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The SASB Foundation, an independent nonprofit responsible for the funding and oversight of the Sustainability Accounting Standards Board (SASB), has appointed the globally recognised corporate reporting expert Paul Druckman to its governing board.
The appointment from the global body follows the SASB standards board’s recent prioritisation of standard-setting activities to “ensure the global applicability of its metrics”.
Druckman comes to SASB after an non-executive career that first focused on financial reporting and later extended to corporate governance, non-financial reporting and measurement, and sustainability.
He began his career as a chartered accountant before being an accounting software entrepreneur. He later became president of the Institute of Chartered Accountants in England and Wales (ICAEW) and was a board member for UK regulator the Financial Reporting Council as well as being chair of the Prince of Wales’ Accounting for Sustainability executive board.
SASB said Druckman was a “pioneer” in expanding the accounting field to consider non-financial value drivers, having founded the International Integrated Reporting Council and serving as its first CEO.
He now chairs the World Benchmarking Alliance and Clear Insurance Management, as well as chairing a major FRC project on the Future of Corporate Reporting.
SASB CEO Janine Guillot said: “Paul joins us at a time when the market is asking sustainability standard setters to work together and offer standards with the same robustness as financial reporting standards. Paul’s background in both worlds will help SASB to navigate this evolving landscape.”
Druckman added: “I have followed SASB’s work for some time now and see it as a practical tool to implement the kind of integrated thinking and reporting I have long championed.
“I look forward to helping guide SASB at a pivotal point for the sustainability disclosure field, as companies, investors, and regulators are increasingly focused on the information needed to support long-term value creation.”
