Yes. The SASB Standards are used in over 3,200 companies in more than 80 jurisdictions around the world, including 75% of the S&P Global 1200 Index, because industry-based sustainability disclosures are cost-efficient for companies and decision-useful for investors. Businesses worldwide use SASB Standards to better identify, manage and communicate the material information about sustainability-related risks and opportunities they face.
Furthermore, the IFRS Sustainability Disclosure Standards being developed by the International Sustainability Standards Board (ISSB) to form the global baseline for sustainability-related disclosures build upon the SASB Standards and the TCFD Recommendations. Through IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information, the ISSB requires companies to consider the SASB Standards, in the absence of specific IFRS Sustainability Disclosure Standards, to identify sustainability-related risks, opportunities and related information.
The ISSB has enhanced the international applicability of the SASB Standards—a targeted project to ensure any companies can use them to advance their disclosure under IFRS S1, regardless of where they are based or their operating footprint—and will continue the SASB Standards projects it inherited from the SASB Standards Board, subject to public consultation. In other words, the ISSB is not just building upon and preserving the SASB Standards, it is updating and improving them.
Companies that apply the SASB Standards now will find they are an efficient solution for disclosing sustainability information and a solid foundation for adopting IFRS Sustainability Disclosure Standards.