Why create Sector Advisory Groups. Companies have increasingly recognized that the management of environmental, social and governance (ESG) factors are directly related to their ability to manage risk and deliver performance over the long-term. At the same time, investors are increasingly using ESG information to develop a comprehensive view of company performance to help them evaluate a company’s long-term value.
Companies and investors can play an important role in evaluating the topics, metrics, and technical protocols included in the SASB’s industry-specific standards by providing feedback on the extent to which the content of the standards adheres to the SASB’s concepts, principles, and definitions set out in its Conceptual Framework.
Accordingly, the SASB is creating Sector Advisory Groups comprised of volunteer industry experts to advise the SASB on matters of implementation and emerging issues that should be considered in the standards development process.
The Sector Advisory Group member role. Sector Advisory Group members…
- Support the disclosure of material and decision-useful ESG information to investors in a cost-effective manner.
- Believe a market standard would improve the quality and comparability of sustainability-related information
- Support SASB’s industry-specific and materiality-focused approach to standards setting, as well as its core objectives to provide investors with relevant and decision-useful information in a manner that is cost-effective for companies.
- Agree to participate in SASB’s ongoing standards development process, so that outcomes adequately consider issuer, investor and subject matter expert feedback
- Agree to encourage other representatives from issuers, investors and SMEs to participate in the SASB’s ongoing standards development process, so that outcomes reflect issuer, investor and SME viewpoints
- Agree to provide feedback to the SASB Staff regarding the implementation and use of the standards, including the process of gathering, assuring and reporting the data associated with the topics and metrics contained in the standards.
- Provide corporate, investor and SME perspectives to the SASB and advise on other matters for which the SASB may seek guidance.
A call for volunteers. We are seeking individuals from leading public companies, financial institutions, and/or third parties with industry expertise who are committed to improving the quality and comparability of sustainability-related disclosure to investors. Apart from the above, here is what’s involved:
- Members serve a 3-year term
- Remote/virtual participation in quarterly meetings
- In-person meetings once per year
- Members will serve as individuals and will represent their industry rather than their companies
Sector Advisory Group members will benefit from having input into the SASB standards implementation process as well as a chance to shape the SASB board’s technical agenda and the standards going forward.
We encourage you to complete and submit the expression of interest form below. (Note that early signup does not guarantee a seat as a member.)
For further information, please review the SAG Charter.
Please note that these Advisory Groups are advisory in nature and recommendations are non-binding; ultimate authority to approve updates, as recommended by the SASB staff, rests with the SASB. Members of the groups will be nominated by the SASB staff and the SASB, and approved by vote of the SASB. The Sector Advisory Groups will produce a report to the SASB summarizing their recommendations and their assessment of the SASB’s incorporation of those recommendations into Exposure Drafts of the relevant Updates. Meetings of Sector Advisory Groups will be open to all interested parties, but only appointed group members can take the floor and speak at those meetings.