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.
Sector Advisory Group Statement
The SASB Sector Advisory Group (SAG) comprises individuals from leading companies, financial institutions, and/or third parties with industry expertise who recognize the need for consistent, comparable and reliable disclosure of material and decision-useful ESG information.
- Believe standards can improve the quality and comparability of sustainability-related information
- Believe SASB’s approach—which is industry-specific and focused on financially material data—provides investors with relevant and decision-useful information
- Provide feedback to the SASB staff on the standards development process and the implementation and use of the standards
- Encourage other stakeholders to participate in SASB’s ongoing standards development process
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:
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.
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.