Value Reporting Foundation

An integrated report is a concise communication about how an organization’s strategy, governance, performance, and prospects, in the context of its external environment, lead to the creation, preservation, or erosion of value in the short, medium, and long term.

SASB Standards provide the disclosure topics and accounting metrics needed to accurately assess the effectiveness of a business’s governance, strategic planning, and risk management, enabling better comparability and accountability. It enables the communication of performance on sustainability risks and opportunities in greater detail and with greater comparability.

For more information, read "Strengthening an Integrated Report Using SASB Standards" and check our Knowledge Hub for additional implementation resources.

The Value Reporting Foundation will publish ongoing guidance, case studies and resources related to how to use the integrated thinking principles, the <IR> Framework, and SASB Standards together. Please visit the Knowledge Hub to review our latest resources.

The International <IR> Framework and SASB Standards will remain complementary tools. While the Value Reporting Foundation will provide guidance on how to use both together, we expect organizations to use the standards and/or frameworks best suited to their needs to fulfill expectations for transparent, robust reporting to the range of stakeholders they deem most appropriate.

No. SASB Standards will continue to be set according to the principles, processes, and practices outlined in the SASB Conceptual Framework and Rules of Procedure. The SASB Standards Board—an independent board that is accountable for the due process, outcomes, and ratification of the SASB Standards—will continue to play the same role.

No. We will continue using a project-based model to consider revisions to the Standards. SASB Standards will continue to be set according to the principles, processes, and practices outlined in the SASB Conceptual Framework and Rules of Procedure.

The merger of SASB and the IIRC to create the Value Reporting Foundation does not affect the FSA Credential, as its curriculum already includes integrated reporting and the <IR> Framework.

For addition questions about the Fundamentals of Sustainability Accounting Credential, see our FAQ.

We have a comprehensive technical program, in which we have prioritized a review of the key concepts and organizing constructs in the reporting landscape, the materiality process, and how sustainability issues are incorporated into integrated reports. Through these efforts, and the work we are undertaking with the IFRS Foundation, we will be best placed to understand how we might more closely align the SASB Standards and <IR> Framework to support adoption.

One area where we already see an opportunity to enhance alignment is around the conceptual underpinnings of the <IR> Framework’s six capitals and the SASB Standards’ five sustainability dimensions. This is a significant project that will begin after the Value Reporting Foundation is officially formed.