In June 2023, the International Sustainability Standards Board (ISSB) of the IFRS Foundation published IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures. These Standards were introduced to establish a global baseline for sustainability-related financial disclosure.
As of August 2022, the ISSB assumed responsibility for the SASB Standards. IFRS S1 and IFRS S2 build on the industry-based approach of the SASB Standards and when used together these standards can support comprehensive sustainability disclosure.
Asset managers, asset owners, data and research firms and corporate reporting software providers can use IFRS S1, IFRS S2, SASB Standards and/or the Sustainable Industry Classification System® (SICS®) to focus their processes and products on the ESG information that matters to investors.
We offer licensing opportunities to help organisations secure the rights to incorporate IFRS S1, IFRS S2, SASB Standards and/or the SICS® into their systems, products or services. To learn more, contact us at [email protected].
Access to the SASB Standards Navigator
Organisations licensing the SASB Standards also have access to the SASB Standards Navigator, an online portal that allows users to quickly view and filter through the SASB Standards. If you work for a licensing organisation and would like access, please fill out this form and we’ll follow up with more details when we have reviewed your request.
Use of SASB Standards in the investment process
The materiality framework underpinning SASB Standards provides investors with an evidence-based, market-informed and industry-specific lens to integrate ESG more effectively into the investment process, while still allowing for customisation to fit each organisation’s needs. Benefit from the credibility of the SASB Standards and the additional insights of SICS® by using our intellectual property for a range of use cases in the investment process.
Use of SASB Standards in investment product development
Some investors incorporate the SASB Standards Intellectual Property (IP) in a range of investment products, particularly ESG-integrated indexes. We offer clear guidance for how investment products can be labelled as “SASB-aligned,” described to “include SASB Standards as one component among many” or other relevant descriptions. We help ensure products using our IP are clearly conveyed to the market.
Use of SASB Standards by data and analytics providers
We do not collect data or provide analytics or ratings on company performance. Instead, we work with dozens of data and analytics providers to map SASB Standards to their existing database via a stand-alone Excel file and/or integrate SASB Standards as a module in the provider’s platform. There is no one-size-fits-all—some providers use SASB disclosure topics, whereas others provide a granular solution based on the SASB metrics. We work with organisations to find the best way to respond to growing client interest.
Use of SASB Standards in corporate reporting software and enterprise risk management
As the number of investors and policy makers recommending SASB Standards disclosure rapidly accelerates, companies are responding to the call and looking for implementation support. Solutions providers that help companies manage their data for reporting and/or help companies manage enterprise risks can license our intellectual property to meet this growing demand.