What evolving sustainability regulation means to finance

Financial Management (FM) magazine

Sustainability has become a prominent topic of discussion in business, but it can mean different things to different people. Jeffrey Hales, Ph.D., professor of accounting at the University of Texas at Austin and chairman of the Sustainability Accounting Standards Board (SASB), explains what it means to management accountants. As SASB chair, Hales heads efforts to set standards for how companies should account for sustainability issues that represent likely financially material risks and opportunities within industries.

This is the first in a series of episodes that explore how the finance function can drive sustainable business success and account for environmental, social, and governance (ESG) issues.