«Sustainability reporting is really a global issue»

«(…)

Hirth: Sustainability reporting is really a global issue. There are a number of alternative frameworks, including those associated with the GRI and the International Integrated Reporting Council (IIRC). Perhaps there may be some degree of consolidation over time. In my view, it is healthy to allow for some experimentation with a variety of reporting standards.

SASB has chosen to build our own model, which leverages the U.S. capital markets. The New York Stock Exchange is the most successful vehicle in the world for creating value, and listed companies tend to be global in scope. SASB has adopted an investor-oriented approach that is grounded in the concept of materiality and organized around industry lines, which is unique.

We have adopted the definition of materiality determined by the U.S. Supreme Court, which establishes the duty to disclose by public companies under the federal securities laws. SASB standards are voluntary, and should not be viewed as a new set of rules. Increasingly, these standards will be aligned with the 2017 recommendations of the G20’s Task Force on Climate-Related Financial Disclosures. SASB standards have been recognized by the European Commission as a suitable framework for disclosing information to investors in accordance with EU Directives. In short, we believe that SASB standards will facilitate providing useful information to investors while helping registrants meet their disclosure requirements in their SEC filings, including their management discussion and analysis (MD&A) presentations.

(…)». Leia aqui.