Conceptual Framework

SASB’s Conceptual Framework [PDF] is a foundational document that has guided SASB’s provisional standards development process and explains the concepts and definitions relevant to SASB’s work. The framework has been essential to fulfilling SASB’s goal of developing standards that are decision-useful, cost-effective, comparable, and verifiable.

 

Public Comment Period

As SASB’s provisional standard-setting work nears completion and it turns its focus to the codification and ongoing maintenance of the standards, SASB is updating its Conceptual Framework accordingly. An exposure draft of the revised Conceptual Framework is available on the SASB Public Comment Portal, along with a second governance document, the Rules of Procedure, and proposed amendments to the SICS industry classification system. SASB welcomes feedback on all three documents throughout the 90 day public comment period.

 

Similarly, SASB invited individuals and organizations to comment on an exposure draft of the original Conceptual Framework. The objective of the public consultation was to develop an improved Conceptual Framework that provides a sound foundation for the development of SASB’s sustainability accounting standards. The end of the 45-day comment period on SASB’s original Conceptual Framework was July 27, 2013. Review the comments on the exposure draft along with SASB’s responses.