Читать книгу Patty's Industrial Hygiene, Program Management and Specialty Areas of Practice - Группа авторов - Страница 98

There are a number of standards that have been established for financial reporting by public companies under the Financial Accounting Standards Board. These standards are required to be followed as Good Accounting Practices (GAP) by the Securities and Exchange Commission (SEC). Likewise, a similar organization addressing reporting standards for sustainability metrics was established. The SASB was formed in 2011 as an independent private sector standards organization. The emphasis of SASB is the 10 K and other required financial reports where organizations must report key financial and risk information. Therefore, it has a similar approach but is focused on different reporting than the GRI. Based in San Francisco, California, SASB has currently developed and maintains sustainability accounting standards based on their assessment of materiality (could the reporting element materially impact financial performance) for 79 industries in 11 sectors for public corporations. While the disclosure recommendations may not be legally binding, there is some pressure for larger companies to follow the standards to meet the mandated reporting requirements of the SEC.