As of August 2022, the International Sustainability Standards Board (ISSB) of the IFRS Foundation assumed responsibility for the SASB Standards. The 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 Climate-related Disclosures Exposure Draft and General Requirements for Sustainability-related Disclosures Exposure Draft. To learn about ways to provide feedback on the IFRS Sustainability Standards in the future, sign up for updates at the IFRS Foundation.
Historical information about the role of feedback in the development of the SASB Standards
A core tenet of the approach to develop SASB Standards was ensuring the standard-setting activities were market-informed. The SASB Standards Board and Technical Staff actively solicited feedback from market participants as a crucial input for the process to establish and maintain the Standards. They obtained feedback on the standards and emerging sustainability issues through the following mechanisms:
- General feedback: provided through a variety of channels, including email, phone discussions, and letters
- Consultation: supported efforts to identify projects and guide research throughout a project lifecycle
- Public comment periods: more formal, structured point of engagement that served as a key input for the SASB Standards Board when voting whether to approve proposed new or amended standards
- Advisory and working groups: consisted of external advisors (such as corporates, industry members, investors, financial analysts, and other professionals) who provided advice on specific aspects of sectors, industries, and topics, including metrics and technical protocols
To learn more, please visit the standard-setting archive.