International Sustainability Standards Board

Yes. The ISSB encourages the continued use and full support of SASB Standards until IFRS Sustainability Disclosure Standards are available for use. SASB Standards are incorporated into the ISSB's first two exposure drafts, General Requirements and Climate-related Disclosures, and will continue to be used as the starting point for the ISSB's industry-based disclosure requirements. The ISSB has committed to build on SASB Standards and leverage the industry-based approach used in their development.[1] Use of SASB Standards, therefore, will be good preparation for implementation of the IFRS Sustainability Disclosure Standards when they are available for use.

SASB Standards are available for download at sasb.org. All SASB Standards implementation tools and resources, now part of the IFRS Foundation, are still accessible via sasb.org.

 

[1] The development of IFRS Sustainability Disclosure Standards is subject to due process.

All open SASB Standards projects were transitioned to the ISSB as of August 1, 2022, when the Value Reporting Foundation consolidated into the IFRS Foundation. The SASB Standards Board’s recommended changes were passed to the ISSB for further deliberation and will be subject to the IFRS Foundation’s due process.

Work is expected to continue on these projects, although upcoming public consultation on the ISSB's future agenda priorities will inform their detailed delivery plan. Stay up to date on the ISSB’s work plan, decisions and projects by subscribing to receive sustainability alerts via the IFRS Foundation’s notifications dashboard.

 

Yes. In the ISSB's [draft] General Requirements Standard, companies are directed to SASB Standards as priority materials for complying with the [draft] Standard in the absence of specific IFRS Sustainability Disclosure Standards. Using industry-based disclosure topics and metrics in the SASB Standards enables companies to address a range of sustainability-related risks and opportunities. The ISSB's [draft] Climate-related Disclosures Standard proposes requirements for disclosure of material information about significant climate-related risks and opportunities, including industry-based requirements derived from SASB Standards.

The ISSB is now working to incorporate feedback on the General Requirements and Climate Exposure Drafts received during the public consultation that closed on July 29, 2022. For notices of upcoming consultation periods, please subscribe to receive sustainability alerts via the IFRS Foundation’s notifications dashboard. Other questions and feedback for the ISSB can be submitted via the contact form on the ISSB’s webpage.

The FSA Credential continues to be offered under the IFRS Foundation following the consolidation of the Value Reporting Foundation into the IFRS Foundation in August 2022. The transition of the SASB Standards and Integrated Reporting Framework to the IFRS Foundation and ISSB increases the global relevance and the value of the FSA Credential.

For addition questions, see the FSA Credential FAQ.

The SASB Alliance merged with the <IR> Business Network to form the IFRS Sustainability Alliance—a global community for sustainability standards and integrated reporting. Members of the IFRS Sustainability Alliance share a belief in the benefits of a coherent and comprehensive system for corporate disclosure and a more integrated approach to the way organizations plan and disclose their approach to value creation. Visit the IFRS Sustainability Alliance website for more information.