Sharpen those #2 pencils. There’s a new examination rolling out for sustainability professionals interested in formal certification for their skills.
The San Francisco-based Sustainability Accounting Standards Board announced during this week's 3BL Media webinar that early bird registration, at the discounted price of $200, is now open for the inaugural “Fundamentals of Sustainability Accounting” accreditation test in May.
“Anyone who takes and passes the credential exam is able to demonstrate that they can identify, quantify and communicate the financial impacts of sustainability,” said Nicolai Lundy, manager of education for SASB, adding that the FSA designation is expected to be helpful for the career development of corporate communications pros.
SASB, launched in 2012, has established sustainability accounting standards for about 50 industries that comprise 80 percent of the market capitalization of U.S.-based publicly traded companies, Lundy said.
SASB standards are designed to help companies communicate material sustainability information as part of the management discussion and analysis (MD&A) section of the Form 10k currently being filed with the regulator.
No company is reporting in this fashion as of today, a fact Lundy attributes to the lengthy legal and regulatory review corporations must undertake before supplementing financial reporting with sustainability data.
“They need a long runway,” he said.
If SASB is a successful and the SEC mandates sustainability disclosure, those execs who possess FSA certification will be in high demand.
3BL Media is the leading Corporate Social Responsibility (CSR) and sustainability news distribution and content marketing company. Our focus is on issues including sustainability, CSR, energy, education, philanthropy, community, reporting, and other social and environmental topics and communication.