Authors:

  • Robert Eccles

Excerpt

Why Investors Should Care About the Next Generation of Accounting Standards. Robert Eccles, February 27, 2016, Opinion. "This is the mission of the Sustainability Accounting Standards Board, a nonprofit organization established by Jean Rogers in 2011. Michael Bloomberg, former New York mayor, is the current chair, and former Securities and Exchange Commission chair Mary Schapiro is SASB's vice chair. SASB's approach is a simple but powerful one. Through a rigorous process, it identifies the material ESG information that should be reported on a company's Form 10-K, or equivalent reporting document for non-U.S.-listed companies, and the recommended key performance indicator or metric for each issue. The ESG issues are grouped into the following five categories: environment, social capital, human capital, business models and innovation, and leadership and governance." Link