Financial Accounting Standards Board
The Financial Accounting Standards Board (FASB), headquartered in the United States, plays a pivotal role in the accounting industry by establishing and improving financial accounting and reporting standards. Founded in 1973, FASB has significantly influenced the landscape of financial reporting through its commitment to transparency and consistency in financial statements. Operating primarily in the US, FASB's core services include the development of Generally Accepted Accounting Principles (GAAP) and the issuance of accounting standards updates. These initiatives ensure that financial information is relevant and reliable for investors and stakeholders. FASB's unique approach to standard-setting, which involves extensive public input and collaboration with various stakeholders, has solidified its position as a leader in the field. Notable achievements include the convergence of US GAAP with International Financial Reporting Standards (IFRS), enhancing global comparability in financial reporting.
DitchCarbon Score
How does Financial Accounting Standards Board's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Financial Accounting Standards Board's score of 23 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Financial Accounting Standards Board's reported carbon emissions
The Financial Accounting Standards Board (FASB), headquartered in the US, currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the organisation. As such, FASB has not established any significant climate commitments or initiatives aimed at reducing carbon emissions. Without emissions data or reduction targets, it is unclear how FASB is addressing climate-related issues within its operational framework. In the context of industry standards, the lack of emissions reporting and climate commitments may reflect a broader trend among certain organisations in the financial sector, where climate action is increasingly becoming a priority. However, without specific data or initiatives, FASB's position on climate commitments remains undefined.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Financial Accounting Standards Board is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
