
Similar to the Financial Accounting Standards Board - except focused on environmental, social, and governance issues—the SASB will establish an understanding of material sustainability risks and opportunities facing companies, and create industry-based key performance indicators suitable for disclosure in standard filings such as the Form 10-K. The SASB will address the unique needs of the US market, establishing standards for integrated reporting that are concise, comparable within an industry, and relevant to all 35,000 publicly listed companies in the US.
Investors
will benefit from a complete view of sustainability risks and opportunities facing companies, and access to comparable, material data that fully characterizes the potential for long term value creation.
Companies
will enjoy a cost-effective way to prepare an integrated report using the Form 10-K, and create sustainable value by managing performance on the most material issues.
The public
will benefit from improved transparency and competitiveness of US industry.
