Which document defines the principles of SASB's standard-setting process?

The document that defines the principles of SASB's standard-setting process is the Conceptual Framework. This framework articulates the underlying concepts and principles that guide the development of sustainability accounting standards. It provides a structured approach for understanding how sustainability performance information should be reported and used by entities, serving as a foundational resource that informs the standard-setting efforts of SASB.

The Conceptual Framework emphasizes the importance of transparency, relevance, and comparability in sustainability disclosures, aiming to ensure that the standards developed are both useful for investors and aligned with the needs of capital markets. It encapsulates the relationships among various components of sustainability reporting and the overall objectives of meaningful communication of sustainability performance to stakeholders.

In contrast, the other documents serve different purposes. The Rules of Procedure typically detail the processes for how standards are developed and maintained but do not encapsulate the principles behind those processes. The Governance Framework outlines the organizational structure and decision-making bodies behind SASB, while the Disclosure Guidelines focus on the practical aspects of reporting information rather than the foundational principles of the standard-setting process.