This is a such a great idea and could be one of those game changers for our environment.
Ben FischerReporter- New York Business Journal
Bloomberg LP CEO Dan Doctoroff thinks he knows who has the power to make environmental sustainability Wall Street’s top priority: the U.S. Securities & Exchange Commission.
Speaking to a room of data scientists at the Times Square Sheraton Hotel on Tuesday, Doctoroff described a vision of markets moving based on corporation’s track record in environmentalism. Standardized, mandatory reporting is the answer, he claimed.
“If the SEC recognizes that sustainability information is material enough to include in public companies’ 10-K annual reports, then the entire reporting landscape and the whole world can change,” Doctoroff said. “Because if all public companies begin to submit industry-specific [environmental, social and governance] data using SASB’s industry-specific metrics, we could see billions, if not trillions, of investment dollars move to companies that take sustainability seriously from those who don’t.”