Month: June 2023

June 26, 2023 /3BL/ – Ceres welcomes the announcement today that the International Sustainability Standards Board (ISSB) has finalized its first two sets of reporting standards, one for general sustainability and the other for climate-related reporting. The standards, which will take effect in January 2024, establish a global baseline for corporate reporting on climate and sustainability risks and opportunities.

“The ISSB standards address the urgent need for a global baseline for measuring and evaluating climate and sustainability risks,” said Ceres CEO and President Mindy Lubber. “Sustainability factors are a vital consideration in investment decision-making. We congratulate the ISSB for their leadership in taking on the ambitious task of streamlining the reporting of those factors and encourage nations to swiftly adopt these standards.”

The finalized standards are designed to complement the International Financial Reporting Standards (IFRS) Accounting Standards, used by 167 countries worldwide. Ceres encourages governments to adopt the ISSB standards, in order to establish a consistent and comprehensive global baseline for disclosure that benefits investors, stakeholders, and companies.

The standards include features that provide essential information for investors and appropriate, selective relief to companies. This includes:

Industry-based guidance based on the SASB Standards, which provide metrics for disclosure of the sustainability issues most relevant to financial performance and enterprise value for 77 industries.Incorporating the Taskforce on Climate-related Financial Disclosures (TCFD) recommendationsRequiring disclosure, where material, of any transition plans that are in place, climate resilience and Scopes 1-3 emissionsRequiring disclosure aligned with the GHG Protocol, the leading emissions disclosure standard worldwideProviding relief for Scope 3 disclosure, including a temporary disclosure exemption and a Scope 3 measurement framework for that incorporates the use of estimation

“The market needs standardized climate information to illuminate the risks and opportunities for companies operating today and ensure they remain resilient in the future. The ISSB’s standards are an important mark of progress; now, securities regulators around the world need to implement these best-in-class standards to supply investors with decision-useful disclosures,” Lubber added.

Ceres has worked for decades to improve sustainability disclosure for a wide range of stakeholders including investors. Ceres co-founded the Global Reporting Initiative, the leading reporting standard for impact reporting. Members of the Ceres Investor Network and other investors have advocated for improved climate risk disclosure in U.S. financial filings since 2003. Ceres has also collaborated with the Climate Disclosure Standards Board, SASB, the International Integrated Reporting Council, and the TCFD to improve disclosure and is pleased to see their work incorporated in the ISSB’s standards.

About Ceres 

Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. Through our powerful networks and global collaborations of investors, companies and nonprofits, we drive action and inspire equitable market-based and policy solutions throughout the economy to build a just and sustainable future. For more information, visit ceres.org and follow @CeresNews.

Media Contact: Diane May, dmay@ceres.org, 617-247-0700 ext. 220

Often seen as the unofficial start of the Short North Arts District in Columbus, Ohio, the corner of Goodale Boulevard and High Street is more than an iconic intersection. Each June, it marks the return of the Stonewall Columbus Pride March to the neighborhood and serves as the home of Pride on High, an annual event that raises thousands for local LGBTQ+ youth initiatives.

“Pride on High is the ultimate parade watching experience,” said Mike Maly, founder of Pride on High and senior manager of corporate real estate and facility services at Bread Financial. “We have shade, restrooms, food, beverages, live commentary and celebrity judges.”

Pride on High is the ultimate parade watching experience. We have shade, restrooms, food, beverages, live commentary and celebrity judges.”

Mike Maly – Sr. Manager, Corporate Real Estate & Facility Services, Bread Financial

Pride on High has grown from a table for two on an empty patio in 2010 to an event that welcomed more than 750 guests and raised nearly $70,000 during this year’s Pride March on Saturday, June 17. Having raised more than $600,000 in 14 years, organizers donated proceeds from the 2023 event to Stonewall Columbus, Kaleidoscope Youth Center, Equitas Health Mozaic Project and the Columbus College of Art & Design’s LGBTQ+Scholarship Fund.

“Years ago, my husband Greg and I went to watch the parade, and we noticed that a normally busy city block was completely closed,” said Mike. “We found a table to watch the parade, and the following Monday, we asked the restaurant if they would consider opening their doors next year – that’s how Pride on High was born. The decision to add a community component was easy, because I don’t want kids today to go through what Greg and I did. I want to make things better for our youth, and for everyone.”

The decision to add a community component was easy, because I don’t want kids today to go through what Greg and I did. I want to make things better for our youth, and for everyone.” 

Mike Maly – Sr. Manager, Corporate Real Estate & Facility Services, Bread Financial

Planning events is nothing new for Mike who, in his role with Bread Financial, oversees all facilities and ensures associates have an equitable experience, regardless of where they work. Recently, his team helped coordinate the addition of Pride flags at all Bread Financial locations.

Mike says that being an openly gay man leading a facilities team is rare, but he wants his team to know what his life is like. To him, a job well done is helping people think differently and be more kind, and he prioritizes candid dialogue and the sharing of knowledge. Outside of his role, he also participates in three of the company’s Business Resource Groups (BRGs), either as a member of the group or as an ally, so he can continue to learn about different backgrounds, cultures and experiences.

“If you don’t listen, how can you learn?” he said. “The groups [BRGs represent] don’t have a voice in many parts of the world. You never know what areas someone might be able to help you in one day, or what resources or talent they have unless you take the time to find out. I love the direction that we’re headed in with DE&I at Bread Financial – it helps us understand one another and enables us to be better.”

I love the direction that we’re headed in with DE&I at Bread Financial – it helps us understand one another and enables us to be better.”

Mike Maly – Sr. Manager, Corporate Real Estate & Facility Services, Bread Financial

This past Saturday, Bread Financial served as a sponsor of both the parade and Pride on High, and as associates marched down High Street, they showed their support for both the LGBTQ+ community and their colleague, who turned an empty patio into a celebration of kindness.

“I spent so much of my life not being who I am and I moved to Columbus to be me,” Mike said. “Pride isn’t about showing people how different you are – it’s about lifting others up and not repeating hatred. We need to look through the eyes of others before we judge and act. You’ll find yourself to be a much happier person.”

I spent so much of my life not being who I am and I moved to Columbus to be me. Pride isn’t about showing people how different you are – it’s about lifting others up and not repeating hatred. We need to look through the eyes of others before we judge and act. You’ll find yourself to be a much happier person.”

Mike Maly – Sr. Manager, Corporate Real Estate & Facility Services, Bread Financial

About Bread Financial 
Bread FinancialTM (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive product suite, including private label and co-brand credit cards, installment lending, and buy now, pay later (BNPL). Bread Financial also offers direct-to-consumer solutions that give customers more access, choice and freedom through its branded Bread CashbackTM American Express® Credit Card and Bread SavingsTM products.

Headquartered in Columbus, Ohio, Bread Financial is powered by its 7,500+ global associates and is committed to sustainable business practices. To learn more about Bread Financial, visit BreadFinancial.com or follow us on Facebook, LinkedIn, Twitter and Instagram.

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