Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 11 2020 - 09:51
SASB Appoints Australia Senior Advisor as Momentum Grows
SAN FRANCISCO, Nov. 11, 2020 /PRNewswire-AsiaNet/ --

The Sustainability Accounting Standards Board (SASB), a global standard-setter 
connecting businesses and investors on the financial impacts of sustainability, 
has appointed Terence Jeyaretnam as a Senior Advisor for Australia. The new 
voluntary position was created in response to growing Australian interest in 
SASB, as indicated by increased adoption by companies and key large investors 
in the region. 

As an environmental engineer and Partner at EY in the Climate Change and 
Sustainability practice, based in Melbourne, Jeyaretnam is well-known globally 
as a trusted advisor to companies on ESG best practice and disclosure. He has 
worked closely with GRI, AccountAbility, and the IIRC in various committees and 
governance roles, and has led non-financial reporting thought leadership in 
Australia including authoring the Australian Government's first environmental 
reporting guidance in 1998. 

"SASB is building a network of senior advisors in key international markets to 
guide companies in meeting investors' focused demands for ESG disclosure," said 
Janine Guillot, CEO of SASB. "Terence's experience and network will support the 
growing use of SASB Standards in Australia and elsewhere in the Asia Pacific 

SASB has gained support in Australia in 2020 with the addition of Future Fund 
(Australia's sovereign wealth fund) and Construction and Building Unions 
Superannuation (Cbus) to its Investor Advisory Group (IAG). Other new Asia 
Pacific IAG members in 2020 include Dai-ichi Life Insurance Company of Japan 
and the Singapore-headquartered global investment company Temasek, bringing the 
IAG to 55 members globally representing over US$41 trillion in assets under 
management. Australian companies that disclose SASB metrics include BHP, 
Transurban, and Westpac.

"We're pleased to see increasing use of SASB Standards from companies and 
investors based in Australia, amidst growing international momentum," said Joel 
Posters, Head of Investment Stewardship & ESG at Future Fund, and a member of 
SASB's Investor Advisory Group ( 
). "Over time, disclosure via SASB Standards will help improve the quality of 
ESG-related information investors need to better integrate consideration of 
these issues into our investment decision-making."

"Now more than ever, investors want comparable information about how companies 
are managing urgent environmental and social challenges," Jeyaretnam said. 
"SASB Standards help investors and companies drive performance through 
comparable, reliable, and decision-useful information."

About Terence Jeyaretnam:  An environmental engineer and Partner at EY in the 
Climate Change and Sustainability practice, based in Melbourne, Jeyaretnam is 
EY's national leader for indigenous reconciliation, as well as the Diversity & 
Inclusion leader for EY's Melbourne office. He has been an integral part of 
EY's cultural diversity efforts. Prior to joining EY, Jeyaretnam founded Net 
Balance in 2006. Before it was acquired by EY in 2014, he succeeded in growing 
the firm to Australia's largest standalone sustainability and climate change 
advisory service. Net Balance was twice rated by Business Review Weekly as one 
of the Fast 100 growth companies in Australia. Jeyaretnam is on the Boards of 
Knowledge Media, Food Frontier and Fairtrade Australia New Zealand, and is an 
Adjunct Professor at University of Southern Queensland. He is a fellow of the 
Institute of Engineers Australia. 

About SASB
SASB connects businesses and investors on the financial impacts of 
sustainability. SASB Standards enable businesses around the world to identify, 
manage, and communicate financially material sustainability information to 
investors. SASB Standards are industry-specific and are designed to be 
decision-useful for investors and cost-effective for companies. They are 
developed using a process that is evidence based and market informed. To 
download any of the 77 industry-specific Standards, or learn more about SASB, 
please visit ( 

SOURCE SASB: Sustainability Accounting Standards Board

CONTACT: Taylor Fenske, Stern Strategy Group,