Give Investors Access to All the Information They Need
Founder Mike Bloomberg and former SEC Chair Mary Schapiro, the Chair and Deputy Chair of SASB, write in the Financial Times
For decades, investors’ decisions have been aided principally by financial statements. But such information gives an incomplete picture of a company’s health. That is why non-financial reporting standards will help gauge companies’ position relative to competitors, write Michael Bloomberg and Mary Schapiro, Chair and Deputy Chair of the Sustainability Accounting Standards Board (SASB) in a recent Financial Times opinion piece. The health and sustainability of a business must consider both internal (such as talent recruitment and retention) and external (such as constraints on natural resources and exposure to climate risks) factors. And how a company addresses these issues can be an indicator of its long term success. Investors and shareholders often do not have ready access to comparable information about these issues, but SASB is endeavoring to change that by creating a global standard for report those matters.
To learn more, please visit SASB or read the full-length opinion piece published in the Financial Times.
