No. SASB is an independent standard-setter and does not provide advisory services. It is the responsibility of the reporting entity to determine which sustainability issues are most likely to have material impacts on its business and which information to disclose.
SASB’s standard-setting process is designed to identify:
- Sustainability topics most likely to materially impact enterprise value (positively or negatively) over the short, medium, or long term for the typical company within a particular industry; and
- Accounting metrics to help standardize disclosure on such topics for use by investors and other providers of financial capital.
As such, SASB Standards may serve as a useful input to a company’s approach to assessing materiality, enterprise risk management, or other internal deliberations that may influence communications with investors.