SASB Standards Implementation Primer
This Implementation Primer serves as a reference guide for companies that have chosen to integrate the SASB Standards into their communications to investors.
SASB Standards and the ISSB
The SASB Standards have been consolidated into the materials of the IFRS Foundation as implementation guidance. This is consistent with [draft] IFRS Sustainability Disclosure Standard S1 General Requirements for Disclosure of Sustainability-related Financial Information, which requires companies to consider the SASB Standards to identify sustainability-related risks and opportunities and to develop appropriate disclosures. (Certain elements of SASB Standards have also been incorporated into the industry-based requirements of IFRS S2 Climate-related Disclosures.)
The IFRS Foundation’s International Sustainability Standards Board (ISSB) encourages companies and investors to continue to support and use the SASB Standards until they are replaced by IFRS Sustainability Disclosure Standards. The guidance in this Implementation Primer is intended to serve as a useful reference for entities applying the SASB Standards in any context. Browse FAQs about the future of SASB Standards under the ISSB.
Key Considerations for Implementing the SASB Standards
A company can use the Primer, along with the SASB Standards, to:
Use this chapter to assist you with:
- Understanding your options: Comparing sustainability standards and frameworks
- Developing disclosure objectives that consider audience needs and expectations
- Selecting the right frameworks: Using the SASB Standards in conjunction with GRI Standards, the Integrated Reporting Framework and/or TCFD recommendations
- Perspectives on risk: “Double materiality”
- Worksheet: Key actions for choosing the right tools
Use this chapter to support your understanding of:
This Primer is primarily intended for corporate professionals responsible for a company’s external reporting efforts. Members of sustainability, accounting, audit, finance, investor relations, legal, and risk functions are likely to find it useful in assessing and improving how their company measures, manages, and discloses performance on the sustainability factors that are linked to financial performance and long-term value creation. To incorporate the SASB Standards’ industry classification, metrics, or underlying research and related content into your systems, products, or services, contact [email protected].