Washington, D.C. (January 31, 2018)--ICAR and the NYU Stern Center for Business and Human Rights submitted comments today to the Sustainability Accounting Standards Board's (SASB) Public Comment Period for Exposure Draft Standards outlining priority human rights concerns with the reporting standards.
As leading financial firms increasingly offer products and services that incorporate environmental, social, and governance (ESG) factors, there is a greater need now than ever before for clear and accurate disclosure on corporate sustainability performance. SASB’s systematic due diligence process and strong relationship with investors make it well-suited to close this gap.
The Exposure Draft Standards have made significant progress on identifying strong measures for environmental performance and corporate governance. However, human rights issues are not yet measured as effectively as they need to be under the SASB framework. The Exposure Draft Standards take a constricted view of human rights issues, both structurally and substantively--representing important limitations of the current standards that must be addressed.
The full comment is available here.