SASB issues provisional standards for resource transformation industries
27 Mar 2015
The SASB has issued provisional standards for the resource transformation industries. The standards are the seventh set in a planned series of industry-related SASB standards on accounting for environmental, social, and governance issues that could be material to a corporation’s performance. The standards focus on material sustainability matters that corporations are already required to disclose in their Form 10-K or 20-F filings with the SEC.
The standards apply to the following industries:
- Aerospace and defense
- Chemicals
- Containers and packaging
- Electrical and electronic equipment
- Industrial machinery and goods
The Board's first six sets of provisional standards focus on communications, financials, health care, nonrenewable resources, transportation and provisional services.
The new provisional standards and corresponding industry briefs are available on the SASB's Web site.