Reporting and disclosure-focused software and service provider Greenstone announced that it has integrated the Sustainability Accounting Standards Board (SASB) Standards into its sustainability and ESG software solutions. The company stated that it now licenses the SASB metrics, topics and technical protocols to enable its clients to use the SASB framework when reporting on their ESG impacts and risks, in partnership with SASB
The SASB Foundation is a non-profit organization, established with the mission to establish industry-specific ESG disclosure standards for companies. The standards set by SASB are designed to enable investors to assess the materiality of reported sustainability information, and to compare companies on these metrics on a global basis. As ESG disclosure and measurement grows in importance, many investors have begun requesting that their portfolio companies begin reporting on sustainability issues in line with SASB standards.
According to Greenstone, the agreement is aimed at further strengthening the company’s position as a global leader in ESG reporting software. Greenstone’s Frameworks module, part of the company’s sustainability software solution, now enables clients to streamline data collection to meet the reporting requirements of multiple global reporting frameworks, including SASB, the GRI Standards, CDP, UNGC, TCFD, the SDGs and many leading financial exchange-reporting schemes around the world. Greenstone also recently launched its InvestorPortal solution to enable responsible and sustainable investing for private capital investors, which will also now incorporate SASB metrics.
Matthew de Villiers, CEO at Greenstone said:
“This SASB licensing agreement is timely with the successful launch of Greenstone’s North American business earlier this year. With an increasing number of new clients headquartered in North America, Greenstone is committed to ensuring that we constantly innovate and adapt our solutions to address our clients’ specific market requirements.”
Nicolai Lundy, SASB’s Director of Partnerships & Market Outreach, said:
“We are glad to welcome Greenstone as a SASB licensee. By integrating the SASB Standards, Greenstone can support clients to make it even easier to collect, manage, and disclose information about the industry-specific ESG topics most likely to impact financial performance.”