Consultation

Open for Consultation

 

SASB has issued provisional sustainability accounting standards for all 79 SICS industries, marking a pivotal point in its standard-setting work. SASB’s ongoing efforts will focus on the codification and maintenance of the standards. SASB is now in a period of deep consultation to gather additional input regarding the materiality of topics and usefulness of the metrics prior to codifying the standards in 2017. SASB plans to conduct consultation in Q4 2016 and Q1 2017, open the standards for public comment in Q2 2017, and codify the standards in Q4 2017.

 

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The goal of the deep consultation phase is to elicit and gather feedback on the Provisional Standards for each industry and the accompanying Hypothesis for Change developed by SASB sector analysts. Although the Hypothesis for Change is a starting point for proposed modifications, respondents are invited to raise questions and issues on other disclosure topics and metrics in the Provisional Standards not specified in the Hypothesis for Change or those not yet included in either document.

 

SASB staff will incorporate the responses from this deep consultation process into a proposed Agenda for Change for each industry, which, after a public comment period (& appropriate revisions), will be put before the Standards Council (a voting body comprised of independent experts) along with the Provisional Standards for approval as the SASB Code.

 

At this juncture, SASB invites the public to direct questions to and/or schedule consultations with the sector analysts (see chart below). Because SASB standards are designed for use in SEC filings, it is recommended that participating companies select individuals involved in the financial reporting process (such as CFOs, controllers, internal audit, and general counsel) to participate in consultation meetings. 

 

General comments may be submitted to comments@sasb.org