Evidence-based Standards for Reporting on Materiality
Materiality assessment concerning corporate sustainability disclosures is still difficult. The Sustainability Accounting Standards Board (SASB) offers evidence-based standards for reporting on materiality. “The SASB aims to become the future of both financial and sustainability disclosure, providing guidance for the missing link through a set of material indicators by sector and voluntary disclosure, which no self-respecting voluntary corporate reporter will be able to avoid referencing and which no 'reasonable investor' will be willing to overlook," writes Elaine Cohen in CSRWire.
Elaine Cohen is a founding partner of Beyond Business Ltd (www.b-yond.biz/en ), a social and environmental business consulting firm, specialising in CSR strategy and roadmap developent, implementation of CSR processes, reporting and assurance. Beyond Business works globally with large corporate clients, SME's and non profits, offering a full range of CSR and sustainability expertise. Elaine Cohen is the author of "CSR for HR : A necessary partnership for advancing responsible business practices", (Greenleaf Publishing, 2010) a comprehensive guide for CSR and Human Resources Managers on the interface between CSR and HR, and what HR managers should be doing to ensure a CSR-enabled culture and practice in any company.