Voluntary Financial Guidelines Released
The Sustainability Accounting Standards Board (SASB) released voluntary guidelines to help the financial sector report on sustainability issues in annual filings with the US Securities and Exchange Commission.
SASB Standards are comprised of disclosure guidance and accounting standards on sustainability topics for US and foreign public companies in their annual filings with SEC. SASB Standards may also be applicable to other periodic mandatory fillings with the SEC, such as the Form 10-Q, Form S-1, and Form 8-K, the organization said.
SASB’s disclosure guidance identifies sustainability topics at an industry level, which may be material— depending on a company’s specific operating context— to a company within that industry.
The SEC has been criticized for failing to enforce its rules for corporate reporting on climate risk. A recent report from Ceres said the majority of financial reporting on climate change from S&P 500 companies is too brief and largely superficial.
Energy Manager News
- The hunt for reforming energy markets
- New Hampshire Shopping Site Offers Over 70 Competitive Retail Plans
- KCC Slashes Westar Transmission Delivery Fee
- Reach Out to Finance Execs With Data They Understand
- Energy Trust of Oregon Exceeded 2015 Goals
- Mercy Housing, Promise Energy Teaming Up
- 30 Environmental Advocacy Groups Call on NARUC for Holistic Rate-Setting Guidelines
- New York State’s Summer of Energy