Schroders joins Sustainability Accounting Standards Board’s Investor Advisory Group
Schroders is pleased to announce that it has joined the Sustainability Accounting Standards Board (SASB) Investor Advisory Board (IAG), alongside other leading asset managers, demonstrating a commitment to improving sustainability-related disclosure to investors.
The announcement reflects the growing relevance of SASB’s standards for global institutional investors, who are increasingly focused on the sustainability of investments and returns.
Madelyn Antoncic, SASB Chief Executive, commented:
“We welcome Schroders to this important group that provides valuable feedback and guidance to SASB.
“The interest of the world’s leading institutional investors in SASB’s standards shows that better understanding of sustainability-related risk and opportunity is a crucial concern across global capital markets.”
Schroders is among 15 new IAG members, bringing the total to 44 firms, who together account for more than $33 trillion in assets under management. The SASB established the IAG in late 2016 to provide investor feedback and guidance for the organisation.
In November 2018, SASB published the world’s first complete set of 77 industry-specific sustainability accounting standards. SASB’s standards enable businesses to identify and communicate performance, on an industry-specific basis, on the sustainability issues that matter most to financial performance. What makes SASB standards unique in the marketplace is their industry-specific focus, their emphasis on communicating to investors and their focus on financial materiality.
The Sustainability Accounting Standards Board Foundation (SASB) is an independent, nonprofit standard-setting organization that develops and maintains robust reporting standards that enable businesses around the world to identify, manage and communicate financially material sustainability information to investors. SASB standards are evidence-based, developed with broad market participation and are designed to be cost-effective for companies and decision-useful for investors. To download any of the 77 industry-specific standards, or learn more about SASB, please visit www.SASB.org.
For further information, please contact:
Estelle Bibby, Head of Media Relations +44 20 7658 3431/Estelle.Bibby@Schroders.com
Andy Pearce, PR Manager +44 20 7658 2203/Andy.Pearce@Schroders.com
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