GSES System Is integrating the SASB standards from 2021 in procurement processes and ratings of their existing clients. By integrating the SASB Standards and SICS industry classifications in the GSES System, the GSES can incorporate a lens of the industry specific ESG topics to implement financial performance in its ratings and also serve investors and pension funds.
“We are glad to welcome GSES System as a SASB licensee. By integrating the SASB Standards and SICS® industry classifications in its platform, GSES System can incorporate a lens of the industry-specific ESG topics most likely to impact financial performance into its ratings,” says Nicolai Lundy, SASB’s Director of Partnerships & Market Outreach.
“Now the GSES System licenses and applies the SASB Standards in the GSES platform we are soon introducing a special role within the system for pension funds and investors and also digitalize the SASB standards. Also the current GSES System users also can use SASB Standards in the system for procurement ratings, asset ratings and investment ratings. SASB is serving investors and financial institutions like J.P. Morgan Asset Management, Blackrock, Goldman Sachs Asset Management, Rockefeller Capital Management and the European Investment Bank so off course we are very proud to partner up with an institution like SASB and we look forward to an impactful collaboration.” Thus Kelly Ruigrok, CEO of the GSES System.
GSES System (Global Sustainable Enterprise System)
GSES System (Global Sustainable Enterprise System) connects businesses and public organizations to buyers and suppliers on all facets of sustainability. The mission of GSES System is to help organizations around the world manage, monitor and report on the sustainability topics that matter most to the intrinsic values of the organization and their buyers/clients.
GSES System is a start up founded in the Netherlands, that is now serving SME companies, Corporates and public organizations like ABN Amro, Unive, Heerema Marine Contractors, Provincie Gelderland etcetera. With GSES System organizations manage their sustainable procurement processes, corporate governance and company and product certificates based on 9 sustainability standards that aim to unify every standard or certificate on sustainability topics.
SASB (Sustainability Accounting Standards Board)
SASB connects businesses and investors on the financial impacts of sustainability. The mission of SASB is to help businesses around the world identify, manage and report on the sustainability topics that matter most to their investors. SASB developed 77 sets of industry-specific standards, SASB’s industry standards include disclosure topics and related accounting metrics (to have KPIs to measure the company’s performance). SASB is serving investors and financial institutions like J.P. Morgan Asset Management, Blackrock, Goldman Sachs Asset Management, Rockefeller Capital Management and the European Investment Bank with their standards.