Today, the Sustainability Accounting Standards Board (SASB) released a complete set of 77 industry-specific sustainability accounting standards, as the result of six years of research and extensive market consultation. Approved in October, the standards are now publicly available.
The SASB standards are used by Companies, to report on sustainability performance, and by Investors, to make aware investment decisions. For this reason, it represents a fundamental technical tool for the non-financial reporting, with the purpose to disclose financially-material sustainability information and involve a wide selection of stakeholders that are at the frontline of sustainable reporting.
On SASB website, you can download the new standards and a series of tools and resources to help you start using them. Furthermore, the set of standards disclosed by SASB uses the Sustainable Industry Classification System® (SICS®), a guidance for experts to help them identify the sector and industry in which a company is classified.