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 comprised 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 documents related to the standards development process for this sector.


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List of Industry Working Group Participants

This list contains the names of all the Financial IWG participants that publicly participated. These participants were contributing to the IWG as individuals, and not as members of their present or past companies.

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Financials Issues Table

The following table provides an overview of the material sustainability issues for the seven industries in the Financials sector.

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Technical Bulletin

Disclosure Guidance Integrated Banking & Financial Services

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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Sector Process Materials


Industry Working Group Due Process Report

This report provides an in-depth look at the Industry Working Group process for the Financials Sector. It delves into the recruitment process, the composition of the working groups, and the results of the results that came out of the entire process.

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Standards Council Process Review

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Standards Outcome Report

This report documents the changes made to SASB’s Financials Standards throughout the standards development process. These changes have been made in response to feedback from the Industry Working Groups, the comments received during the Public Comment Period, and the recommendations from the process review conducted by the SASB Standards Council.

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Standards Council Outcome Review

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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


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