SASB Standards enable organizations to provide industry-based sustainability disclosures about risks and opportunities that affect enterprise value. In August 2022, the IFRS Foundation assumed responsibility for SASB Standards when it merged with the Value Reporting Foundation, which previously maintained these Standards.
SASB Standards identify the subset of environmental, social and governance issues most relevant to financial performance and enterprise value for 77 industries. The Standards were developed using a rigorous and transparent standard-setting process that included:
- evidence-based research;
- broad and balanced participation from companies, investors and subject-matter experts; and
- oversight and approval from the independent SASB Standards Board.
Global investors recognise SASB Standards as essential requirements for companies seeking to make consistent and comparable sustainability disclosures.
The IFRS Foundation’s International Sustainability Standards Board (ISSB) has committed to building on the industry-based SASB Standards and adopting SASB’s industry-based approach to standards development. SASB Standards play an important role in the IFRS Foundation’s Climate-related Disclosures Exposure Draft and General Requirements for Sustainability-related Disclosures Exposure Draft. The ISSB encourages companies and investors to continue to support and use the SASB Standards until they are replaced by IFRS Sustainability Disclosure Standards.