Sustainability accounting standards help companies disclose material, decision-relevant information to investors in a cost-effective way. Sustainability Accounting Standards Board (SASB) (since 2011).The first and most widely adopted global standards for sustainability reporting. The below highlights a few of these organizations. There are many standard setters and organizations who aim to drive ESG reporting via standard setting and various other frameworks.
Rising global threats and associated opportunities from climate change – The seriousness and scale of the risks posed by climate change highlight the need to accelerate change through business innovation.Ĭonsider ESG disclosure guidance from entities such as the ones below to help identify appropriate metrics for your material issues Shift to stakeholder capitalism – Stakeholder’s demands are forcing executive and decision-makers to rethink their organizations’ goals beyond maximizing shareholder value. Sustainable investing from niche to mass market – Sustainable investing continues to expand into a major market segment, fueled by firms like BlackRock demanding corporate disclosure.īiden Administration’s Bold Climate Change Agenda and SEC changes – The Biden administration has to bold climate agenda, and is focused on building a modern, sustainable infrastructure and clean energy future.
Talent and customer attraction – Employees and customers are demanding organizations to stand for something beyond profit. The fight for Racial Equity and Social Justice – Working to achieve racial diversity, equity and inclusion is a renewed priority for companies looking to drive sustainability and overall performance. Marco forces amplifying ESG – Multiple market and societal forces have heightened the importance of ESG
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