Adoption and use of the SASB Standards by businesses around the world is growing rapidly, with nearly 1,300 businesses now reporting using the SASB Standards. The number of SASB Standards reporters increased 215% between 2020 and 2021 and 375% between 2019 and 2020.
SASB Standards, which provide industry-specific disclosure topics and metrics to help understand sustainability risks and opportunities that are relevant to enterprise value creation, are especially effective when used with the Integrated Reporting Framework, which provides guidance for report structure and content. When used together, integrated reporting creates the connectivity needed to understand the relationship between sustainability and financial performance, while SASB Standards enable the comparability and consistency needed to provide decision-useful information to investors and other providers of capital.
The Integrated Reporting Framework was originally published in 2013, are the result of extensive market consultation in 55 jurisdictions. It is used by over 2,500 businesses in 75 countries.