SASB envisions a world where all forms of capital are accounted for and managed. With SASB industry-specific standards in place, companies compete and improve performance on the sustainability issues that matter most and investors drive capital to the most sustainable outcomes. SASB defines sustainability as environmental, social and governance factors that have the potential to affect long-term value creation and/or are in the public's interest.
The Sustainability Accounting Standards Board is a 501(c)3 non-profit engaged in the creation and dissemination of sustainability accounting standards for use by publicly-listed corporations in disclosing material sustainability issues for the benefit of investors and the public. Through the first quarter of 2015 SASB is developing standards for more than 80 industries in 10 sectors suitable for use in providing decision-useful information in the SEC Forms 10-K and 20-F.
SASB is accomplishing this through intensive evidence-based research of material issues within industry; convening industry working groups to establish accounting metrics; partnering with the accounting profession to develop auditing protocols; and providing education with regard to recognition and accounting of material non-financial issues. For more information about the principles, processes and definitions relevant to SASB's standards setting process, please read our Conceptual Framework.
SASB is accredited to establish sustainability accounting standards by the American National Standards Institute (ANSI). SASB is not affiliated with FASB, GASB, IASB or any other accounting standards boards.