SAN FRANCISCO, Jan. 13, 2016 /PRNewswire-USNewswire/ -- The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that provides sustainability accounting standards for use by publicly listed corporations in the U.S., today announces three new members of its board of directors. The new board members, who will serve a three-year term effective January 2016, are:
- Audrey Choi, CEO, Institute for Sustainable Investing – Morgan Stanley
Audrey Choi is CEO of Morgan Stanley's Institute for Sustainable Investing. She is also Managing Director and Head of Morgan Stanley's Global Sustainable Finance Group. In these roles, she oversees the firm's efforts to support resilient communities and promote economic opportunity and global sustainability through the capital markets. Prior to joining Morgan Stanley, Audrey held senior policy positions in the Clinton Administration, the Commerce Department, and the Federal Communications Commission.
- Arnie Pinkston, JD, Former General Counsel at Allergan
Mr. Pinkston is a business leader and lawyer with more than 30 years of experience at leading institutions managing complex matters including those involving board and corporate governance, strategy, risk management, transactions, litigation, and government investigations. He was Executive Vice President and General Counsel at Allergan, Inc. from October, 2011, until March, 2015. Prior to that, he served as Senior Vice President, General Counsel, and Secretary at Beckman Coulter, Inc. Mr. Pinkston also served as Deputy General Counsel at Eli Lilly and Company, and General Counsel of PCS Health Systems, Inc.
- Laura Tyson, PhD, Professor, Director of the Institute for Business and Social Impact at the Berkeley Haas School of Business
Laura Tyson is a Professor and the Director of the Institute for Business and Social Impact at the Berkeley Haas School of Business. Tyson was a member of the US Department of State Foreign Affairs Policy Board and a member of President Obama's Council of Jobs and Competitiveness and the President's Economic Recovery Advisory Board. She served in the Clinton Administration as the Chair of the Council of Economic Advisers (1993-1995) and as Director of the National Economic Council (1995 – 1996). She is a member of the Board of Directors of Morgan Stanley, AT&T, CBRE Group Inc., and Silver Spring Networks. She is an economic advisory board member of the World Bank's International Finance Corporation.
"We are thrilled to welcome our new board members, whose guidance will help us accomplish our two primary goals for this year: supporting investors in voicing demand for better sustainability disclosure, and supporting companies in integrating SASB standards into their disclosure processes," said Dr. Jean Rogers, Founder and Chief Executive Officer of SASB. "These efforts are more important than ever, now that SASB's full set of provisional standards is nearly complete."
"Sustainability factors increasingly have material financial impact," said Ms. Choi. "The work of SASB is critical in helping investors understand why and how these factors are important."
"Public corporations are powerfully important to the future of our planet. We want corporations to succeed and contribute to a robust economy; but it is also important that we understand the environmental and societal impacts of their businesses," said Mr. Pinkston. "SASB's efforts to enable the reporting of environmental and societal impacts of public corporations can help to align successful corporate strategies with the best interests of society."
"Many ESG factors come into play when evaluating sustainable investment options," said Dr. Tyson. "SASB's visionary work is helping investors identify those factors that have a material influence on company performance."
For more information about SASB, please visit www.sasb.org.
The Sustainability Accounting Standards Board™ (SASB)™ is an independent 501(c)3 organization that issues industry-specific standards for use in disclosing material sustainability information in filings to the Securities and Exchange Commission. Michael R. Bloomberg, founder of Bloomberg LP, and Mary Schapiro, former SEC chairman, serve as chair and vice chair of SASB's Board of Directors, and Dr. Jean Rogers serves as Founder and CEO. More than 2,800 individuals representing $23.4T assets under management and $11T market capital have participated in multi-stakeholder industry working groups informing standards development. For more information about SASB, visit www.sasb.org, or follow us on YouTube, Twitter or LinkedIn.
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SOURCE Sustainability Accounting Standards Board (SASB)