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Learn more about the Sustainability Accounting Standards Board.
About
The Sustainability Accounting Standards Board (SASB) provides industry-specific sustainability accounting standards. These standards help businesses disclose financially material sustainability information to investors, facilitating better understanding of companies' performance in ESG areas.
The Sustainability Accounting Standards Board (SASB) was established to simplify and standardize the reporting language of sustainability efforts. Its standards focus on sustainability factors likely to affect the financial condition or operating performance of companies across different industries. The SASB Standards are integral in helping companies identify sustainability-related risks and opportunities and in providing industry-specific, investor-relevant metrics.
02
Scope
SASB Standards target 77 different industries, identifying disclosure topics likely to be relevant within each. They include a set of focused, mostly quantitative metrics to capture performance on each topic, thus aiding investors in making informed decisions about a company’s value.
03
Methodology
The methodology of SASB Standards involves a detailed framework that includes disclosure topics specific to each industry, alongside standardized quantitative and qualitative metrics. The standards also encompass technical protocols, which offer guidance on the definitions, scope, implementation, and presentation of metrics to ensure consistency and comparability across companies.
04
Impact
SASB Standards are designed to provide consistent and comparable disclosures that meet investor needs. They serve as a foundational building block for global sustainability standards, influencing frameworks like the ISSB’s IFRS Sustainability Disclosure Standards. By aligning reporting to SASB Standards, companies are well positioned to apply IFRS Sustainability Disclosure Standards effectively.
05
Key Requirements
Companies using SASB Standards should refer to the Sustainable Industry Classification System® (SICS®) to determine their relevant industry standards. They need to identify applicable disclosure topics and metrics for their specific industry, considering their unique business models and sustainability profiles. The Standards serve as a guide, not as an exhaustive list or limitation on what a company should disclose regarding sustainability.
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