Dive Summary:
- Hershey has joined the advisory council of the Sustainability Accounting Standards Board (SASB), a newly formed non profit aiming to standardize and thus improve sustainability accounting across several industries.
- The SASB has tasked Hershey with developing these new standard accounting principles for the entire food and beverage industry.
- Hershey officials are honored by the appointment and are excited to begin work on the initiative. It will also allow them to audit their own sustainability at the same time.
From the article:
Camp said Hershey believed SASB has the potential to become the recognized reporting standard on sustainability issues.
“Since SASB is not taking a ‘one size fits all’ approach, but rather one that is tailored to meet the needs and unique aspects of each industry, we feel that this will ease adoption,” he said.
