Financials

SASB’s provisions standards for the financials sector are developed via a multi-stakeholder process consisting of research supported by Bloomberg technology, data and analytical tools; balanced, multi-stakeholder industry working groups; and a public comment period; and review by an independent Standards Council composed of experts in standards development, securities law, environmental law, metrics and accounting. As SASB is committed to a transparent and open standards development process, this page contains documentation of the standards development process for this sector.

 

Financials Standards

The following document contains the Financials sector’s provisional standards produced via the standards development process.

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Financials Industry Briefs

SASB’s Industry Briefs provide an industry-specific context for the organization’s accounting standards. The briefs describe each sustainability topic and outline the evidence of materiality and the link to corporate valuation. In addition, the briefs describe the regulatory trends that are likely to impact the link between sustainability and financial performance.

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Financials Issues Table

The following table provides an overview of the disclosure topics for the seven industries in the Financials sector.

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Technical Bulletin

Disclosure Guidance Integrated Banking & Financial Services

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List of Industry Working Group Participants

This list contains the names of all the Financials IWG participants that publicly participated. IWG participants contribute as individuals, and not as members of their present or past companies.

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Sector Process Materials

 

Industry Working Group Due Process Report

Prepared by SASB, this report outlines the industry working group process, including recruiting processes, composition of members, industry working group feedback, and how SASB addressed the input of the industry working group.

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Standards Council Process Review

Prepared by the Standards Council, this document reviews and comments on the findings of the Industry Working Group Due Process Report.

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Standards Outcome Report

Prepared by SASB, this report documents the changes made to SASB’s standards throughout the standards development process, in response to evidence-based research, industry working group feedback, public comment periods, and recommendations from the process review conducted by the SASB Standards Council.

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Standards Council Outcome Review

Prepared by the Standards Council, this document reviews and comments on the findings of the Standards Outcome Report.

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Public Comment Period

Public Comment Version of Standards (All Industries)

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Public Comments Received

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Responses to Public Comment

To see how SASB addressed Public Comment for the Financials sector, please refer to Appendix II of the Standards Council Outcome Review.

 

Industries

 

The industries listed below make up the Financials Sector of SICS™. The companies listed below each industry are the top 5 companies by revenue, and are listed only to provide tangible examples of the types of companies in each industry.


Commercial Banks

    • Wells Fargo
    • Bank of America
    • JP Morgan Chase
    • Citigroup
    • US Bancorp

Investment Banking & Brokerage

    • JP Morgan Chase
    • Goldman Sachs
    • Citigroup
    • Bank of America
    • Morgan Stanley

Asset Management & Custody Activities

    • Bank of America
    • Morgan Stanley
    • JP Morgan Chase
    • Bank NY Mellon
    • Citigroup

Consumer Finance

    • American Express
    • GE
    • Visa
    • Ford
    • SLM Corp


Mortgage Finance

    • Fannie Mae
    • Fidelity National
    • JP Morgan Chase
    • GE
    • First American Financial

Security & Commodity Exchanges

    • NYSE
    • NASDAQ
    • CME Group Inc
    • Intercontinental
    • CBOE Holdings

Insurance

    • Metlife
    • American International
    • Prudential
    • Berkshire Hathaway
    • Allstate Corp