NASDAQ OMX Joins Advisory Council Of The Sustainability Accounting Standards Board (SASB)

The NASDAQ OMX Group (Nasdaq:NDAQ) today announced it has joined the Advisory Council of the Sustainability Accounting Standards Board (SASB), a 501(c) 3 non-profit organization. SASB provides industry-specific sustainability accounting standards for use by publicly-listed corporations in the U.S. in disclosing material sustainability issues for the benefit of investors and the public.

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The invitation to join the Advisory Council recognizes NASDAQ OMX's commitment to sustainable business virtues and public support of the SASB methodology. Evan Harvey, Managing Director of Corporate Sustainability, will represent NASDAQ OMX on the SASB Council.

"In our quest to provide a fair, open and efficient market, we advocate for more standardized disclosure of material sustainability issues," said Harvey. "SASB will help us immeasurably in this goal."

"SASB is thrilled to welcome NASDAQ OMX to its advisory council," said Jean Rogers, Executive Director and Founder of SASB. "NASDAQ is committed to helping the next generation of CEOs, CFOs, and CSOs treat sustainability initiatives as the typical way of doing business. SASB's approach to set sustainability accounting standards for more than 80 industries aligns with this mission."

SASB issued its first set of standards for the health care sector on July 31, 2013.