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SASB advances structured ESG disclosure via issuing SASB XBRL Taxonomy

  • SASB (Sustainability Accounting Standards Board) Image

Mar 02, 2021

On March 2, 2021, the Sustainability Accounting Standards Board (SASB) announced that the SASB eXtensible Business Reporting Language (XBRL) taxonomy is available for public review. Comments are requested by May 3, 2021.

XBRL is the open international standard for digital business reporting, managed by a global not for profit consortium, XBRL International. The XML standard is used for tagging business and financial reports to increase the transparency and accessibility of business information by using a uniform format.

Public comment period details:

SASB seeks public feedback on the draft taxonomy to ensure that it is useful both for data producers as well as data consumers. They encourage you to also consider the following questions as you consider providing a public comment:

  1. Do you foresee any issues with the taxonomy being used globally across jurisdictions?
  2. Do you have any recommendations to enable wider adoption of XBRL-based SASB reporting?
  3. Do you agree with the recommendation of anchoring that we have proposed for taxonomy extension?
  4. Should the SASB XBRL taxonomy use elements from GAAP/IFRS taxonomies where applicable?
  5. Should the SASB XBRL taxonomy use typed dimensions?
  6. Has the taxonomy adequately addressed tagging of TCFD disclosures?

Review the press release and SASB XBRL Taxonomy on the SASB's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.