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Sustainable Accounting Standards Board (SASB)
An industry-specific framework for disclosing financially material sustainability information, ensuring transparent communication of your environmental, social, and governance (ESG) practices.
Strengths
Drawbacks
Strengths
Drawbacks
Overview
SASB puts your sustainability story in financial terms. This framework provides industry-specific standards for disclosing financially material ESG information. By integrating these standards into your reporting, you demonstrate transparency and accountability to stakeholders. However, implementing SASB standards can be complex and require expertise in financial reporting and ESG metrics.
Strengths
Drawbacks
Tool is "Best For"
Nonprofits operating in industries with established SASB standards and seeking to demonstrate financial materiality of their ESG practices, comfortable with technical aspects of financial reporting and willing to invest in expertise and training for accurate implementation.
Strengths
Drawbacks
Strengths
- Industry-specific framework for clear and credible communication of ESG information.
- Improves transparency and accountability to stakeholders, including investors and donors.
- Aligns with growing demand for ESG disclosures and responsible investing practices.
Drawbacks
- Implementing SASB standards can be complex and require expertise in financial reporting and ESG metrics.
- May require additional resources and training for effective implementation.
- Focus on financial materiality might not capture all aspects of your social and environmental impact.
