SASB Standards

SASB Standards is a pioneering organization that has recently become a part of the IFRS Foundation. Their mission is to facilitate the connection between businesses and investors regarding the financial implications of sustainability. This is particularly significant as they cover a wide range of 77 industries, identifying the most crucial sustainability disclosure topics for each industry. This enables companies to offer valuable insights into sustainability-related risks and opportunities to investors and capital market participants, thereby enhancing decision-making. It's important to note that SASB Standards are now under the umbrella of the IFRS Foundation, which houses the International Sustainability Standards Board (ISSB). The ISSB is devoted to creating a comprehensive global baseline for sustainability disclosures in the global capital markets, building on SASB's industry-based approach. The consolidation of SASB Standards into the IFRS Foundation indicates a significant shift in the industry, as the ISSB aims to integrate SASB's expertise into IFRS Sustainability Disclosure Standards. This development is encouraging for preparers and investors, who are urged to continue supporting and utilizing the SASB Standards. The organization's headquarters is located in the United Kingdom, and its journey commenced in 2010. The ongoing updates from the Foundation and the standard-setting bodies can be followed via their social media handles, including @IFRS Foundation, @IFRS Sustainability, and @IFRS Accounting, while continued updates from the SASB Standards can also be found via their channel.