The Sustainability Accounting Standards Board has created a corporate pilot program to guide companies on how to use the board’s standards to report material sustainability issues in their SEC filings.
The program, which is a Clinton Global Intitiative “Commitment to Action,” is open to 10 publicly listed U.S. companies in the health care and financial sectors. The pilot companies will be chosen by the first quarter of 2014; the program will help them disclose environmental, social and governance issues in their annual SEC filings. Over the next three years, SASB and its lead strategic partner, information provider Bloomberg, plan to run pilot programs in a total of 10 sectors.
“SASB standards fill an unmet need to provide investors with standardized, comparable information on material sustainability issues,” says Curtis Ravenel, global head of sustainability initiatives at Bloomberg. “But the standards can’t fulfill this goal unless they are used. The pilot program will provide a roadmap to prepare companies to use SASB standards in mandatory SEC filings.”
SASB has named a new director of education, Douglas Park, to lead the pilot program. Park is a recognized authority on corporate governance and an award-winning business professor.
For more information on participating in the corporate pilot program, contact firstname.lastname@example.org.
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