© 2015 SASB™ Sustainability Accounting Standards Board Industry-Based Standards to Guide Disclosure and Action on Material Sustainability Information Jean Rogers, PhD CEO and Founder, SASB
© 2015 SASB™
Sustainability Accounting Standards BoardIndustry-Based Standards to Guide Disclosure and Action on Material Sustainability Information
Jean Rogers, PhDCEO and Founder, SASB
The SASB MissionImproved non-financial disclosure results in enhanced market efficiency
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The mission of SASB is to develop and disseminate sustainability accounting standards that help public corporations disclose material, decision-useful information to investors.
That mission is accomplished through a rigorous process that includes evidence-based research and broad, balanced stakeholder participation.
Facts about SASB Independent 501(c)3 non-profit
American National Standards Institute (ANSI) accredited standards developer
Developing industry-specific standards for 10 sectors and 79 industries
Guided by the U.S. Supreme Court’s definition of materiality, SASB prioritizes topics of disclosure and standardizes the form of disclosure
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Strong LeadershipInformed by experience, credibility, character, commitment, and vision
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Mary Schapiro – Vice ChairPromontory Advisory Board Vice ChairFormer Chairman – SEC
Michael R. Bloomberg – ChairPhilanthropist, Founder of Bloomberg LP, and the 108th Mayor of New York City
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Audrey ChoiCEO – Institute for Sustainable Investing, Morgan Stanley
Jack Ehnes CEO – CalSTRS
Steven O. Gunders, CPA, MBAPartner – Deloitte & Touche LLP (Retired)
Dan Hanson, CFAPartner and Director of U.S. Equities – Jarislowsky Fraser USA
Robert H. HerzFormer Chairman – FASB
Erika Karp, MBACEO – Cornerstone Capital Inc.
Shawn LytlePresident – Delaware Management Holdings, Inc.
Clara Miller President – The F.B. Heron Foundation
Catherine Odelbo, MBAExecutive Vice President, Corporate Strategy and Partnerships – Morningstar Inc.
Kevin ParkerCEO – SICM
Aulana Peters, JDFormer Commissioner – SEC
Arnie Pinkston, JDGeneral Counsel, Allergan (Retired)
Curtis RavenelGlobal Head, Sustainability Initiatives – Bloomberg LP
Jean Rogers, PhD, PEChief Executive Officer & Founder – SASB (Ex-officio)
Laura Tyson, PhDDirector, Institute for Business and Social Impact – Berkeley Haas School of Business
Elisse Walter, JDFormer Chairman – SEC
Edward D. White, JDManaging Partner – Fahr LLC
A Growing NeedGlobal megatrends, economic evolution create challenges for companies, investors
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Mandates in multiple markets (E.U., China, India, etc.)
Disclosure reform Exchange listing requirements
Shareholder resolutions Questionnaire overload Calls for divestment
LEGISLATIVE PRESSURE ECONOMIC PRESSURE
INVESTOR PRESSURE STATE OF DISCLOSURE
Resource constraints Climate change Changing valuations and the
rise of intangibles
Proliferation of boilerplate disclosures
Inappropriate use of materiality in corporate communications
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Comparing Fundamentals, Competing on PerformanceSASB standards enable peer-to-peer comparisons and foster competition
SASB Metrics
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A Market-Driven ResponseSASB addresses needs of all market participants—both investors and issuers
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$11.0T
SASB INDUSTRY WORKING GROUPS REFLECT BROAD-BASED INTEREST
PARTICIPANTS
>2,800 ASSETS UNDER
MANAGEMENT
$23.4T MARKET CAP
Issuers A minimum set of disclosure topics that are
likely to constitute material information for companies in an industry, and a cost-effective model for disclosing that information in a decision-useful way for investors
A method to understand and improve performance on ESG-related value drivers
A way to meet the requirements of Regulation S-K
Investors Comparable data for benchmarking
and evaluating performance Standardized, decision-useful
information in a trusted channel (i.e., 10-K)
Tools and resources to analyze and understand sustainability risks and opportunities at the company, industry, and portfolio level
No New Regulation RequiredSASB standards rest on existing regulation and support disclosure in the MD&A
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Regulation S-K requires companies to:
Disclose material information as appropriate in SEC filings such as Form 10-K and 20-F.
Disclose management’s view on known trends, events, and uncertainties that are reasonably likely to have a material impact on results of operations and financial condition.
Form 10-K (MD&A)
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Shaped By ConsensusSASB topics must achieve a high level of consensus among all stakeholder types
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0
10
20
30
40
50
60
70
80
90
100
Stakeholder-specific feedback on likely materiality of all proposed disclosure topics(% of respondents, by interest group, who think suggested topics are likely to constitute
material information)
All % Corporations % Investors/Analysts %
Perc
enta
ge
Consistent ProgressBy 2016, SASB will have issued standards for 79 industries in 10 sectors
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Health Care6 industries
Tech & Comm
6 industriesTransportation
8 industries
Resource Transformation
5 industries
Renewable Resources &
Alternative Energy6 industries
2013 2014 2015 2016
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2Q1
Financials7 industries
Services10 industries
Consumption15 industries
Infrastructure8 industries
Non-Renewable Resources8 industries
Sustainable Industry Classification SystemSICS™ industries are grouped by resource intensity and sustainability impacts
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Health Care Biotechnology Pharmaceuticals Medical Equipment & Supplies Health Care Delivery Health Care Distributors Managed Care
Technology & Communications Electronic Manufacturing Services &
Original Design Manufacturing Software & IT Services Hardware Semiconductors Telecommunications Internet Media & Services
Renewable Resources & Alternative Energy Biofuels Solar Energy Wind Energy Fuel Cells & Industrial Batteries Forestry & Paper
Transportation Automobiles Auto Parts Car Rental & Leasing Airlines Air Freight & Logistics Marine Transportation Rail Transportation Road Transportation
Non-Renewable Resources Oil & Gas – Exploration &
Production Oil & Gas – Midstream Oil & Gas – Refining & Marketing Oil & Gas – Services Coal Operations Iron & Steel Producers Metals & Mining Construction Materials
Infrastructure Electric Utilities Gas Utilities Water Utilities Waste Management Engineering & Construction Services Home Builders Real Estate Owners, Developers &
Investment Trusts Real Estate Services
Services Education Professional Services Hotels & Lodging Casinos & Gaming Restaurants Leisure Facilities Cruise Lines Advertising & Marketing Media Production & Distribution Cable & Satellite
Resource Transformation Chemicals Aerospace & Defense Electrical & Electronic Equipment Industrial Machinery & Goods Containers & Packaging
Financials Commercial Banks Investment Banking & Brokerage Asset Management & Custody
Activities Consumer Finance Mortgage Finance Security & Commodity Exchanges Insurance
Consumption Agricultural Products Meat, Poultry & Dairy Processed Foods Non-Alcoholic Beverages Alcoholic Beverages Tobacco Household & Personal Products Multiline and Specialty Retailers &
Distributors Food Retailers & Distributors Drug Retailers & Convenience Stores E-Commerce Apparel, Accessories & Footwear Building Products & Furnishings Appliance Manufacturing Toys & Sporting Goods
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The Full PictureSASB is constructing a complete view of sustainability risks and opportunities
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HC FN TC NRR TR SVC RT CNEnvironment%
GHG emissions 0% 0% ● ● ● ● ● ●Air quality 0% 0% 0% ● ● ● ● Energy management ● 0% ● ● ● ● ● ●Fuel management ● 0% 0% ● ● ● ●Water and wastewater management ● 0% ● ● 0% ● ● ●Waste and hazardous materials management ● 0% ● ● ● ● ● ●Biodiversity impacts 0% 0% 0% ● ● ● ●
Social Capital
Human rights and community relations ● 0% 0% ● 0% 0% 0% 0%
Access and affordability ● ● 0% 0% 0% 0% 0% 0%
Customer welfare ● ● 0% 0% ● ● ● ●Data security and customer privacy ● ● ● 0% 0% ● ● Fair disclosure and labeling ● 0% 0% 0% 0% ● ●Fair marketing and advertising ● ● 0% 0% 0% ● ●
Human Capital
Labor relations 0% 0% ● ● ● 0% 0% 0%
Fair labor practices 0% 0% ● 0% ● ● Employee health, safety and wellbeing ● 0% ● ● ● ● ● ●Diversity and inclusion 0% ● ● 0% 0% ● Compensation and benefits 0% ● 0% 0% 0% ●
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Consumption IIRenewable Energy
Infrastructure
Major Themes from Standards SettingInteresting patterns have begun to emerge after 10 sectors and 79 industries
CLIMATE CHANGEEvent readiness in health care delivery, carbon intensity of reserves in oil and gas, emissions from refining, vulnerability of real estate and insurance, impact on crop yields
PRODUCT ALIGNMENT & SAFETYCounterfeit drugs, food quality and nutrition, car and airline safety, responsible gambling and drinking, product design and take-back
RESOURCE INTENSITY & SCARCITY24/7 health care facilities and data centers, fuel management in transport rare earth minerals in manufacturing, water consumption in beverages, oil and gas, agriculture
ACCESS & AFFORDABILITY OF SERVICESOrphan drugs and pricing, access to medicine and coverage, transparency in procedures and billing, financial inclusion and capacity building
FINANCING & RESPONSIBLE LENDINGResponsible lending and transparency of terms in mortgages, consumer finance, and education, financial literacy initiatives
$33.8T
$29.1T
$26.9T
$8.3T
$3.9T
Market cap of companies affected
Percentage of equity market
93%
80%
75%
23%
11%
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Cost-Effective DisclosuresSASB provides a cost-effective way to report on material sustainability factors
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SASB standards average 5 topics and 14 metrics (78 percent quantitative) per industry.
74 percent of SASB topics are already being addressed in SEC filings.
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Current State of DisclosureReporting across sectors lacks consistency, comparability, industry-specificity
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Health Care Sector (58 companies)
Financials Sector (63 companies)
Technology & Communications Sector (59 companies)
Non-Renewable Resources Sector (81 companies)
Transportation Sector (63 companies)
Services Sector (93 companies)
Resource Transformation (50 companies)
Consumption I (68 companies)
Consumption II (79 companies)
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
No Disclosure Boilerplate Industry Specific Metrics
Robust StandardsSASB standards contain more than just metrics
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SASB Standard
Disclosure topics
Technical protocol
Accounting metrics
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Explicit Financial LinksEach of SASB’s evidence-based metrics is tied to specific financial impacts
Value Impact SASB Metric
COST OF CAPITAL
REVENUE
COST
ASSETS & LIABILITIES
Medical Loss Ratio (MLR): Medical costs as % of premium revenueManaged care firms with higher MLR spend more on patient care, likelyimproving outcomes which may lead to improved customer satisfaction and market share; meanwhile, firms with lower MLRs may be required by theACA to offer consumers a rebate which may affect operating profits Investor use: Comparative valuation
Total Energy Consumed, % Grid Electricity, % RenewableEnergy-intensive firms may be overexposed to volatile energy prices, vulnerable to certain risks if reliant on the grid, and/or incur indirect costs from internalization of carbon prices; investments in self-generation, energy efficiency, and renewables may require new processes (R&D) Investor use: Comparative analysis and fundamental valuation
Total Loans to Companies in the Non-Renewable Resources SectorESG factors affecting NRR firms may disproportionality raise the risk associated with their outstanding loans and leases, decreasing interest income to commercial banks and devaluing collateral and loans; weakened balance sheets can lead to higher cost of capital Investor use: Comparative analysis, fundamental valuation
Managed Care
Telecomm
Commercial Banks
For a Range of InvestorsSASB standards, tools, and resources support a broad range of investment decisions
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How
What
Investment Analysis
Integrate sustainability into fundamental analysis
Consider sustainability in portfolio risk evaluation
Incorporate sustainability into active, passive strategies
Risk Management
Portfolio Construction
Active Engagement
Interact directly with issuers on key sustainability factors.
Analysts, Portfolio Managers, ESG Teams
Asset Owners, Chief Risk Officer
Portfolio Managers
Asset Owners, Governance Teams
Who
Integration Guide for Asset Managers
Industry Research Briefs
Data Provider Partners
Materiality Map™
Sustainable Industry Classification System™ (SICS™)
Industry Research Briefs
Materiality Map™
SICS™
Data Provider Partners
Investible Products
Engagement Guide for Asset Owners
Industry Research Briefs
Issues Tables
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Materiality MattersHarvard research shows The SASB Model drives superior performance
“Corporate Sustainability: First Evidence on Materiality,” Working Paper by Mozaffar Khan, George Serafeim, and Aaron Yoon
Harvard Business School, 2015
Findings:
Using SASB’s framework, Harvard researchers found that firms with good performance on ‘material sustainability issues’ and concurrently poor performance on ‘immaterial sustainability issues’ enjoy the strongest financial returns. These results speak to the efficiency of firms’ sustainability investments, and also have implications for asset managers who have committed to the integration of sustainability factors in their capital allocation decisions.
They also found that 80 percent of disclosures are immaterial, having no correlation to positive performance.
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A Smarter BenchmarkSASB standards yield performance data, emphasizing quality over quantity
SASB data will spur “smart” investible products using companies’ performance on material, industry-specific factors rather than the universe of available data.
Benchmark Rating
TR CRI US ESG 0.68
S&P 500 0.57
1,400
1,300
1,200
1,100
1,000
900
800
700
600
500
400
Existing sustainability indexes and funds:
Maximize data points, masking correlation
Rely on disclosure as a proxy for performance
Track a broad index like the S&P 500
Thomson Reuters CRI US Large Cap ESG TR S&P 500 TR
Sources: S-Network, Thomson Reuters
Total Return (12/31/2007-3/29/2013)
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The Pain Point for InvestorsThey’re challenged to understand how non-financial performance impacts returns
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Focusing specifically on U.S.-listed companies, how satisfied are you with the information currently being provided by these companies on the following topics?
Satisfied Dissatisfied
How risks and opportunities are identified and quantified in financial terms
Comparability of sustainability reporting between companies in the same industry
Relevance and implications of sustainability risksissues
How the company identifies social and environmental impacts in its supply chain
Key performance indicators related to each identified material issue
Sustainability strategy that is linked to business strategy
Internal governance of sustainability issues
Process used to identify material sustainability issues
Source: PwCSustainability Goes Mainstream, May 2014
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Engagement GuideImplementation Guide
Free Resources at SASB.orgSASB provides free tools to facilitate issuer and investor use of its standards
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Materiality Map™
Standards NavigatorStandards Mock 10-Ks
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Research Briefs
Integration Guide
Learn MoreIncrease your understanding of the link between sustainability and corporate value
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Fundamentals of Sustainability Accounting CredentialThe world’s first credential in sustainability accounting
How to analyze SASB standards for any industry
How to interpret sustainability information for strategic decision-making or investment analysis
The context for materiality and sustainability
How to identify the sustainability factors impacting financial performance
FSA.sasb.org/prep for curriculum, free resources, and registration
Level I: Principles Level II: Practices (2016)
Disclosure TopicsHealth Care
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Biotechnology Pharmaceuticals Medical Equipment and Supplies Health Care Delivery Health Care
Distributors Managed Care
Environment
Energy, water and waste efficiency
Energy, water and waste efficiency
Energy, water and waste efficiency
Energy and waste efficiency
Climate change impacts on human health and infrastructure
Fuel efficiency Climate change impacts
on human health
Socia
l Capital
Safety of clinical trial participants
Access to Medicines Counterfeit drugs Ethical marketing Affordability and fair
pricing Drug safety and side-
effects
Safety of clinical trial participants
Access to Medicines Counterfeit drugs Ethical marketing Affordability and fair
pricing Drug safety and side-
effects
Product safety
Affordability and fair pricing
Ethical marketing
Quality of care and patient satisfaction
Access for low-income patients
Patient privacy and electronic health records
Product safety
Counterfeit drugs Access to coverage
Customer privacy and technology standards
Human
Capital
Employee recruitment, development and retention
Employee health and safety
Employee recruitment, development and retention
Employee health and safety
Employee recruitment, development and retention
Innovation
Product design and lifecycle management
Product lifecycle management
Improved outcomes
Governance
Corruption and bribery
Manufacturing and supply chain quality management
Corruption and bribery
Manufacturing and supply chain quality management
Corruption and bribery
Manufacturing and supply chain quality management
Fraud and unnecessary procedures
Pricing and billing transparency
Corruption and bribery Plan performance Pricing and billing
transparency
Disclosure TopicsFinancials
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Commercial Banks
Investment Banking & Brokerage
Asset Management &
Custody ActivitiesConsumer
FinanceMortgage Finance Exchanges Insurance
Environment
Environmental risk to mortgaged properties
Environmental risk exposure
Social Capital
Financial inclusion and capacity building
Customer privacy and data security
Transparent information and fair advice for customers
Financial inclusion Customer privacy
and data security Transparent
information and fair advice for customers
Responsible lending and debt prevention
Transparent information and fair advice for customers
Responsible lending and debt prevention
Promoting transparent and efficient capital markets
Plan performance
Human Capital
Employee incentives and risk-taking
Employee inclusion
Employee incentives and risk-taking
Employee inclusion
Business Model & Innovation
Integration of environmental, social and governance risk factors in credit risk analysis
Integration of environmental, social and governance risk factors in advisory, underwriting, and brokerage activities
Integration of environmental, social and governance risk factors in investment management and advisory
Integration of environmental, social and governance risk factors in investment management
Policies designed to incentivize responsible behavior
Leadership & Governance
Management of the legal and regulatory environment
Systemic risk management
Management of the legal and regulatory environment
Systemic risk management
Management of the legal and regulatory environment
Systemic risk management
Management of the legal and regulatory environment
Managing conflicts of interest
Managing business continuity and technology risks
Systemic risk management
Disclosure TopicsTechnology & Communications
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Hardware EMS & ODM Semiconductors Software & IT Services
Internet Media & Services Telecom
Environment
Water & waste management in manufacturing
GHG emissions Energy management in
manufacturing Water & waste
management in manufacturing
Environmental footprint of hardware infrastructure
Environmental footprint of hardware infrastructure
Environmental footprint of operations
Social
Capital
Product security Data privacy & freedom of expression
Data security
Data privacy, advertising standards, and freedom of expression
Data security
Data privacy Data security
Human Capital
Employee inclusion Fair labor practices Recruiting & managing a global, skilled workforce
Employee health & safety
Recruiting & managing a global, diverse skilled workforce
Employee recruitment, inclusion, and performance
Innovation
Product lifecycle management
Product lifecycle management
Product lifecycle management
Product end-of-life management
Leadership &
Governance
Supply chain management & materials sourcing
Supply chain management & materials sourcing
Supply chain management & materials sourcing
Intellectual property protection & competitive behavior
Managing systemic risks from technology disruptions
Intellectual property protection & competitive behavior
Intellectual property protection & competitive behavior
Managing systemic risks from technology disruptions
Competitive behavior
Disclosure TopicsNon-Renewable Resources
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Oil & Gas – Exploration &
ProductionOil & Gas – Midstream
Oil & Gas – Refining & Marketing
Oil & Gas – Services
Coal Operations
Iron & Steel Producers Metals & Mining Construction
Materials
Environ
ment
GHG emissions Air quality Water management Biodiversity impacts
GHG & other air emissions
Ecological impacts
GHG emissions Air quality Water management Hazardous materials
management
Emissions reduction services & fuels management
Water management services
Chemicals management
Ecological impact management
GHG emissions Water management Waste management Biodiversity impacts
GHG emissions Air quality Energy management Water management Waste management
GHG emissions Air quality Energy management Water management Waste & hazardous
materials management Biodiversity impacts
GHG emissions Air quality Energy management Water management Waste management Biodiversity impacts
Social
Capital
Community relations Security, Human Rights
& Rights of Indigenous Peoples
Community relations & rights of Indigenous Peoples
Community relations Security, Human
Rights & Rights of Indigenous Peoples
Human
Capital
Workforce health, safety & well-being
Labor relations
Workforce health, safety & well-being
Workforce health, safety & well-being
Labor relations
Workforce health, safety & well-being
Business Model & Innovatio
n
Product specifications & clean fuel blends
Product innovation
Leadership & Governance
Business ethics & payments transparency
Health, safety& emergency management
Reserves valuation & capital expenditures
Management of the legal & regulatory environment
Contractor & supply chain management
Competitive behavior
Operational safety, emergency preparedness & response
Pricing integrity & transparency
Health, safety & emergency management
Management of the legal & regulatory environment
Business ethics & payments transparency
Health, safety & emergency management
Management of the legal & regulatory environment
Reserves valuation & capital expenditures
Supply chain management
Business ethics & payments transparency
Pricing integrity & transparency
Disclosure TopicsTransportation
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Automobiles Auto Parts Car Rental & Leasing Airlines Air Freight &
LogisticsMarine
Transportation Rail Transportation Road Transportation
Environment
Materials Efficiency & Recycling
Energy Management Materials Efficiency &
Waste Management
Environmental Footprint of Fuel Use
Environmental Footprint of Fuel Use
Environmental Footprint of Fuel Use
Ecological Impacts
Environmental Footprint of Fuel Use
Environmental Footprint of Fuel Use
Social
Capital
Product Safety Product Safety Customer safety
Human
Capital
Labor Relations Labor Relations Fair Labor Practices Driver Working Conditions
Business Model &
Innovation
Fuel Economy & Use-phase Emissions Product Lifecycle
Management
Fleet Fuel Economy & Utilization
Leadership &
Governance
Materials Sourcing
Competitive Behavior
Materials Sourcing
Competitive behavior Accidents & Safety
Management Accidents & Safety Management
Supply Chain Management
Business Ethics
Accidents & Safety Management
Competitive behavior Accidents & Safety
Management Accidents & Safety Management
Disclosure TopicsServices
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Education Professional Services
Hotels & Lodging
Casinos & Gaming Restaurants Leisure
Facilities Cruise Lines Advertising & Marketing
Media Production & Distribution
Cable & Satellite
Environment
Energy & Water Management
Ecosystem Protection & Climate Adaptation
Energy Management
Energy & Water Management
Food & Packaging Waste Management
Energy Management
Fuel Use & Air Emissions
Discharge Management & Ecological Impacts
Infrastructure Energy Use & Fleet Fuel Consumption
SocialCapital
Quality of Education & Gainful Employment
Marketing & Recruiting Practices
Professional Integrity
Data Security
Responsible Gaming
Food Safety Nutritional
Content
Customer & Worker Safety
Shipboard Health & Safety Management
Advertising Integrity
Data Privacy
Journalistic Integrity & Sponsorship Identification
Media Pluralism Data Privacy Data Security
Human Capital
Workforce Diversity & Engagement
Fair Labor Practices
Smoke-free Casinos
Fair Labor Practices
Fair Labor Practices
Workforce Diversity & Inclusion
B. Mo
del & Inn
ovation
Leadership &
Governance
Internal Controls on Money Laundering
Political Spending
Supply Chain Management & Food Sourcing
Accident Management
Intellectual Property Protection & Media Piracy
Managing Systemic Risks from Technology Disruptions
Competitive Behavior & Open Internet
Disclosure TopicsResource Transformation
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Chemicals Aerospace & Defense Electrical & Electronic Equipment
Industrial Machinery & Goods
Containers & Packaging
Environment
Greenhouse Gas Emissions Air Quality Energy & Feedstock Management Water Management Hazardous Waste Management
Energy Management Hazardous Waste Management
Energy Management Hazardous Waste Management
Energy Management
Greenhouse Gas Emissions Air Quality Energy Management Water Management Waste Management
SocialCapital
Data Security Product Safety Product Safety Product Safety
Human Capital
Employee Health & Safety
B. Model
& Innovat
ion
Safety & Environmental Stewardship of Chemicals & Genetically Modified Organisms
Product Design for Use-phase Efficiency
Fuel Economy & Emissions in Use-phase
Product Lifecycle Management & Innovation for Environmental Efficiency Fuel Economy & Emissions in
Use-phase Remanufacturing Design &
Services
Product Lifecycle Management
Leadership &
Govern
ance
Political Spending Health, Safety, and Emergency
Management
Business Ethics
Supply Chain Management & Materials Sourcing
Business Ethics & Competitive Behavior
Materials Sourcing Materials Sourcing Materials Sourcing
Disclosure TopicsConsumption I
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Agricultural Products
Meat, Poultry, and Dairy Processed Foods Non-Alcoholic
BeveragesAlcoholic Beverages Tobacco Household &
Personal Products
Environment
Greenhouse Gas Emissions
Energy & Fleet Fuel Management
Water Withdrawal Land Use & Ecological
Impacts
Greenhouse Gas Emissions
Energy Management Water Withdrawal Land Use & Ecological
Impacts
Energy & Fleet Fuel Management
Water Management
Energy & Fleet Fuel Management
Water Management
Energy Management Water Management
Water Management
SocialCapital
Food Safety & Health Concerns
Food Safety Food Safety Health & Nutrition Product Labeling &
Marketing
Health & Nutrition Product Labeling &
Marketing Responsible Drinking &
Marketing
Public Health
Marketing Practices
Human Capital
Fair Labor Practices & Workforce Health & Safety
Workforce Health & Safety
B. Model & Innovation
Climate Change Impacts on Crop Yields
Antibiotic Use In Animal Production
Animal Care & Welfare
Packaging Lifecycle Management
Packaging Lifecycle Management
Packaging Lifecycle Management
Packaging Lifecycle Management
Product Environmental, Health, and Safety Performance
Leadership &
Governance
Environmental & Social Impacts of Ingredient Supply Chains
Management of the Legal & Regulatory Environment
Environmental & Social Impacts of Animal Supply Chains
Environmental Risks in Animal Feed Supply Chains
Environmental & Social Impacts of Ingredient Supply Chains
Environmental & Social Impacts of Ingredient Supply Chains
Environmental & Social Impacts of Ingredient Supply Chains
Environmental & Social Impacts of Palm Oil Supply Chain
Disclosure TopicsConsumption II
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Food Retailers & Distributors
Drug Retailers & Conv. Stores
Multiline & Specialty Retailers
& Dist.E-Commerce
Apparel, Accessories &
FootwearBuilding Products
& FurnishingsAppliance
ManufacturingToys & Sporting
Goods
Environment
Air Emissions from Refrigeration
Energy & Fleet Fuel Management
Food Waste Management
Energy Management in Retail
Energy Management in Retail & Distribution
Energy & Water Footprint of Hardware Infrastructure
Logistics & Packaging Efficiency
Energy Management in Manufacturing
SocialCapital
Data Security Food Safety Product Health &
Nutrition Product Labeling &
Marketing
Data Security & Privacy
Management of Controlled Substances
Patient Health Outcomes
Data Security Data Security & Fraud Protection
Data Privacy
Management of Chemicals in Products
Management of Chemicals in Products
Product Safety Chemical & Safety Hazards of Products
Human Capital
Fair Labor Practices Workforce Diversity & Inclusion
Fair Labor Practices
Employee Recruitment, Inclusion, and Performance
B. Model & Innovation
Product Lifecycle Environmental Impacts
Product Lifecycle Environmental Impacts
Leadership &
Governance
Management of Environmental & Social Impacts in the Supply Chain
Drug Supply Chain Integrity
Product Sourcing, Packaging, and Marketing
Raw Materials Sourcing & Innovation
Labor Conditions in the Supply Chain
Environmental Impacts in the Supply Chain
Wood Sourcing Labor Conditions in the Supply Chain