New York, NY and Paris, France (PRWEB) June 03, 2015
Tennaxia, a global leader in corporate social responsibility and sustainability data management solutions, and The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that issues sustainability accounting standards, have announced the launch of a pioneering global partnership. The Tennaxia-SASB integration allows companies to measure, manage and report on industry-specific environmental, social and governance [ESG] data that is most essential to financial performance and value creation.
In a recent global survey of institutional investors, 90 percent of investors indicated that ESG performance assessment ''had played a pivotal role in their investment decision-making process" over the past 12 months. Further, a recently published Harvard Business School report links positive performance on SASB disclosure topics with improved financial returns and shareholder value. Corporate management is also increasingly focused on tracking ESG/Sustainability performance, evidenced with 72 percent of the S&P 500 Index publishing sustainability reports in 2014, up from just 20 percent in 2011.
Despite increasing investor and management demand, there is significant room to improve the quality and accessibility of ESG data. The Tennaxia-SASB solution provides a streamlined, proven and cost-efficient approach for companies to build standardized, ESG metrics, useful for corporate and investor decision-making.
By integrating the SASB framework into its existing capabilities, Tennaxia can support companies to track SASB metrics, either alone or alongside a broader range of corporate responsibility and sustainability data, KPIs and reporting frameworks. Tennaxia’s cloud-based ERP solution is customizable, user-friendly, reliable and is set up to capture a trail of information to help with third party audit engagements. It has been adopted by over 200 European-based global companies, with over 5,000 users in 70 countries, with 100% retention rates. The 2014 ReScore market study benchmarked Tennaxia within the top tier of ESG Data Management solutions.
Tennaxia’s pioneering leadership in the European market adds value and depth of experience to serving the US market. Tennaxia Founder and CEO, Bernard Fort, says “as we celebrate our company’s 14th Anniversary, we are pleased to begin this pathbreaking partnership with SASB. It keeps us as a leading edge provider of solutions for CSR/Sustainability best practices in data management. Our commitment to service excellence, combined with SASB’s sophisticated and impactful metrics, will provide an unprecedented global resource.”
Led by CEO and Founder, Dr. Jean Rogers, and Chairman, Michael Bloomberg, SASB is a market-based solution driven by companies, investors, and other stakeholders. "To facilitate use of SASB standards in SEC filings, we need software solutions that help companies integrate SASB standards into their existing ESG management and disclosure processes,” says Dr. Rogers. "SASB is proud to be partnering with Tennaxia, a leading software provider that recognizes the importance of disclosing material sustainability information that is decision-useful to companies and investors.”
To request information on the Tennaxia-SASB Solution, please contact Deborah Stern at 646-417-8136 or e-mail at dstern(at)trianagroup(dot)com.
Tennaxia and SASB will be facilitating a special dialogue at the Activation Hub at Sustainable Brands '15 San Diego Tues/Wed Evenings, June 2,3, 6:30-7:30 pm in the Activation Hub, Space #410: "How can smarter metrics through better tools help us achieve a sustainable and prosperous future?"
Since 2001, Tennaxia has pioneered best practices and built specialized expertise in Corporate and Environmental Responsibility data management solutions, as demonstrated by nearly 100% retention of its consistently growing client base composed of 5,000+ locations across 70 countries worldwide. More than two hundred global corporations across industries rely on Tennaxia’s customized cloud-based EHS, CSR and Sustainability Reporting software and services to streamline business processes, reducing costs and risks. Tennaxia is present in the United States with its partner the Triana Group, where its long international track record makes it one of the most experienced subject-matter experts for companies seeking software solutions and expertise. Columbia University Program in Sustainability Management graduates’ 2014 paper benchmarking competing software platforms has ranked Tennaxia as a top-tier solution, and Tennaxia’s advice on best practices has been presented to hundreds of Sustainability officers on webinars, Smarter Metrics: How to Collect, Manage & Report on Sustainability Data More Effectively, and in workshops such as Sustainable Brand’s New Metrics ‘14 conference at the MIT.
For more information about Tennaxia, visit http://www.tennaxia.com/en.
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 2,300 individuals representing $23T assets under management and $10.5T market capital have participated in multi-stakeholder industry working groups informing standards development to date. For more information about SASB, visit http://www.sasb.org, or follow us on YouTube, Twitter or LinkedIn.
Associate Director, Communications
Smarter Metrics: How to Collect, Manage & Report on Sustainability Data More Effectively: http://www.sustainablebrands.com/digital_learning/webinar/new_metrics/smarter_metrics_how_collect_manage_report_sustainability_data_m
Rescore Market Report: Effective CSR Data Management, with related article U.S. Companies Can Do More than Excel with CSR Data by Sustainable Brands: http://www.rescoregroup.com