What common practice assists in ensuring the reliability of reported SASB data?

The common practice that assists in ensuring the reliability of reported SASB data is assurance statements. Assurance statements are evaluations conducted by independent third parties, which verify the accuracy and completeness of sustainability disclosures made by organizations. They provide external validation of the data reported, giving stakeholders confidence that the information is reliable and consistent with industry standards.

Having an assurance statement indicates that a systematic process was used to collect and report the data, which contributes to its credibility. When companies undergo this verification process, potential biases or errors in reporting are identified and addressed, thus enhancing the overall integrity of the sustainability information provided. This quality control measure is vital for fostering trust among investors, regulators, and the public.

Other practices, like visual storytelling, risk assessment, and regular audits, may play important roles in sustainability reporting but do not specifically serve the sole purpose of verifying the reliability of SASB data in the same manner that assurance statements do.