SASB Provides Standards For Measuring Non-Financial Performance
This post was originally produced for Forbes.
As more and more people, including investors, increasingly focus on performance measures that aren’t captured in the financial statements, it is important to have some objective standards by which to measure social and environmental impacts and ethical corporate governance. Enter the SASB.
Dr. Jean Rogers, CEO of the SASB, explains, “The information investors need to make decisions has changed. In today’s world, how effectively a company addresses sustainability issues can impact its financial position and future prospects. But investors lack access to standardized information on these increasingly significant factors.”
“SASB standards are created for the markets, by the markets. SASB is a response to investor demand for comparable, decision-useful information on material sustainability factors,” she continues.
“SASB standards help companies comply with existing regulatory requirements. They’re the only sustainability accounting standards that are compatible with U.S. securities law,” she concludes.
On Thursday, February 5, 2015 at 5:10 PM, Rogers will join me for a live discussion about the work of the SASB. Tune in here then to watch the interview live.
More about SASB:
The Sustainability Accounting Standards Board (SASB) is an independent non-profit organization that develops sustainability accounting standards for publicly-listed U.S. companies. The standards are designed to guide the disclosure of material sustainability information in the MD&A section of SEC filings, such as the Form 10-K and 20-F. As such, SASB standards help companies comply with federal securities law. With the data resulting from SASB standards, investors will be able to compare the sustainability performance of companies within an industry and direct capital to the most sustainable outcomes. SASB is issuing standards for 80+ industries in 10 sectors by 2016.
Dr. Jean Rogers is the Founder & CEO of SASB. Since 2010 SASB developed from an idea formulated in collaboration with the Harvard University Initiative for Responsible Investment at the Kennedy School of Government into a globally-respected, ANSI-accredited, independent standards-setting organization.
Jean draws upon her 20 years’ experience in sustainability and management consulting across a wide range of industries including utilities, extractives, financials, and real estate. She has worked with international clients to integrate sustainability into strategy and operations, minimizing risk and maximizing returns across the triple bottom line. Jean’s leadership experience includes 10 years as a Principal at Arup, a global engineering consultancy focused on sustainable development. Jean was also a management consultant at Deloitte, working in the environmental and manufacturing practices to help leading companies improve business and product performance through sustainability.
Jean is a former Loeb Fellow at Harvard University and holds a PhD in Environmental Engineering from the Illinois Institute of Technology, and an ME in Environmental Engineering and a BE in Civil Engineering from Manhattan College.
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