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SASB issues three documents for comment

  • SASB document (green) Image

Apr 08, 2016

The Sustainability Accounting Standards Board (SASB) has issued three documents for public comment as part of the second phase of its standards development. The SASB will consult on the recently completed provisional standards and its proposed process for codifying and maintaining them.

The documents are as follows:

  • SASB Conceptual Framework — An “existing document that has been updated in accordance with the Rules of Procedure to focus on the fundamental principles that guide SASB's work. It outlines SASB's purpose and role in the broader sustainability, accounting, and financial reporting arenas.”
  • SASB Rules of Procedure — A “new document that will establish the processes, practices, and procedures related to SASB's standard-setting activities. These include development activities, ongoing consultation with corporate issuers and investors, and codification and ongoing maintenance of the Standards. The Rules of Procedure also outlines the organization's governance structure.”
  • Sustainable Industry Classification System™ (SICS™) — A small number of amendments to “align with its purpose of grouping related industries based on the similarities of their sustainability profiles and shared sustainability risks and opportunities.”

Comments on all three documents are due by July 6, 2016. For more information, see the press release and public comment portal on the SASB’s Web site.

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