NEW YORK, Sept. 25, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group (Nasdaq:NDAQ) today announced it has joined the Advisory Council of the Sustainability Accounting Standards Board (SASB), a 501(c) 3 non-profit organization. SASB provides industry-specific sustainability accounting standards for use by publicly-listed corporations in the U.S. in disclosing material sustainability issues for the benefit of investors and the public.
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The invitation to join the Advisory Council recognizes NASDAQ OMX's commitment to sustainable business virtues and public support of the SASB methodology. Evan Harvey, Managing Director of Corporate Sustainability, will represent NASDAQ OMX on the SASB Council.
"In our quest to provide a fair, open and efficient market, we advocate for more standardized disclosure of material sustainability issues," said Harvey. "SASB will help us immeasurably in this goal."
"SASB is thrilled to welcome NASDAQ OMX to its advisory council," said Jean Rogers, Executive Director and Founder of SASB. "NASDAQ is committed to helping the next generation of CEOs, CFOs, and CSOs treat sustainability initiatives as the typical way of doing business. SASB's approach to set sustainability accounting standards for more than 80 industries aligns with this mission."
SASB issued its first set of standards for the health care sector on July 31, 2013.
About NASDAQ OMX Group
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to over 3,300 listed companies worth more than $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
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CONTACT: NASDAQ OMX Media Contacts: Joe Christinat +1.646.441.5121 Joseph.Christinat@NASDAQOMX.com Joshua Machiz +18.104.22.16814 Joshua.Machiz@NASDAQOMX.com SASB Media Contact: Amanda Medress +1.415.830.9220 Amanda.Medress@sasb.org
Source:The NASDAQ OMX Group, Inc.