SAN FRANCISCO, Oct. 7, 2014 /PRNewswire-USNewswire/ — The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that develops sustainability accounting standards for publicly-listed U.S. corporations, today announced the launch of the Enterprise Resource Platform (ERP) Partnership Program for software providers. PE INTERNATIONAL andCSRware™ are the initial founding partners in the program.
Investor demand for environmental, social, and governance (ESG) disclosure is increasing. In a recent global survey of institutional investors, 90 percent of the responding investors indicated that assessment of performance on ESG issues ”had played a pivotal role in their investment decision-making process” over the past 12 months. As a result, many companies seek to apply more rigor to the management and disclosure of the non-financial information that is material to their business. SASB ERP Partners will provide the ability to track their performance on SASB metrics, access SASB disclosure guidance, and note analysis alongside data. Auditors will be able to view data and assess its accuracy, in addition to evaluating internal controls.
“To facilitate corporate use of SASB standards in SEC filings in compliance with Regulation S-K, we need world-class standards as well as world-class technical resources for companies,” says Dr. Jean Rogers, SASB CEO and Founder. “The SASB ERP Partnership is the first in a suite of tools designed to help companies integrate SASB standards into their existing disclosure processes.”
SASB is proud to be partnering with PE INTERNATIONAL and CSRware™, two leading software providers that recognize the importance of efficiently and effectively disclosing sustainability information in SEC filings.
The Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that develops industry-specific standards for use in disclosing material sustainability information in mandatory filings to the Securities and Exchange Commission. Michael R. Bloomberg, founder of Bloomberg LP, and Mary Schapiro, former SEC chairman, serve as chair and vice chair of SASB’s Board of Directors, and Dr. Jean Rogers serves as Founder and CEO. More than 1,890 individuals representing $21T assets under management and $9.5T market capital have participated in multi-stakeholder industry working groups informing standards development to date. For more information about SASB, visit www.sasb.org, or follow us on YouTube, Twitter or LinkedIn.