Former Institute of Chartered Accountants in England and Wales (ICAEW) president Paul Druckman has been appointed to the Sustainability Accounting Standards Board’s governing board.
The appointment comes following SASB’s prioritisation of standard setting activities in the effort to achieve global applicability of its metrics.
As well as serving as president of the ICAEW, Druckman has also previously served as a board member for the UK’s Financial Reporting Council (FRC), as well as being chair of the Prince of Wales’ Accounting for Sustainability executive board.
In his aim to expand the accountancy profession to consider non-financial value drivers, Druckman founded the International Integrated Reporting Council and served as its first CEO.
He currently chairs the World Benchmarking Alliance and Clear Insurance Management, as well as chairing the FRC’s project on the Future of Corporate Reporting.
SASB Foundation Board chair Robert Steel said: "We are pleased to welcome Paul to the board. His expertise and background will be an asset to the organisation.
“Paul joins us at a time when the market is asking sustainability standard setters to work together and offer standards with the same robustness as financial reporting standards. Paul's background in both worlds will help SASB to navigate this evolving landscape."
Commenting on his appointment, Druckman said: “I have followed SASB's work for some time now and see it as a practical tool to implement the kind of integrated thinking and reporting I have long championed.
“I look forward to helping guide SASB at a pivotal point for the sustainability disclosure field, as companies, investors, and regulators are increasingly focused on the information needed to support long-term value creation."