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The Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 by Jean Rogers [1] to develop sustainability accounting standards. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance (ESG) factors on the financial performance of companies, driving ...
While CDP acts as a secretariat to CDSB, the board members provide strategic direction. CDSB is also supported by its Technical Working Group (TWG), a group of large global accounting firms and their professional advisors, and academics who make recommendations and lead the work on the development and uptake of the Framework for reporting environmental information, natural capital and ...
The GRI Standards have a modular structure, making them easier to update and adapt. Three series of Standards support the reporting process. The GRI Universal Standards apply to all organizations and cover core sustainability issues related to a company’s impact on the economy, society, and the environment.
In 2015, the FSB created the Task Force in order to develop recommendations of voluntary disclosures for listed companies. However, ahead of the COP26 summit (2021), the UK responded to the clear 'leadership vacuum on climate change governance' [7] to become the first G20 country to mandate 1,300 of the UK's largest private companies to disclose climate-related data in line with the TCFD ...
Other AI-linked firms in the U.S. including chip giant Nvidia, Broadcom and Arm gained between 2% and 6.5%. Microsoft, another partner in the initiative, rose 2%. In Europe, many of the stocks hit ...
Indeed, a large part of these initiatives are taken by private non-governmental organisations (GRI, IIRC, SASB, CDP...) and it is only recently that some governments or supranational institutions, such as the European Commission, are developing mandatory standards (NFRD/CSRD and the Communication on the Commission's guidelines, EMAS ...
CDP piggybacked on GRI's concept of environmental disclosure in 2002, focusing on individual companies rather than on nations. At the time CDP had just 35 investors signing its request for climate information and 245 companies responding. According to the organization, as of 2022, companies worth half of global market capitalization disclose ...
The EU competition enforcer and Microsoft, which racked up 2.2 billion euros ($2.3 billion) in EU antitrust fines two decades ago for tying or bundling two or more products together, declined to ...