Updated SASB bulletin outlines climate risk reporting specifics by industry
SASB released an updated Climate Risk Technical Bulletin earlier this week to help companies better understand how they can disclose climate risk in a manner that would provide investors with helpful information.
SASB’s standards divide companies into 77 industries and provide industry-specific ESG reporting suggestions, based on financial materiality. As part of this latest review, SASB finds that 68 of the 77 industries are significantly affected in some way by climate risk, totaling 89 percent of the market capitalization of the S&P Global 1200.
‘Climate change is ubiquitous,’ says David Parham, director of research projects at SASB. ‘You can’t diversify away from the risk, so you need to understand how those risks manifest and how they can be responded to. That’s why it’s important to have the data to understand how companies are managing that risk and identifying exactly what it is.’
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.
By Editor | January 7, 2021 |
During a November 9, 2020, meeting of the Weakley County Fiber Research Committee, local farmer David Parham addressed the board, stressing the need for a countywide fiber internet infrastructure. Parham said internet is a necessity for his chicken barns and soybean operation after he recently invested $1.8 million for a chicken barn operation in the county. He said the barns rely on internet to connect with one another.
BY DAVID FISHER
david@dresdenenterprise.com
WEAKLEY COUNTY (January 6) Our Year-In-Review highlights some of the top stories reported in the Dresden Enterprise during 2020. It recounts crime news, accident and fire reports, community celebrations, school news, special recognitions, and other noteworthy events. These stories are grouped in chronological order as they were published, beginning with the month of January and continuing through June, in the first of a two-part series.