Post by hasan77 on Feb 15, 2024 2:23:52 GMT -5
Approaches but in areas where they overlap, a two-year Bloomberg grant will help the organizations harmonize their standards. The project also will identify areas where the standards area already substantially similar, as well as areas where they don’t overlap or can’t harmonize. How CBRE introduced SASB metrics Despite the surge in investor demand for ESG data, sustainability disclosure challenges can be daunting, and even companies that issue sustainability reports like clockwork can resist including sustainability data in traditional financial reports.
CBRE, the world’s largest commercial real estate investment and services firm, has supported sustainability reporting for the past 11 years using the GRI standards. After provisional SASB standards were released in early 2016, the company decided to look into using those guidelines as well. "The SASB standards Uruguay Email List are of particular interest to our investors, and as a publicly traded company, our investors are an important stakeholder for us," said Jennifer Leitsch, CBRE’s director of corporate responsibility, during the GCAS event. "Once we started to dig into the SASB standards for our industry, we found out that there was some alignment with what we were already reporting, but that the SASB standards really asked us to go deeper.
The SASB standards are of particular interest to our investors, and as a publicly traded company, our investors are an important stakeholder for us. For example, the company already was revealing information about so-called dual agency transactions — in which the company represents both the owner and the buyer or lessor of a property — to surface the potential for conflicts of interest underlying such transactions. The SASB standards would have required CBRE to calculate the amount of revenue it generated via such dual-agency deals. That additional specificity and detail, though, weren’t the main hurdles to adoption. "When I started talking about SASB internally, it really was kind of a non-starter," Leitsch said. "
CBRE, the world’s largest commercial real estate investment and services firm, has supported sustainability reporting for the past 11 years using the GRI standards. After provisional SASB standards were released in early 2016, the company decided to look into using those guidelines as well. "The SASB standards Uruguay Email List are of particular interest to our investors, and as a publicly traded company, our investors are an important stakeholder for us," said Jennifer Leitsch, CBRE’s director of corporate responsibility, during the GCAS event. "Once we started to dig into the SASB standards for our industry, we found out that there was some alignment with what we were already reporting, but that the SASB standards really asked us to go deeper.
The SASB standards are of particular interest to our investors, and as a publicly traded company, our investors are an important stakeholder for us. For example, the company already was revealing information about so-called dual agency transactions — in which the company represents both the owner and the buyer or lessor of a property — to surface the potential for conflicts of interest underlying such transactions. The SASB standards would have required CBRE to calculate the amount of revenue it generated via such dual-agency deals. That additional specificity and detail, though, weren’t the main hurdles to adoption. "When I started talking about SASB internally, it really was kind of a non-starter," Leitsch said. "