SASB Names Jon Anda Chief of Market Strategy
Former Vice Chairman of Morgan Stanley to lead standards adoption
SAN FRANCISCO, April 14, 2015 /PRNewswire-USNewswire/ -- The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that provides sustainability accounting standards for use by publicly listed corporations in the U.S., today announced the hire of Jon Anda as Chief of Market Strategy.
As a prominent leader in the capital markets, Anda spent 20 years at Morgan Stanley, where he ran a diverse group of business units including Global Capital Markets, Corporate Finance, and both Investment Banking and Institutional Equities in Asia. In 2007, Jon shifted his career to work on environmental markets and the reflection of externalities in securities prices. He helped develop trading, derivatives, accounting, and cost control parameters for a U.S. carbon market, working with the Environmental Defense Fund and Duke University's Nicholas Institute. Since the 2009 demise of cap and trade legislation in Senate, he served as head of environmental policy for UBS Investment Bank and EVP Strategy at Energy Points, now part of Lux Research.
As Chief of Market Strategy, Anda will work with corporations and investors on adoption and use of SASB standards, which bring the most relevant sustainability disclosure topics and metrics for each of 80+ industries into the MD&A section of 10-F and 20-F financial reports.
"As a credible and powerful voice in the investment profession, Jon will play a key role in raising corporate and investor awareness of how SASB standards support investor decision-making," says Dr. Jean Rogers, SASB Founder and CEO.
"One of my early mentors on Wall Street, Joseph G. Fogg III, would interrupt long answers to direct questions with a bluntly delivered "the answer is a number." Sustainability reporting today has many long answers to many questions, but not enough quantitative inputs for comparative analysis and earnings models used in investment decisions," says Anda. "The only way to develop those is to convene companies, their investors, and other relevant parties—such as accountants and lawyers—to align on sustainability accounting standards. That takes a lot of time and effort, but it creates an un-biased and dynamic platform that makes reporting of environmental, social, and governance (ESG) metrics better, faster, and cheaper. To be able to take what SASB has done, and help work towards broad adoption of the standards, is a great honor."
Anda has an MBA from the Kellogg School of Management at Northwestern University and a BS in Accounting from the University of Illinois.
About SASB
The Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that issues industry-specific standards for use in disclosing material sustainability information in mandatory filings to the Securities and Exchange Commission. Michael R. Bloomberg, founder of Bloomberg LP, and Mary Schapiro, former SEC chairman, serve as chair and vice chair of SASB's Board of Directors, and Dr. Jean Rogers serves as Founder and CEO. More than 2,300 individuals representing $23T assets under management and $10.5T market capital have participated in multi-stakeholder industry working groups informing standards development to date. For more information about SASB, visit www.sasb.org, or follow us on YouTube, Twitter or LinkedIn.
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SOURCE Sustainability Accounting Standards Board (SASB)
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