SASB Releases Exposure Drafts for Services Sector
Aligned with its efforts to create sustainability accounting standards for ten sectors by the end of 2015, the Sustainability Accounting Standards Board (“SASB”) has issued exposure drafts of proposed standards for the services sector. Addressing material sustainability topics such as environmental, social, and governance issues, the services sector exposure drafts impact companies in industries like education, media, casinos, hospitality and professional services. SASB hopes to finalize the services sector standards and release provisional standards in December. Comments on the exposure drafts are due October 14th. To view the exposure drafts or assistance on submitting comments, click here .
Sustainability Reporting Increasing Among S&P 500 Companies
According to a June report by the Governance & Accountability Institute (“the Institute”), sustainability reporting among companies in the Standard & Poor’s 500 (“S&P 500”) is growing at a staggering rate. Through the Institute’s research, it was discovered that 72 percent of S&P 500 companies submitted reports last year covering environmental, social and governance (ESG) matters. The number marks a 19-percent increase (53 percent) from 2012. By these numbers, the Institute’s research concluded that corporate sustainability disclosure is a major concern for companies, especially in the eyes of investors and stakeholders. The report’s findings also noticed a strong link between. Read More.