SASB connects business and investors on the financial impacts of sustainability.

The Sustainability Accounting Standards Board (SASB) is an independent nonprofit organization that sets standards to guide the disclosure of financially material sustainability information by companies to their investors. SASB Standards identify the subset of environmental, social, and governance (ESG) issues most relevant to financial performance in each of 77 industries. SASB also provides education and other resources that advance the use and understanding of its Standards.

In a two-tier governance structure. The SASB Foundation Board of Directors oversees the strategy, finances, and operations of the entire organization, and appoints the members of the SASB Standards Board. The SASB Standards Board is an independent board that is accountable for the due process, outcomes, and ratification of the SASB Standards. Learn more about our governance structure here.

Our Mission: to establish and improve industry specific disclosure standards across financially material environmental, social, and governance topics that facilitate communication between companies and investors about decision-useful information.

Our Vision: global capital markets in which a shared understanding of sustainability performance enables companies and investors to make informed decisions that drive long-term value creation and better outcomes for businesses and their shareholders, the global economy, and society at large.

SASB’s Unique Approach

The Need for SASB

For decades, financial accounting standards have provided a common language for companies and investors to talk about financial performance. However, traditional accounting was developed in a world where tangible assets comprised most of the market valuation of companies.

In today’s economy, sustainability issues are global business issues that impact the financial condition, operating performance, and enterprise value of companies. Data security—a social issue—is important to companies in the software industry. Water management—an environmental issue—is essential to a beverage producer. Managing conflicts of interest—a governance issue—is critical for an investment bank. Effectively managing these issues over the long-term is likely to improve business performance in the form of reduced operating costs, enhanced reputation, greater resilience to risks, the potential for competitive advantage, and drive long-term enterprise value.

SASB was founded in 2011 to provide an expanded accounting language that communicates what yesterday’s performance means for tomorrow’s prospects. Global investors recognize SASB Standards as a core component of a company’s ESG disclosures.