SASB Standards standard-setting process

The International Sustainability Standards Board (ISSB) recognises that maintaining and enhancing the SASB Standards is essential to supporting implementation of IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures and to ensuring that the SASB Standards continue to be relevant and fit for use by regulators whose jurisdictions adopt IFRS Sustainability Disclosure Standards and by companies that use the SASB Standards in disclosing sustainability-related financial information.

Accordingly, enhancing the SASB Standards is part of the ISSB’s 2024–2026 work plan to ensure that SASB Standards remain relevant and decision-useful for investors.

A group of ISSB members—chaired by Jeff Hales, former Chair of the SASB Standards Board—is tasked with developing recommendations for the ISSB related to the maintenance, evolution and enhancement of the SASB Standards. The group develops drafts of the required exposure drafts of amendments to the SASB Standards and, after considering the stakeholder feedback, drafts of the final amendments. The full ISSB considers the recommendations of this group in ISSB meetings (which are public) and ratify the exposure drafts and, subsequently the final amendments prepared by the group. The public consultation process for exposure drafts is the same as for those related to IFRS Sustainability Disclosure Standards.