Yesterday, SASB published this 10-page “Human Capital Bulletin” — which summarizes elements of SASB standards that can help companies prepare human capital disclosure as required by the recent amendments to Reg S-K. Here’s what it includes:
- A list of SASB industry standards that contain topics and metrics related to human capital.
- An overview of selected human capital-related topics and metrics across all 77 SASB industry standards – specifically, standards on labor practices; employee health & safety; employee engagement, diversity & inclusion; and supply chain management
- A summary of SASB’s Human Capital Management Research Project, which has the objective of identifying opportunities for the SASB Standards to further account for human capital-related risks and opportunities
The new Human Capital Bulletin follows updates last week to this statement from the SASB Investor Advisory Group. The statement — which hadn’t been updated since the Investor Advisory Group was formed in 2016 — urges companies to include SASB-based disclosures in their ESG communications to investors and now emphasizes that other reporting standards and frameworks may complement SASB standards, but aren’t replacements for them. Also see this SASB press release.
For more tips on human capital disclosure, make sure to tune in to our upcoming webcast, “Modernizing Your Form 10-K: Incorporating Reg S-K Amendments,” on Tuesday, December 8th, 2020 at 11am Eastern (note, this is an earlier time of day than most of our webcasts). If you attend the the live version of this program, CLE credit is available in the following 10 states:
CA, FL, IL, NC, NJ, NY, PA, TX, VA, WA.
Members of this site are able to attend this critical webcast at no charge. If not yet a member, try a no-risk trial now. For this program, the webcast cost for non-members is discounted to $295 – which will count toward your 2021 membership rate should you decide to subscribe to TheCorporateCounsel.net before the end of this year.
-Liz Dunshee, TheCorporateCounsel.net November 24, 2020
