What is the SASB ?
The Sustainability Accounting Standards Board (SASB) is a non-profit organization, founded in 2011 to develop sustainability accounting standards. SASB has developed a comprehensive set of 77 globally applicable industry standards. They identify the minimum set of financially material sustainability topics and their associated metrics for the typical company in a sector.
SASB’s stated goal is to establish industry-specific disclosure standards for environmental, social, and governance (ESG) topics. They facilitate communication between companies and investors on financially material and decision-useful information.
SASB standards enable businesses to identify, manage and communicate financially-material sustainability information to their investors. SASB standards are used by companies around the world in a variety of disclosure channels, including their annual reports, financial filings, company websites, sustainability reports, and more.
This solution will facilitate the implementation of SASB standards.