The Sustainability Accounting Standards Board, a nonprofit organization leading the effort to create industry-specific accounting standards, announced PwC will make a $1 million contribution and provide $1.4 million in pro bono services and loaned employee support to SASB.
“Megatrends, such as resource scarcity and climate change, as well as some aspects of technology and urbanization, are major business challenges for many of our clients,” stated Shannon Schuyler, PwC principal and president of the PwC Charitable Foundation. “Our clients are actively thinking about the future of corporate reporting. SASB standards are intended to help companies identify, report and manage the sustainability issues that matter most to business and investors.”
PwC’s financial and services-based contributions include $1 million in direct financial support over three years, pro bono service and employee support to provide subject matter expertise and thought leadership in corporate reporting, and an assurance specialist provided directly to SASB to support efforts in reporting and disclosure controls.
“Our support of SASB, among other standard setting organizations, reflects our commitment to address social and environmental impacts in a forward looking manner,” stated Schuyler.
“Since our inception, PwC has supported SASB by serving on our Advisory Council and participating in our Industry Working Groups,” stated SASB CEO and founder Jean Rogers. “PwC’s deepened commitment to SASB underscores their leadership in investing in the future of corporate reporting and their commitment to rigorous, high quality corporate disclosure of material sustainability factors for the benefit of investors.”
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