Non-Renewable Resources

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 documentation of the standards development process for this sector.

 

Non-Renewable Resources Standards

The following document contains the Non-Renewable Resources sector’s provisional standards produced via the standards development process.

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Non-Renewable Resources 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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Draft Material Issues Table

The following table provides a draft overview of the material sustainability issues for the eight industries in the Non-Renewable Resources sector.

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List of Industry Working Group Participants

This list contains the names of all the Non-Renewable Resources 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 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 Outcome Report Supplement

Prepared by SASB, this supplement contains all feedback received during the industry working groups and public comment period, as well as SASB’s response to each comment.

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Standards Council Process and Standards Outcome Review

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

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Industries

 

The industries listed below make up the Non-Renewable Resources sector of SICS™. The companies listed below each industry are the top 5 US listed companies by revenue, and are listed only to provide tangible examples of the companies in each industry.


Oil & Gas – Exploration & Production

    • KazMunaiGas
    • Surgutneftegas
    • CNOOC Ltd
    • Oil & Gas Development Co.
    • YPF

Oil & Gas – Midstream

    • Plains All American Pipeline
    • Enterprise Products Partners
    • Global Partners
    • Sunoco Logistics
    • Energy Transfer

Oil & Gas – Refining & Marketing

    • Rosneft Oil Co.
    • Mitsui & Co.
    • Statoil ASA
    • Surgutn
    • Lukoil

Oil & Gas – Services

    • Schlumberger
    • Halliburton
    • Baker Hughes
    • National Oilwell
    • WeatherFord Intl


Coal Operations

    • Yanzhou Coal
    • Peabody Energy
    • Alpha Natural Resources
    • Consol Energy
    • Walter Energy

Metals & Mining

    • Posco
    • Hindalco Industries
    • Sterlite Industries
    • Aluminum Corp
    • Vale SA

Iron & Steel Producers

    • Posco
    • Hyundai Steel
    • MITSUI & CO.
    • TATA Steel.
    • Arcelormittal

Construction Materials

    • CEMEX
    • Ultratech
    • Lucky Cement
    • CRH PLC
    • Owens Corning