What is the Sustainability Accounting Standards Board (SASB)?


Sustainability Accounting Standards Board (SASB) is used by companies world-wide to track, measure and manage ESG risks and opportunities.

SASB: A key framework for sustainability

The Sustainability Accounting Standards Board (SASB) standards are used by many companies world-wide. They are unique and informative to businesses, investors and lenders because they are industry-based. From mining to software to chemicals – each industry differs across environmental, social, and governance issues. 

SASB makes comparing and benchmarking companies less complex. There are lots of changes ahead for this framework through the ISSB, the IFRS and the TCFD. However, SASB is a key framework to understand as a business operating in the world today. 

What are the SASB standard?

The Sustainability Accounting Standards Board (SASB) are standards or a framework from which companies can disclosure their environmental, social and governance related activities and metrics. They are unque as they are availible by industry. They track 77 industries to date – from software to mining to chemicals. Why? Each of these industries are quite different on environmental, social and governance issues. 

What’s unique about SASB?

  • It surfaces financially-material information 
  • It is industry-based
  • It is decision-useful
  • It is cost-effective
  • And, it is evidence-based, and market-informed

Companies reporting with SASB

Directly on their website you can sort through real reports from disclosing companies. For example, Workday using the SASB framework in their Sustainability Report. Here is a current list of reporting companies. 

Usually on the first page of a company’s Impact or CSR (Corporate Social Responsibility) report you’ll uncover the frameworks that they used within their report for tracking and measuring. Commonly in Canada and the USA, you’ll see SASB, UN SDGs, TCFD and the GRI cited. 

SASB helps companies identify, measure and manage ESG topics that impact value. 

Thanks for reading!

~Team ThisRock

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