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Sustainability Accounting Standards Board Reports Provisional Standards [Travel & Leisure Close - Up]
[September 30, 2014]

Sustainability Accounting Standards Board Reports Provisional Standards [Travel & Leisure Close - Up]


(Travel & Leisure Close - Up Via Acquire Media NewsEdge) The Sustainability Accounting Standards Board issued provisional standards for eight industries in the Transportation sector.

According to a board release, this sector reaches the halfway point in SASB's ambitious goal to deliver standards for ten major sectors, comprised of 80+ industries, to the U.S. capital markets.

SASB's provisional standards address environmental, social, and governance issues most likely to contain material information for companies in transportation industries: automobiles, auto parts, car rental and leasing, airlines, air freight and logistics, marine transportation, rail transportation, and road transportation.



Examples of issues included are accident and safety management, environmental footprint of fuel use, and fair labor practices.

"Sustainability topics that are likely to be material for industries in the Transportation Sector-from car manufacturing to transportation services-focus on the environmental and social impacts of operating transportation equipment, mainly fuel efficiency and safety," said Jean Rogers, Founder and CEO of SASB. "This is the result of the groundbreaking research that supports the SASB Transportation standards, filtering traditional sustainability topics through the lens of investor interest and material financial impact." SASB standards help corporations comply with existing regulation, Regulation S-K, to disclose all material information in the Form 10- K.


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