Franklin Templeton has joined the Sustainability Accounting Standards Board (SASB) Investor Advisory Group (IAG), a group of asset owners and managers that are committed to improving sustainability-related disclosures to investors.
The announcement was made at the IAG's meeting in London, reflecting the growing relevance of SASB's sustainability accounting standards for global institutional investors, with the addition of new representatives from Canada, France, Japan, Norway and the United Kingdom.
"We welcome Julie Moret, head of ESG at Franklin Templeton, to this important group that provides valuable feedback and guidance to SASB," said SASB CEO Madelyn Antoncic. "The interest of the world's leading institutional investors in SASB's standards shows that better understanding of sustainability-related risk and opportunity is a crucial concern across global capital markets."
SASB established its Investor Advisory Group in late 2016 to provide investor feedback and guidance for the organization, and to demonstrate investor support for a market standard for investor-focused sustainability disclosure. A total of 44 firms, accounting for more than $33trn in assets under management, now serve as IAG members.