What process does SASB implement for the development of its standards?

The process that SASB implements for the development of its standards involves a structured approach to ensure that the standards are relevant, rigorous, and aligned with the needs of stakeholders. This process typically starts with a proposal phase where specific topics or issues are identified and researched. Once a proposal is made, it undergoes a review by SASB's board or relevant committees.

The board's approval is essential as it signifies that the proposed standards have been thoroughly evaluated for their significance and applicability across different industries. The involvement of the board ensures that the standards are not only technically sound but also strategically aligned with the overarching goals of sustainability accounting. This sequence culminates in a final approval stage, where the standards are officially adopted and made available for use by organizations seeking to enhance their sustainability disclosures.

This systematic approach ensures that the standards reflect industry best practices and stakeholder expectations, making them useful tools for organizations in their sustainability reporting efforts.