SASB supports SEC on ESG disclosures
Janine Guillot, CEO of the Sustainability Accounting Standards Board (SASB), has published a piece discussing the Board’s response to the US Securities and Exchange Commission (SEC) consultation on climate change disclosure, and welcoming SEC’s commitment to addressing the needs of 21st century investors in this arena. “SASB supports the SEC’s increased interest and initiative in the area of sustainability-related financial disclosure and believes generally accepted sustainability disclosure standards can play a key role in addressing this emerging priority,” she writes.
SASB has engaged with a range of stakeholders to develop its response, and believes that its recommendations can provide investors with decision-useful information, reduce disclosure complexity for companies, and help enable a global ‘building blocks’ system. They include encouraging the SEC to consider the full range of sustainability factors relevant to investors, in addition to climate change, emphasising the value of industry-specific disclosures and the importance of transparent, evolving processes, and the case for leveraging existing standards and frameworks, and engaging with international efforts. The resulting approach, SASB believes, would serve the SEC’s mission and meet a pressing market need.
“We believe this consultation represents a significant opportunity to achieve the clarity that investors and companies alike have long sought in the sustainability disclosure ecosystem,” says Guillot. She encourages you and your organisation to respond, “because SEC action in this area can only be as effective as it is informed” – hear, hear!
Read more here.