Read the full story in GreenBiz.
We’ve long been aware of the climate change impacts from the oil and gas, coal, metals and mining industries.
But this is only one slice of the sustainability pie when it comes to this so-called extractives or non-renewable resources sector. What about the impact of extractives on other social issues, or the opportunity for these industries to innovate and improve their sustainability performance?
The Sustainability Accounting Standards Board (SASB) in August convened a range of business, investment and accounting stakeholders to offer their advice on sustainability accounting standards for the non-renewable resources sector. SASB working groups play a key role in SASB’s standards setting process, providing industry-expert feedback on material environmental social and governance (ESG) issues and associated accounting metrics.