SASB publishes industry-specific sustainability accounting standards

The standards cover financially material issues in 77 industries.

The Sustainability Accounting Standards Board (SASB) recently published what it billed as the world's first set of industry-specific sustainability accounting standards covering financially material issues.

Covering 77 industries, the standards are designed to help businesses better identify and communicate opportunities for sustaining long-term value creation. The standards address the subset of sustainability factors most likely to have financially material impacts on the typical company in an industry and are intended to help investors and companies make more-informed decisions.

The standards, available for download on the SASB website, are the culmination of a six-year effort that included extensive research and market consultation, with the engagement of prominent investors and businesses from all sectors around the world. SASB Chair Jeffrey Hales, Ph.D., said the standards address universal concepts that are important for investors and businesses around the world.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.