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On September 12, proxy advisory firm Glass Lewis issued a release indicating that it will incorporate guidance on material environmental, social and governance (ESG) matters from the Sustainability Accountability Standards Board (SASB) in several of its research and advisory products.
SASB develops sustainability accounting standards designed to systematize ESG reporting across industries for use in SEC filings. As there is increasing competition among providers of ESG metrics, and a resulting increase in demand on companies to provide ESG data, Glass Lewis’s adoption may move SASB to greater prominence among such providers.
“Many of our clients have adopted SASB standards as a mechanism to better understand the most pressing environmental and social factors for the companies in their portfolio,” said Courteney Keatinge, Glass Lewis’ Director of ESG Research. “Incorporating that information directly within our analysis and software will provide useful context in a timely manner.”