As investors, companies and regulators focus on developing frameworks and standards for ESG and related disclosures, two important organizations in this space have combined.
The SASB, a non-profit organization founded in 2011, has been actively working to develop sustainability standards. The SASB Standards are currently available for 77 industries and primarily address ESG issues related to financial performance.
The IIRC, starting with its 2013 International Integrated Reporting Framework, has built a set of concepts and related approaches to build reports that focus on “value creation over time and related communications regarding aspects of value creation.”
Hopefully this combination will provide clarity in this rapidly evolving reporting area. As you can read here, with the combination of the two organizations, they now provide resources including Integrated Thinking Principles, the Integrated Reporting Framework, and SASB Standards. Companies can tailor their approach to ESG reporting using these tools.
As always, your thoughts and comments are welcome.