Janine Guillot was named director of capital markets policy and outreach by the Sustainability Accounting Standards Board.
The position is new.
Ms. Guillot said in an interview she will work with both institutional investors and public companies to help finalize sustainability standards for companies across 10 different sectors. While SASB has developed provisional standards for companies, she said they have not been finalized.
Ms Guillot said the final standards will be able to be used by institutional investors to engage companies on their sustainability practices and how they relate to the company’s financial health. No timetable has been set for the final standards to be implemented, she said.
Previously, Ms. Guillot served as the chief operating investment officer of the $288.1 billion California Public Employees' Retirement System, Sacramento. She was replaced by Wylie A. Tollette in February 2014.