CSRware, Inc.

SASB Ready

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The Need for Comparable Data – beyond financial data, investors are now interested in issues such as how a company is prepared for the challenges of resource constraints, the damaging effects of climate change, and higher demand brought on by population growth and emerging markets.

FURTHER NEEDS FOR COMPARABLE DATA

  • The Socially Responsible Investment (SRI) community—which uses investment strategies that consider both financial return and social impact—now represents 11.3 percent of the $33.3T total assets under management in the U.S. capital markets.
  • This trend is likely increase as new generations of investors enter the market. The Millennial generation believes business should do more to address society’s challenges in areas including resource scarcity (68 percent), climate change (65 percent) and income equality (64 percent).
  • Although some companies share sustainability information, reporting is not standardized and is usually geared toward interest groups, not investors who have a financial stake in the company.
  • As such, investors are engaging in fairly unproductive and costly means to get the information they need—89 percent of global institutional investors responding to a recent survey say they will request sustainability information directly from the company, and 50 percent report they are “very likely” to sponsor or co-sponsor a shareholder proposal. Significantly, two-thirds of these investors say that they would be more likely to consider this type of information when making investment decisions if common standards were used.
  • Enabling the production of such data and benchmarks is what SASB does. With comparable data, investors can take action on the sustainability issues that matter most.

SASB’s VALUE PROPOSITION FOR COMPANIES

  • SASB standards help companies identify sustainability factors that are material to the company, and provide a model for reporting on those factors in a decision-useful way for investors.
  • SASB standards help companies measure and manage the sustainability risks and opportunities most likely to impact value.
  • SASB standards help companies comply with Regulation S-K to mitigate the legal risk associated with the omission of material information.
  • By focusing on a minimum set of disclosure topics and integrating into existing SEC filings, SASB standards are designed to be cost-effective for corporations.

ABOUT SASB

  • SASB is an independent, ANSI-accredited non-profit organization that develops sustainability accounting standards for publicly-listed U.S. companies. The standards are designed to guide the disclosure of material sustainability information in SEC filings, such as the Form 10-K and 20-F.
  • SASB standards help companies identify sustainability factors that are material to the company, and provide a model for reporting on those factors in a decision-useful way for investors.
  • SASB standards help investors make more informed decisions by providing comparable data for benchmarking and evaluating corporate sustainability performance.
  • Through the beginning of 2016, SASB is developing sustainability accounting standards for more than 80 industries in 10 sectors. To date, SASB has issued standards for 27 industries in four sectors.

SASB envisions a world where a shared understanding of corporate sustainability performance allows companies and investors to make informed decisions that drive value and improve sustainability outcomes.

SASB’S APPROACH TO MATERIALITY

  • SASB uses the Supreme Court definition of materiality: information is material if “a substantial likelihood that the disclosure of the omitted fact would have been viewed by the reasonable investor as having significantly altered the ‘total mix’ of the information made available.” This definition of materiality has a singular and unwavering focus on the reasonable investor’s decision to buy, sell, or hold a security. SASB standards are designed for the disclosure of material sustainability information that informs investor decision-making.
  • Regulation S-K already requires companies to disclose all material information in the Form 10-K. SASB standards are designed for inclusion in the MD&A section of the Form 10-K and 20-F.
  • The MD&A is intended to help investors look at the company through the eyes of management by providing both a short and long-term analysis of the business of the company.
  • Companies can voluntarily use SASB standards to comply with Regulation S-K to disclose known trends or uncertainties that are reasonably expected to have a material impact on liquidity, capital, sales, revenues, or income. All of the issues addressed in our standards are substantiated by evidence of investor interest and/or financial impact on a company or an entire industry. 

SUSTAINABILITY ACCOUNTING BENEFITS

CSRware adheres to the principles and guidelines of SASB

“Go Beyond Financial Accounting To Sustain Value Creation”

Our Advisors prepare your team to integrate non-financial performance data into your existing data collection process. We don’t complicate it, we simplify it by using our verified software tool.  By collaborating with you using a defined methodology, we prepare your team using a simple approach for how to leverage our tool with integrated SASB industry standards.

Our approach is simple – remove complexity of SASB adoption within your organization. We leverage our experience from other reporting frameworks to assist you with who needs to contribute, assigning sections to the appropriate people or groups, centralizing the information, highlighting results using Dashboard Analytics and driving a one report output useful for your financial and sustainability teams to assess, audit and include in your SEC Filings.

Start with a FREE introduction to the Sustainability Accounting Standards Board (SASB) industry standard and how our tool can get you off the ground today.

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OUR ROLE

To facilitate SASB adoption to assess what data is required, and prepare you for disclosing sustainability information in SEC Filings. Partner with you, your consulting partners or auditors to align your data with your financial process. Our team will work with SASB to ensure your industry standards and metrics are always up-to-date on our platform.  With our existing environmental sustainability compliance expertise, we are positioned to assist you in bridging the gap between financial and non-financial integrated reporting.

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OUR GOAL

Is to simplify data gathering, reporting results and auditing. By utilizing our CSRware SASB Verified software tool, we will deliver results to you using dashboard Analytics and reports in formats useful to you. Our reports comply with report design guidelines, exports to Excel, PDF or Word.  In addition, we will leverage the automated calculations from our Energy & Sustainability Management solution to ensure you have accurate, consistent and actionable results.

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OUR APPROACH

You can think of our Advisors as those assessing your needs and consolidating your information for accurate data collection and analysis of key metrics while the software acts as a TurboTax tool enabling you to report taxes accurately.  Our Advisors are here to make it simple.

Our Action Plan prepares your software launch – you can run stand-alone or we can run for you.

SASB REPORTING MADE EASY

Our Advisory services are aligned with your industry standards – Our team of experts help to ensure the success of implementing and managing your initiatives with tools and SASB standards expertise.

How We Do It:  Advisors are prepared and trained with an efficient methodology

  • We use internal tools to keep your costs low and reduce planning time
  • Customer driven collaboration is our on-going priority
  • Our methodology is designed to scale along with your business needs
  • We will manage your IT requirements and offer a managed services
  • Continually stay in touch with SASB with any industry changes
  • Deliver an actionable SASB Ready Action Plan you can execute

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