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orld Environment Day G100 Virtual Forum on Corporate Reporting & SASB organised by the G100 Sustainability Committee in collaboration with SASB, CA ANZ and CPAA and hosted by EY. This event will be the first of four G100 Virtual Forums over 2020 on Corporate Reporting, tackling topics such as SASB, CDSB, TCFD and ASX/ASIC/AASB/AUASB disclosure suites.
BlackRock CEO Larry Fink’s recent annual letter to CEO’s called for all companies to “disclose in line with industry-specific” guidelines set out by SASB by the end of the year. “BlackRock believes that SASB provides a clear set of standards for reporting sustainability information across a wide range of issues (…) we are asking the companies that we invest in on behalf of our clients to publish a disclosure in line with industry-specific SASB guidelines by year-end,” he said.
In addition, State Street Global Advisors President and CEO Cyrus Taraporevala’s annual letter discussed the fact that their ESG score leverages the SASB framework, and it encourages companies in the S&P 500, FTSE 350, ASX 100, TOPIX 100, DAC 30, and CAC 40 to understand and work to improve their ESG score.
The first Virtual Forum introduces the SASB organisation; its motto of “connecting businesses and investors on the financial impacts of sustainability”, its governance, an overview of the use of the standards globally and future directions including touching on climate risk, which was G100’s key conversation topic in 2019.
The Forum will be moderated by Terence Jeyaretnam of the G100 Sustainability Committee and will involve a presentation by Neil Stewart, Director of Corporate Outreach for SASB.
G100 is keen to engage the Finance Function, and accordingly, we are hoping that both the sustainability and finance professionals will attend from each organisation. Governance, General Counsel and Corporate Reporting functions are also welcome.