As a member of the Sustainability Accounting Standards Board (SASB) advisory council, Framework is pleased to announce that today, October 4th, SASB is formally launching its work in creating sustainability accounting standards.
SASB’s mission is to develop and disseminate industry-specific accounting standards for material sustainability issues for use by corporations traded on U.S. Exchanges and their investors, such that sustainability performance can be evaluated alongside financial performance.
Over the next 2 ½ years, SASB intends to prioritize the key material sustainability issues for 89 industries and engage with hundreds of industry experts and investors to develop a complete set of sustainability accounting standards that will result in comparable information for use by the capital markets. This effort will leverage the power of standards in creating a race to the top on the critical dimensions of sustainability that matter for long-term value creation, thereby enhancing the competitiveness of corporations and benefitting investors and the public.
To learn more, visit www.sasb.org/launch
SASB on LinkedIn: http://www.linkedin.com/company/2464787?trk=tyah