San Francisco, California (PRWEB) March 01, 2013
The Sustainability Accounting Standards Board™ (SASB)™ announces the opening of the public comment period for sustainability accounting standards for the Health Care sector. For the next 30 days, the general public can comment on public exposure drafts of standards for six industries: Biotechnology, Pharmaceuticals, Medical Equipment & Supplies, Health Care Delivery, Health Care Distributors and Managed Care.
The public exposure drafts include feedback from more than 70 experts who participated in SASB’s Health Care Industry Working Groups. These experts—comprised of a balanced mix of investors, corporate representatives and intermediaries—represent $800B market capital and $952B in assets under management. After the public provides feedback on the public exposure drafts, SASB will present revised standards to a 17-member Standards Council. Upon the review and approval of the Standards Council, the draft standards will be finalized. At that time corporations will be invited to pilot the standards.
SASB will issue a public comment period for each of the 88 industries in ten sectors for which it develops standards. As an American National Standards Institute (ANSI) accredited standards-setting organization, SASB’s process is accessible, transparent and responsive to today’s market needs.
As SASB refines its standards for the Health Care sector, the organization is recruiting working groups to develop standards for the Technology and Communications sector as well as the Non-Renewables sector. SASB invites industry experts to sign up for a working group and/or submit evidence for these upcoming sectors.