Industry-based disclosures are cost-efficient for companies and useful for investors. Using industry-based disclosure topics and metrics in the SASB Standards enables companies to address a range of sustainability-related risks and opportunities.
In the ISSB's [draft] General Requirements Standard, industry-specific disclosures are required by those applying the ISSB’s Standards, and companies need to consider the existing SASB Standards to identify topics and metrics to disclose in the absence of specific IFRS Sustainability Disclosure Standards. The ISSB's [draft] Climate-related Disclosures Standard requires disclosure of material information about significant climate-related risks and opportunities, including, in the appendix to the exposure draft, industry-specific requirements derived from SASB Standards. In response to feedback received on the exposure draft, the ISSB, while confirming the requirement for industry-specific climate information to be disclosed, decided to classify this appendix as examples of disclosures that could be provided, with the intention to make these disclosures mandatory in the future, subject to further consultation.