Wespath Joins SASB Investor Advisory Group Promoting Stronger ESG Disclosures
October 25, 2016
Wespath Investment Management (Wespath) has become a founding member of the Sustainability Accounting Standards Board’s (SASB) Investor Advisory Group (IAG). The group, which includes global asset owners like the California State Teachers’ Retirement System and asset managers including BlackRock and Goldman Sachs Asset Management, will work to improve the quality and uniformity of sustainability reporting by listed companies.
Wespath believes more extensive and standardized reporting on material issues relating to environmental, social and governance (ESG) factors allows investors to comprehensively evaluate company performance, while helping companies identify and manage sustainability risk.
Wespath Chief Investment Officer and representative on the IAG, David Zellner, said: “By partnering with SASB and other like-minded investors, we are better able to encourage robust ESG disclosures among the companies in which we invest, as well as in the broader financial markets. Promoting the integration of ESG factors in investment decision-making has long been an element of our engagement efforts with companies and public policy makers
, as we believe it improves the sustainability of the companies and markets we invest in on behalf of our clients and participants.”
Read more about SASB’s IAG here