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SASB Releases Provisional Sustainability Accounting Standards for Health Care Industry, A Key Milestone in Improving Disclosure of Material Non-Financial Information
Date:7/31/2013

SAN FRANCISCO, July 31, 2013 /PRNewswire/ -- The Sustainability Accounting Standards Board™ (SASB)™, a 501c3 non-profit organization that provides sustainability accounting standards for use by publicly listed corporations in the U.S., today released its first set of provisional standards for industries in the Health Care sector.  SASB encourages corporations to begin using the provisional standards, which are designed for disclosure in the Form 10-K, 20-F and other required SEC filings. SASB is accredited to set standards by the American National Standards Institute (ANSI).

SASB's provisional standards are available for six industries in the Health Care sector: biotechnology, pharmaceuticals, medical supplies & equipment, health care delivery, health care distributors and managed care. The standards address the environmental, social and governance (ESG) issues likely to be material for companies in these industries. Issues addressed include resource management, pharmaceutical water contamination, drug safety and side effects, ethical marketing, affordability and fair pricing, managed care price performance and safety of clinical trial participants.SASB's standards development process includes research supported by Bloomberg technology, data and analytical tools; balanced, multi-stakeholder industry working groups; a public comment period; and review by an independent Standards Council comprised of experts in standards development, securities law, investment, environmental law, metrics and accounting. The working groups for the Health Care secto
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SOURCE Sustainability Accounting Standards Board (SASB)
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