The independent Standards Council—composed of experts in standards development, securities law, environmental law, metrics and accounting—oversees the development of SASB’s sustainability accounting standards. In an important independent overseer role, the Council reviews due process and quality of outcomes and ensures compliance of the standards setting process with American National Standards Institute (ANSI) guidance and SASB principles. Through working closely with SASB staff, the Council ensures that a robust and industry-focused set of standards are developed in a transparent multi-stakeholder process.
The Initiative for Responsible Investment at Harvard played a key role in the development of the Standards Council, which convenes quarterly. Reports from the Standards Council to SASB are published on our website under the Sectors tab. Reports from SASB to the Standards Council, which contain a summary of feedback received and SASB’s responses, are also available under the Sectors tab.
SASB is accepting nominations for open seats on the Standards Council. Participation involves attendance and preparation for quarterly videoconference meetings. To nominate an individual, please email a short bio and rationale for the nomination to the Standards Council Chairman Jeffrey Hales (Jeff.Hales@scheller.gatech.edu).
Standards Council Members:
Donna Coallier provides valuation and financial reporting advice to her clients, focusing on strategic value analytics. She is well versed in M&A, joint ventures, and other transactions as well as value analytics covering topics such as capital and funding decisions and sustainability valuation. Donna also leads the national Retail & Consumer and Sustainability practices for the valuation group. She provides quality, real-time advice on the impact of complex value drivers while helping clients to build corporate finance discipline into their decision processes.
Donna brings unique experience gained during several years in PwC’s National Risk & Quality group, and as a Professional Accounting Fellow in the Office of the Chief Accountant at the Securities & Exchange Commission. She has a distinctive approach and perspective in dealing with a variety of public company reporting matters as well as an understanding of the influence of the SEC staff and other related regulators and standard setters. Prior to her national role and fellowship appointment, Donna worked with PwC’s New York audit practice, with large and small clients in a variety of industries.
Jim Coburn, JD
Senior Manager, Investor Programs
Jim Coburn is an attorney at Ceres, where he directs efforts to improve mandatory disclosure of environmental risks and opportunities by corporations. He has collaborated with investors since 2003 to improve climate change disclosure in financial filings, leading to SEC interpretive guidance on the subject in February 2010. He has also worked with investors to ask for environmental disclosure guidance from Canadian securities regulators, which was issued in October 2010. He has developed several reports evaluating companies’ governance, performance and reporting related to climate change, and is co-author of Disclosing Climate Risks & Opportunities in SEC Filings: A Guide for Corporate Executives, Attorneys & Directors. Jim earned his law degree from Boston College Law School and BA in Government from Cornell University.
Christine Ervin has led innovative collaborations to accelerate green markets for more than twenty years.
As the first President and CEO of the U.S. Green Buildings Council, she led its evolution from a start-up organization to a coalition of industry leaders transforming the way buildings are designed, built and operated in the U.S. and abroad. Over her tenure, the Council launched and cemented acclaim for the LEED standard and Greenbuild conference and expo. As Assistant Secretary of Energy for President Clinton, she directed $1 billion in annual investments for clean technologies. Initiatives ranged from partnerships to leverage private sector investments and the EPA-DOE ENERGY STAR partnership. Previously, she directed the Oregon Department of Energy.
Christine serves on fiduciary and advisory boards for venture capital firms, start-up companies, national advocacy efforts and third party certification programs.
Vice President – Investor Initiatives
Chris Fowle is the VP of Investor Initiatives for CDP in North America. He is responsible for managing relationships with approximately 200 investor signatories across CDP’s Climate, Water, Forests & Carbon Action programs. The data collected by CDP on behalf of the investment community raises awareness of the environmental risks within investors’ portfolios and better equips them to engage with companies on these risks to protect shareholder value. Chris’ background is on Wall Street, where he worked in Fixed Income in New York & Tokyo for big banks like JPMorgan, Deutsche Bank and Lehman Brothers (pre- and post-bankruptcy). Recently Chris has combined his passion for the environment with his capital markets experience in the for- and non-profit environmental markets via program & project work at Rainforest Alliance and Terra Global Capital. Chris holds a B.B.A. in Finance from the College of William & Mary in Virginia and an MBA from Columbia Business School.
Jeffrey Hales, PhD, Standards Council Chairman
Georgia Institute of Technology – Ernest Scheller Jr. College of Business
Jeffrey Hales teaches at the Georgia Institute of Technology, where he is an associate professor of accounting in the Ernest Scheller Jr. College of Business. He is a graduate of the accounting program at Brigham Young University and received his Ph.D. from Cornell University. During the 2009-10 academic year, he was a research fellow at the Financial Accounting Standards Board (FASB) in Norwalk, CT. He was a visiting associate professor at INSEAD in Fontainebleau, France and sits on the advisory board of the Financial Accounting Standards Research Initiative (FASRI).
His research interests center on accounting standard setting and regulation, individual decision making, and behavioral finance. His research has appeared in the Journal of Accounting Research, the Accounting Review and the Journal of Accounting and Economics, among others.
Precourt Institute for Energy, Stanford University
Stefan is a Consulting Professor at the Precourt Institute for Energy at Stanford University, teaching courses and conducting research on innovation, energy, and resource economics. He directs the Energy Transformation Collaborative (ETC) a new program applying the talent of the Stanford community and Silicon Valley to develop and deploy novel solutions to the world’s most vexing energy problems. Through specially-designed year-long curricula, students, faculty, industry practitioners, and policy-makers work together to design and launch innovative projects that can be scaled and replicated. Stefan is also a research fellow at the Steyer Taylor Center at the Stanford business and law school, and an angel investor in disruptive technology companies.
Previously he was a Director (senior partner) at McKinsey and co-founded and led the Cleantech and Sustainability practice, a practice of over $200m revenue. Stefan has worked extensively with Global 100 technology, industrial, infrastructure, building systems, retail, utility and energy companies across the US, China, Korea, Japan, India, and Europe. He has counseled top executives of new businesses on disruptive technologies, scaling, and globalization. He has also served a number of national and city governments both in the US and Asia on industrial and technology policy and growth.
Stefan previously led McKinsey’s Global Semiconductor Practice.
Stefan is on the Innovation Advisory Board of United Technologies, the board of the Biomimicry Institute, the advisory boards of New World Capital, Chrysalix Energy Venture Capital, and the School of Earth Sciences at Stanford.
Stefan received his Ph.D. in Cognitive Science from UCSD and a B.S. with honors in Symbolic Systems from Stanford University. His research focused on neural networks.
Director of Sustainability – Retired
McKinsey & Company
Tom Kiely retired from McKinsey & Company in January 2013, where he served as the firm’s Director of Sustainability. He was responsible for overseeing McKinsey’s environmental and carbon abatement activities and for managing emissions and CSR measurement and reporting. Also, as a senior member of McKinsey’s global communications group, Tom helped lead research and collaboration related to the role of business in society and sustainable capitalism, and shaped the firm’s communications in these areas. Prior to McKinsey, which he joined in 2000, Tom was Director of Intellectual Capital Marketing at Viant, Global Marketing Director for Authorship at Deloitte Consulting and an editor at the Harvard Business Review. He began his working career as a business journalist. In retirement, Tom continues to work on projects related to sustainability, sustainable capitalism and the role of business in society.
Gayle S. Koch
Co-founder & Principal
Axlor Consulting LLC
Gayle Koch is co-founder and principal of Axlor Consulting LLC. She has over 25 years of consulting experience focused largely on environmental, product liability, technology and insurance related issues. Ms. Koch has worked extensively in the evaluation of environmental damages. She has served as an expert on cases involving liability estimation, allocation and cost recovery. She has experience in the estimation of environmental and product liabilities in connection with settlements, insurance claims and acquisitions. She has also worked on the evaluation of new technologies and market opportunities created by environmental regulations or changing markets.
Ms. Koch holds a B.S. in Chemical Engineering and a B.S. in Humanities and Engineering (in the Science, Technology and Society Program) from the Massachusetts Institute of Technology, and an M.S. in Management Science (concentrations in applied economics, corporate strategy, and management of technological innovation) from the Sloan School of Management, M.I.T.
Vice President – Sustainable Investing
Harvard Management Company, Inc.
Jameela Pedicini joined Harvard Management Company (HMC) as Vice President, Sustainable Investing in 2013. In this role, Ms. Pedicini leads HMC’s sustainable investment work and oversees the integration of environmental, social, and governance (ESG) factors across the endowment portfolio.
Ms. Pedicini was previously an Investment Officer in the CalPERS Global Governance Program. She lead the integration of ESG factors in investment decision making across the total fund and contributed to CalPERS’ corporate engagement initiatives.
Prior to joining CalPERS, Ms. Pedicini worked at the UN-supported Principles for Responsible Investment where she developed and facilitated collaborative investor engagements on social issues. She has a background in ESG research. Ms. Pedicini holds an MPhil in Comparative Social Policy from the University of Oxford, MSc from the University of Amsterdam, B.A. from Antioch University, and the CFA Society of the UK, Investment Management Certificate.
Paul, Weiss, Rifkind, Wharton & Garrison, LLP
Walter Ricciardi is a partner in the Securities Litigation and Enforcement Group at Paul, Weiss, Rifkind, Wharton & Garrison. Mr. Ricciardi represents clients before the U.S. Securities and Exchange Commission (SEC) and other regulatory authorities. Prior to joining the firm in 2008, Mr. Ricciardi was the Deputy Director of the SEC’s Enforcement Division. Before going to the SEC, Mr. Ricciardi spent 20 years with PwC, where he was charged with defending the firm’s litigation and regulatory matters and served on its U.S. and global boards. Also, Mr. Ricciardi is a member of the Standing Advisory Group of the Public Company Accounting Oversight Board and an adjunct professor at New York University School of Law, where he teaches a seminar on SEC enforcement issues.
Patricia Farrar-Rivas, CIMA, CIS
Veris Wealth Partners
Patricia is a founding principal, CEO and Chief Compliance Officer of Veris Wealth Partners. She has been providing investment advisory and wealth management services since 1992. Patricia is a principal consultant to the Envestnet Sustainability Platform and a member of the Envestnet Advisory Board. Prior to Veris, Patricia was with Silicon Valley-based public accounting firm, Frank, Rimerman + Co.
Patricia is an active board member of As You Sow, a nonprofit organization promoting corporate responsibility through shareholder advocacy, grant making, and innovative legal strategies. She lives with her family in San Francisco.
Elizabeth Seeger joined Kohlberg Kravis Roberts & Co (KKR) in 2009 to help oversee the management of environmental and social responsibility issues and opportunities across KKR’s portfolio, including through KKR’s Green Portfolio Program. Elizabeth was previously a Project Manager in the Corporate Partnerships Program of Environmental Defense Fund (EDF). Prior to EDF, Elizabeth was a consultant with the Corporate Executive Board, where she advised companies across a broad range of industries in Europe and the United States. Before CEB, Elizabeth was an Associate at the Environmental Law Institute, a non-profit organization focused on environmental law and policy research and education. Elizabeth has more than 10 years of experience working on corporate environmental and social issues and earned a B.A. with honors from the University of Chicago and an M.B.A. from the Wharton School of the University of Pennsylvania.
Executive Director, Talent Analytics
Jeremy is an Executive Director at Morgan Stanley focusing on maximizing human capital (employees) through analytics. He is the co-author of Competing on Talent Analytics, Harvard Business Review’s October, 2010 cover story and co-author of the book Ultimate Performance. He leads an American National Standard taskforce developing standard measures and metrics for talent and human capital topics. Prior to Morgan Stanley, Jeremy spent 15 years at the Omnicom Group consulting top companies globally on talent measurement and systems.
Andrew Park, JD, PhD – Observer: Legal Counsel & Secretary
Andrew Park is a Sustainability Manager in Bloomberg’s Global Sustainability group. Reporting to the Chairman’s Office, the team aggressively integrates sustainability considerations into all operations and co-develops products and services for the Bloomberg Professional Service, enabling clients to evaluate sustainability market risks and opportunities.
Andrew manages special projects to develop cross-platform sustainability content and business strategies for multiple Bloomberg industry vertical groups. He is also charged with developing and managing NGO relationships to support the company’s sustainability agenda and find collaborative potential between the business and its corporate philanthropy.
Andrew holds a D.Phil. from Oxford University in Comparative Social Policy where he was a Rhodes Scholar, a law degree from the Yale Law School where he was a Soros Fellow, and a degree in Economics from Harvard University.
Portfolio Manager – Infrastructure and Forestland Group
Beth Richtman is a Portfolio Manager at CalPERS focused on Asset Management for the Infrastructure and Forestland Group (IFG) in Real Assets. Beth also works as part of the CalPERS Global Governance program for which she leads the Cross-Asset Class Sustainable Investment Team focused on Environmental, Social and Governance (ESG) integration across the Total Fund and coordinates the Global Peer Exchange responsible investor network. Beth joined CalPERS in December 2012. Prior to CalPERS, Beth worked for over 5 years in Business Development for the renewable energy power producer, Enel Green Power North America, playing a key role in the company’s growth from 400 MW to over 1600 MW through acquisitions and investments in wind, solar and geothermal power plants. Additionally, while at Enel and in her free time, Beth developed and taught a 16-week online Sustainable Business course to a group of international and interdisciplinary (biology, engineering and design) students for a non-profit. Beth has an M.B.A. from Columbia Business School, where she received a Social Venture Internship Fund Fellowship for the strategy work she did for a biomimicry focused sustainable innovation firm, and a B.S. in Science, Technology and Society from Stanford University.
Ex-officio member of the Standards Council
Dr. Jean Rogers has 20 years’ experience in sustainability and management consulting across a wide variety of industries, working with clients to integrate sustainability into strategy and operations in order to reduce risk and improve performance across the triple bottom line. Jean’s leadership experience includes 10 years as a Principal at Arup, a global consultancy focused on sustainable development, working with leading clients in the government, utilities, infrastructure, manufacturing, healthcare, and real estate sectors in the US, Europe, and Asia. She has particular expertise in developing metrics for measurement of sustainability performance, having worked with the Global Reporting Initiative on development of the G3 corporate sustainability reporting guidelines, and partnering with the Initiative for Responsible Investment at Harvard University to develop a method for assessing the materiality of sustainability issues by sector, as a basis for identifying key performance indicators and opportunities for improved competitiveness.
Prior to Arup, Jean was a management consultant at Deloitte, working in the environmental and manufacturing practices to help leading companies improve business and product performance through sustainability.
Dr. Rogers is a former Loeb Fellow at Harvard University who has authored multiple publications and won several awards. Dr. Jean Rogers holds a PhD in Environmental Engineering from the Illinois Institute of Technology, and an ME in Environmental Engineering and a BE in Civil Engineering, both from Manhattan College. Jean is based in the Bay Area, where she lives with her husband and daughter.
Derry Allen – Observer: Technical Advisor
Counselor, Office of Environmental Policy Innovation
Standards Council Subcommittee
The purpose of the Subcommittee is to help the SASB Standards Council in ensuring that SASB fulfills its mandate of producing decision-useful and cost beneficial metrics to measure corporate performance. The Subcommittee reviews a representative sample of SASB sustainability accounting metrics and assesses their quality, making sure that the standards are decision-useful and cost-beneficial for strategic and financial analysis.
BRUNO BERTOCCI - Managing Director and Global Equity Portfolio Manager at UBS
DEREK BINGHAM - Vice President at Goldman Sachs, GS Sustain
STEVE LYDENBERG - Chief Investment Officer for Domini Social Investments LLC, Adjunct Lecturer in Public Policy at Harvard Kennedy School
BARBARA POMFRET - Senior Environmental, Social and Governance (ESG) analyst at Bloomberg Industries
CHAD SPITLER - Global Chief Operating Officer for the Corporate Governance & Responsible Investment Team at BlackRock
JOHN WILLIS - Portfolio Manager at SICM
VERITY CHEGAR - ESG Analyst at Allianz Global Investors