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Sustainability Accounting Standards Board (SASB) board member Kurt Kuehn is the former CFO of United Parcel Service of America. Climate change was a primary catalyst for the push for companies to be more transparent about managing environment mental, social, and governance (ESG) issues and other nonfinancial risks. SASB’s mission is to provide information in a format that the financial community can use to understand prevailing ESG issues and make good long term investment decisions, he says. Even when companies do disclose material risks, they may find that they rank high on one rating company’s ESG index.
