What is the main advantage of SASB’s industry-specific approach to sustainability?

The main advantage of SASB’s industry-specific approach to sustainability lies in its ability to tailor the reporting standards to the specific characteristics and needs of different sectors. Each industry has its own set of challenges, risks, and opportunities related to sustainability. By focusing on these unique elements, SASB enables companies to provide more relevant and useful information to investors and stakeholders. This targeted approach helps organizations assess their performance against the specific environmental, social, and governance (ESG) factors that are most impactful for their operations and industry context. Consequently, companies can be more transparent and accountable in disclosing sustainability practices that truly matter to their sector, ultimately enhancing the quality and comparison of sustainability data across similar businesses.