Sustainability Risk is Investment Risk
In her Making Sustainability Disclosures Sustainable article, Prof. Jill E. Fisch proposes creating a Sustainability Discussion and Analysis (SD&A) section to expressly obligate reporting companies to disclose their three most significant sustainability issues in annual reports to the U.S. Securities and Exchange Commission (SEC). Professor Fisch posits that the proposed SD&A, as a workable first step in mandating sustainability disclosures, would provide comparability and reliability to reports that are currently difficult to compare and which may vary in reliability.