Franklin Templeton has joined the Sustainability Accounting Standards Board (SASB) of Investor Advisory Group (IAG).
SASB is a group of asset owners and managers committed to improving sustainability-related disclosures to investors.
SASB CEO Madelyn Antoncic said: “We welcome Julie Moret, head of ESG at Franklin Templeton, to this important group that provides valuable feedback and guidance to SASB.
“The interest of the world’s leading institutional investors in SASB’s standards shows that better understanding of sustainability-related risk and opportunity is a crucial concern across global capital markets.”
In late 2016, SASB established its Investor Advisory Group to provide investor feedback and guidance for the organisation.
IAG currently has a total of 44 members, which account for more than $33 trillion in assets under management.
Franklin Templeton head of ESG Julie Moret said: “We are delighted to serve as members of SASB’s IAG to further support the industry’s efforts to promote corporate disclosure on financially material, decision-useful information to investors.
“Franklin Templeton is a strong supporter of SASB’s work in establishing a market-based set of sustainability accounting standards that have been created collaboratively with industry and investors, representing industry specificity and comparability across industries.”
SASB released the world’s first complete set of 77 industry-specific sustainability accounting standards in November last year.
The standards allow businesses to identify and communicate performance, on an industry-specific basis, on the sustainability issues.
What makes SASB standards unique in the marketplace is its industry-specific focus, its emphasis on communicating to investors and its focus on financial materiality.
New representatives from Canada, France, Japan, Norway and the UK also joined the group.