In our Talking ESG podcast series, we give an end-to-end look at what it takes to build effective ESG reporting in today’s environment. From investor to stakeholder expectations, from global frameworks to data, process, and controls—there’s something in it for everyone.

This week Heather Horn sat down with Brigham McNaughton, a managing director in PwC’s ESG practice, to discuss ESG reporting with a focus on the standards of the Sustainability Accounting Standards Board (SASB).

Topics include:

• 2:34 - Scope. SASB standards address disclosures for 77 industries and include over 1,000 metrics. Brigham and Heather discuss the scope of these disclosures and how the SASB has evolved over the years.
• 11:48 - How’d we get here? Nearly 1,200 companies worldwide apply SASB standards. Brigham walks listeners through the SASB’s history and some considerations around adoption.
• 18:56 - Planning to adopt. Despite the plethora of metrics and industry standards, adoption shouldn’t be daunting. Brigham and Heather discuss the steps that companies should take if they plan on adopting SASB standards.
• 24:23 - What about materiality? Assessing materiality for ESG-related topics differs from financial reporting. Brigham gives listeners helpful background information on how to think about materiality for non-financial disclosures.
• 31:19 - Advice for listeners. Brigham and Heather discuss some practical advice for those adopting or planning to adopt elements of the SASB framework. Brigham provides his perspective on what the future holds for climate-related disclosures.

Want to learn more?

• Listen to our previous podcasts in this series, Talking ESG: Leveraging TCFD for climate-related disclosures, Talking ESG: How SEC proposals may shape future reporting, Talking ESG: A focus on the Global Reporting Initiative, and Talking ESG: How new EU rules may impact your reporting.

Brigham McNaughton is a managing director in PwC’s ESG practice. He has served global clients in a range of industries including utilities, automotive, and financial services, advising on core ESG strategy development and stakeholder engagement. Brigham has worked closely with the Sustainability Accounting Standards Board (SASB) on a variety of reporting initiatives.

Heather Horn is a Deputy Chief Accountant in PwC’s National Office and leader of the thought leadership group, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to [email protected].

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