As part of the SEC's revision of Regulation S-K, many investors proposed the mandatory disclosure of sustainability … regarding which sustainability disclosures are financially material. To inform this issue, we examine materiality standards … developed by the Sustainability Accounting Standards Board (SASB). We find firms voluntarily disclosing more SASB …

Shareholder activism on sustainability issues has become increasingly prevalent over the years, with the number of … increase performance on immaterial issues in companies with agency problems, low awareness of the materiality of sustainability …