GATINEAU, QC July 30, 2020 – FigBytes Inc., provider of the leading cloud-based integrated strategy, sustainability, and environmental, social and governance (ESG) software announced that it now licenses the Sustainability Accounting Standards Board (SASB) metrics, topics, and technical protocols, which are integrated within its sustainability and ESG management platform.
SASB standards serve as a valuable guide to creating long-term shareholder value for a company by integrating ESG data into their sustainability reporting and risk assessment processes, and by identifying improvement opportunities.
FigBytes CEO, Ted Dhillon said, “We are pleased to announce that we can now integrate the SASB standards in our integrated sustainability and ESG platform. ESG standards such as SASB and more recently TFCD have become important to understanding how companies are embedding ESG impacts into their operations and value creation practices.” He further added, “The FigBytes platform will now allow our customers to leverage the SASB framework to select metrics that are material to them, and then track performance against these metrics in a completely automated way. As operational data gets captured within FigBytes, the SASB reports and visuals of performance against targets will be automatically generated. This will help our customers to conduct ESG impact analysis, identify risks and areas of improvement, and ultimately enhance value creation.”
Jeff Cohen, the Director of Capital Markets Integration and Head of Private Investments Initiatives at SASB said, “Integration of SASB standards into platforms including FigBytes is very exciting and facilitates dynamic and interesting functionality, aiding companies in gleaning useful operational insights and disclosing information consistent with the SASB standards.”
About FigBytes Inc:
FigBytes is an all-in-one cloud-based platform that can be used for sustainability, ESG or CSR data collection, strategy-mapping to that data according to the sustainability goals, data management as well as data reporting in the form of beautiful visualizations instead of using disconnected tools. It has a stack of solutions ranging from data modules to engagement modules. It is a go-to platform to embed sustainability into the company’s strategy, brand, and performance. It has a fully integrated suite of sustainability modules with data-driven story-telling that can move a company beyond non-financial reporting. On top of being a technologically powerful platform, the solution is also supported by a services team that is consistently recognized for providing inimitable customer service, training, and support. The company is headquartered in Gatineau, Canada. To learn more about the FigBytes’ solutions, visit figbytes.com.
About Sustainability Accounting Standards Board (SASB):
SASB connects businesses and investors on the financial impacts of sustainability. SASB standards enable businesses around the world to identify, manage, and communicate financially material sustainability information to investors. SASB standards are industry-specific and are designed to be decision-useful for investors and cost-effective for companies. They are developed using a process that is evidence-based and market-informed. To download any of the 77 industry-specific standards, or learn more about SASB, please visit SASB.org.