{"id":475087,"date":"2021-04-13T06:03:04","date_gmt":"2021-04-13T10:03:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sasb-publishes-updated-climate-risk-technical-bulletin\/"},"modified":"2021-04-13T06:03:04","modified_gmt":"2021-04-13T10:03:04","slug":"sasb-publishes-updated-climate-risk-technical-bulletin","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sasb-publishes-updated-climate-risk-technical-bulletin\/","title":{"rendered":"SASB Publishes Updated Climate Risk Technical Bulletin"},"content":{"rendered":"

\nResearch shows climate risk is nearly ubiquitous but highly differentiated across 77 industries
\n<\/h2>\n
\n

San Francisco, April 13, 2021 (GLOBE NEWSWIRE) — The\u00a0Sustainability Accounting Standards Board<\/a> (SASB) today published an updated Climate Risk Technical Bulletin<\/a>, which shows how climate risks and opportunities manifest in unique ways across 77 industries and recommends industry-specific standards companies can use to measure, manage, and communicate those factors.<\/p>\n

\u201cThere\u2019s overwhelming consensus that climate change is a business risk and capital markets need appropriate tools to manage it effectively. While the volume of climate-related financial disclosure has increased, and its quality continues to improve, the approach outlined in this bulletin can accelerate progress toward comparable climate-related information that can inform investment decision making around the world,\u201d says Janine Guillot, CEO of SASB.<\/p>\n

The revised bulletin comes at a pivotal time. Markets around the world are exploring the establishment of widely accepted climate disclosure standards, including at the US Securities and Exchange Commission<\/a>, the European Commission<\/a>, the IFRS Foundation<\/a>, and the International Organization of Securities Commissions (IOSCO)<\/a>. Alongside other major players in sustainability disclosure<\/a>, SASB is leading progress toward a simplified corporate disclosure landscape. Together, we recently published a prototype climate standard<\/a> that will serve as a key input to IFRS Foundation and IOSCO working groups and may serve as a useful companion to SASB\u2019s Climate Risk Technical Bulletin.<\/p>\n

Eivind Lorgen, Nordea Asset Management\u2019s Director of Active Ownership, Responsible Investment and Chair of SASB\u2019s Investor Advisory Group<\/a> noted,\u00a0\u201cWe need comparable and credible information to accelerate the capital markets\u2019 transition to a low-carbon future. SASB\u2019s detailed mapping of the types of climate risk likely to be material in each industry helps investors, including us, understand the nature of the risk we are exposed to depending on the holdings in our portfolio and enables us to make more informed decisions.\u201d<\/p>\n

\n Findings of the bulletin include:<\/b>\n <\/p>\n