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The Sustainability Accounting Standards Board is finalizing a merger with the International Integrated Reporting Council, while watching efforts to establish a standard-setter overseen by the International Financial Reporting Standards Foundation.
The SEC’s Time To Act A New Strategy for Advancing U.S. Corporate and Financial Sector Climate Disclosures February 19, 2021, 5:00 am Getty/CQ-Roll Call Inc./Bill Clark A flag flies outside of the U.S. Securities and Exchange Commission building in Washington, D.C., July 2020. Julia Cusick Introduction and summary Climate change poses major risks to U.S. companies, the domestic economy, and the planet. Those risks include the loss of jobs. The 2008 financial crisis resulted in the loss of more than 8 million jobs, 1 and the cumulative job losses from future climate-driven financial impa...
Institute of Management Accountants president and CEO Jeff Thomson is predicting six mega trends in the finance and accounting profession this year.
Donogl/Dreamstime Reporting standards in the world of environmental, social and governance investing, long a thicket of competing frameworks, could converge within 12 to 24 months, said Janine Guillot, head of the Sustainability Accounting Standards Board. Guillot spoke to Barron’s in a joint interview with Brian Moynihan, CEO of Bank of America, this month. During the interview, Moynihan endorsed the work of SASB, which has a leading framework to report sustainable metrics. He also said that the apparently competing effort by the International Business Council of the World Eco...