Post by account_disabled on Mar 2, 2024 22:44:49 GMT -5
SASB standards for our industry, we found out that there was some alignment with what we were already reporting, but that the SASB standards really asked us to go deeper." The SASB standards are of particular interest to our investors, and as a publicly traded company, our investors are an important stakeholder for us. For example, the company already was revealing information about so-called dual agency transactions — in which the company represents both the owner and the buyer or lessor of a property — to surface the potential for conflicts of interest underlying such transactions.
The SASB standards would have required CBRE to calculate the amount of revenue it generated via such dual-agency deals. That additional specificity and detail, though, weren’t the main hurdles to adoption. "When I started talking about SASB internally, it really was kind of a non-starter," Leitsch said. "Because SASB was really BTC Number Data emphasizing putting the information in the -K, it was pretty much killing any conversation I was trying to have." That was partly because even though CBRE had been reporting the sustainability data for more than a decade, it hadn’t been audited like the financial data disclosed in a typical -K, the annual financial report US.
regulators require publicly traded companies to file. So while CBRE did disclose data under SASB guidelines, those disclosures were not included in its annual financial report. Getting over the hurdles The kind of verification auditing provides is a key principle, GRI’s Hespenheide said: "If I’m going to make a materially impactful financial decision based on that information [provided by a company], I’d like to know that it can be verified and that others would stand behind it.
The SASB standards would have required CBRE to calculate the amount of revenue it generated via such dual-agency deals. That additional specificity and detail, though, weren’t the main hurdles to adoption. "When I started talking about SASB internally, it really was kind of a non-starter," Leitsch said. "Because SASB was really BTC Number Data emphasizing putting the information in the -K, it was pretty much killing any conversation I was trying to have." That was partly because even though CBRE had been reporting the sustainability data for more than a decade, it hadn’t been audited like the financial data disclosed in a typical -K, the annual financial report US.
regulators require publicly traded companies to file. So while CBRE did disclose data under SASB guidelines, those disclosures were not included in its annual financial report. Getting over the hurdles The kind of verification auditing provides is a key principle, GRI’s Hespenheide said: "If I’m going to make a materially impactful financial decision based on that information [provided by a company], I’d like to know that it can be verified and that others would stand behind it.