SASB-SUSTAINABILITY-ACCOUNTING

SASB sector-specific material sustainability standards.

Definition

SASB Standards 77 industries organised in 11 SICS sectors (Consumer Goods, Extractives, Financials, Food, Health Care, Infrastructure, Renewable Resources, Resource Transformation, Services, Technology, Transportation). Differentiation vs GRI: SASB focused on financial materiality + investor-oriented, GRI multi-stakeholder + impact materiality. SASB integrated into IFRS Foundation August 2022, structures ISSB IFRS S1 and S2 standards. Each industry standard ~25-50 metric disclosures.

Origin

SASB founded 2011 by Jean Rogers ; first standard published 2013 ; SASB Standards Board created 2017 ; merged with IIRC 2021 (Value Reporting Foundation) ; IFRS Foundation integration August 2022.

Example in context

ExxonMobil uses SASB Oil & Gas Exploration & Production Standard to report its material metrics: GHG emissions (Scope 1), water management, waste, biodiversity, payments to governments.

Related terms

• ISSB IFRS S1-S2 — parent successor.