Former New York City Mayor Michael Bloomberg and former Securities and Exchange Commission chairman Mary Schapiro have joined the board of the Sustainability Accounting Standards Board, serving as chair and vice-chair, respectively, of the fledgling organization.

The addition of Bloomberg and Schapiro will lend extra clout and credibility to SASB, which has been rolling a series of sustainability accounting standards for various industry sectors, including health care, finance and most recently technology and communications (see SASB Releases Accounting Standards for Tech & Comm and SASB Releases Sustainability Accounting Standards for Financial Sector).

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