New role further amplifies SASB’s efforts to maintain standards informed by the market
SAN FRANCISCO, March 20, 2018 – The Sustainability Accounting Standards Board (SASB) announced today that Marvin Smith has joined the organization as Stakeholder Outreach Manager for SASB’s Sector Advisory Groups (SAGs). In his role, Smith will lead the formation and ongoing coordination of eleven SAGs, in close consultation with SASB’s Research Team and Standards Board. Each SAG, comprising 15-25 members from companies, investment firms, and other stakeholders, will provide ongoing feedback and advice to Sector Analysts and the SASB regarding current and emerging financially material sustainability topics and metrics.
“The Stakeholder Outreach Manager is a critical new position, which will improve our ability to deliver market-informed standards–a core element of SASB’s standards development process,” said David Post, CFA, Director of Research.
From 2012-2017, SASB has been working with companies, investors, and subject matter experts as part of the provisional phase of its robust standards-development process. After SASB’s ratified standards are released this summer, Sector Advisory Groups will begin to provide ongoing feedback for the next update to the standards in approximately three years.
“Marvin brings extensive stakeholder engagement experience, which will enable him to spearhead the seating and day-to-day management of SASB’s inaugural Sector Advisory Groups. We are delighted that Marvin has joined the SASB team,” added Post.
Smith joins SASB from Future 500, where he was senior manager of stakeholder engagement, responsible for facilitating dialogues and partnerships regarding sustainability issues between companies and NGOs. Marvin helped companies understand trends and best practices in shareholder advocacy, transparency, and the dissemination of environmental, social and governance (ESG) information, including materiality assessment and CSR reporting.
Smith holds a B.A. in History, Political Studies, and Spanish from Pitzer College in Claremont, and an M.A. in International Studies from The Graduate Institute in Geneva. Smith speaks Spanish and French fluently.
Smith recently moderated a panel at the 2018 GreenBiz Conference on investor-corporate engagement, and participated in a panel at the SRI Advisor Regional Event on building ESG and sustainability into advisory practices.
Opportunity to join SASB’s Sector Advisory Groups
Each Sector Advisory Group will consist of 15-25 volunteers from a range of leading companies across a variety of industries, plus investors and subject matter experts. SAG members will advise SASB on matters of implementation as well as emerging issues. Interested candidates can read more and submit an expression of interest form at SASB.org.
Established in 2011, the Sustainability Accounting Standards Board (SASB) is an independent standards-setting organization dedicated to enhancing the efficiency of the capital markets by fostering high-quality disclosure of financially material sustainability information that meets investor needs. SASB develops and maintains sustainability accounting standards—for 79 industries in 11 sectors—that help public corporations disclose financially material sustainability information. For more information, visit www.sasb.org and follow us on Twitter @SASB.