SASB
Sustainability Accounting Standards Board
The Sustainability Accounting Standards Board (SASB) is a non-profit organization established in 2011 to develop and maintain industry-specific standards that assist companies in disclosing financially material sustainability information to investors.
These standards focus on environmental, social, and governance (ESG) issues that are most relevant to financial performance within 77 distinct industries.
Understanding SASB standards
SASB Standards are designed to identify sustainability-related risks and opportunities that could reasonably be expected to affect an entity’s cash flows, access to finance, or cost of capital over the short, medium, or long term.
By providing a framework for consistent and comparable reporting, SASB enables organizations to communicate decision-useful information to investors.
Who can apply this Framework?
SASB Standards are designed for use by companies of all sizes and across all industries seeking to provide investors with material, industry-specific sustainability information. They are particularly beneficial for publicly listed companies aiming to enhance transparency and meet investor expectations regarding ESG disclosures.
Universal or local?
TCFD is a globally recognised framework and has been adopted in over 95 jurisdictions. Its recommendations are voluntary but have been incorporated into regulation or stock exchange requirements in countries such as the United Kingdom, Japan, New Zealand, Singapore, Switzerland, and the European Union.
Generation Impact Global and SASB
Our SASB Tool helps you connect sustainability data to what matters most for your industry and investors. Easily collect, track, and share ESG info, export reports, and manage data across multiple frameworks—all in one place.
Go further by using our interoperability features to manage ESG data across multiple frameworks, saving time and maintaining consistency in reporting materials.
Praise and recognition for SASB
Endorsed by public and private entities
SASB Standards are globally applicable. They are utilized by over 3,200 companies across more than 80 jurisdictions worldwide, including 75% of the S&P Global 1200 Index. This widespread adoption reflects the standards’ relevance and adaptability across different regulatory environments and market contexts.
1. How to use?
Identify applicable industry standards
Determine the industry or industries that align with your business operations using SASB’s Sustainable Industry Classification System® (SICS®).
Review disclosure topics and metrics
Examine the SASB Standards for your identified industry to understand the relevant disclosure topics and associated accounting metrics.
Assess materiality
Evaluate which sustainability issues are financially material to your company, considering factors such as impact on cash flows, access to finance, and cost of capital.
Collect data and disclose information
Gather the necessary data and incorporate SASB-aligned disclosures into your financial filings or sustainability reports.
2. Benefits
Implementing SASB Standards for disclosing an organization’s activities offers numerous benefits, including the following:
Investor communication
Provides investors with consistent, comparable, and reliable information on sustainability factors that are material to financial performance.
Risk management
Identifies and addresses sustainability-related risks that could affect the company’s financial health.
Competitive advantage
Demonstrates a commitment to transparency and sustainability, potentially leading to improved reputation and stakeholder trust.
Key features
Action Plan
Create, assign, and track targeted steps to address issues or achieve objectives, ensuring accountability and progress monitoring.
Request reviews and approval
Stablish clear paths of communication with team members, managers, portfolio companies and funds to meet all requirements.
Assign disclosures
Delegate and manage disclosures and responsibilities within the workflow for streamlined process oversight.
Report management
Generate, organize, and monitor reports efficiently, supporting data-driven decision-making and compliance tracking.
TCFD Guidance
Get an insight of the TCFD methodology to fully understand the reporting process and consult supporting material.
Interoperability
Connect compatible data across frameworks, and reports, saving time and improve data capture efficiency.
Frequently Asked Questions
General Questions
1. Are SASB Standards mandatory?
While not legally mandated, many companies voluntarily adopt SASB Standards to meet investor expectations and enhance transparency in sustainability reporting.
2. How do SASB Standards differ from other sustainability frameworks?
SASB Standards are industry-specific and focus on financially material issues, whereas other frameworks may take a broader approach to sustainability reporting.
3. Can SASB Standards be used alongside other reporting frameworks?
Yes, companies often use SASB Standards in conjunction with other frameworks, such as the Global Reporting Initiative (GRI), to provide a comprehensive view of their sustainability performance.
4. Does the tool support version control and audit trails?
Yes. Our SASB solution offers full version history, role-based permissions, and audit logging, enabling collaboration, transparency, and governance over disclosure content.
5. How does the SASB tool help in responding to investor ESG requests?
With structured and comparable data aligned to SASB Standards, the tool helps you generate consistent ESG disclosures that meet investor expectations and simplify ESG data responses to rating agencies.
6. Is the SASB tool suitable for both SMEs and large enterprises?
Yes. Whether you’re a growing company or a multinational, our tool scales according to your reporting needs. Templates, workflows, and industry standards are customisable for different organisational sizes.
7. Do you offer support and training for using the SASB tool?
We do. Our team provides onboarding, training sessions, and ongoing technical support to ensure your team confidently uses the tool for efficient and compliant SASB reporting.
While not legally mandated, many companies voluntarily adopt SASB Standards to meet investor expectations and enhance transparency in sustainability reporting.
SASB Standards are industry-specific and focus on financially material issues, whereas other frameworks may take a broader approach to sustainability reporting.
Yes, companies often use SASB Standards in conjunction with other frameworks, such as the Global Reporting Initiative (GRI), to provide a comprehensive view of their sustainability performance.
Yes. Our SASB solution offers full version history, role-based permissions, and audit logging, enabling collaboration, transparency, and governance over disclosure content.
With structured and comparable data aligned to SASB Standards, the tool helps you generate consistent ESG disclosures that meet investor expectations and simplify ESG data responses to rating agencies.
Yes. Whether you’re a growing company or a multinational, our tool scales according to your reporting needs. Templates, workflows, and industry standards are customisable for different organisational sizes.
We do. Our team provides onboarding, training sessions, and ongoing technical support to ensure your team confidently uses the tool for efficient and compliant SASB reporting.