Four years in the making, and the penultimate step in a six-year march toward codification and market use, the Sustainability Accounting Standards Board has published its Exposure Draft Standards for 79 industries. The documents will be open for a 90-day public comment period, ending Dec. 31.
“This is a milestone moment – for the SASB, but also for the capital markets and all who care about efficient pricing and material risks,” Jean Rogers, founder of the SASB and current chair of the nine-member Standards Board, said in a statement. “Engagement in the public comment period will ensure the codified standards are focused on financially material sustainability factors, yield decision-useful information for investors, and are cost-effective for preparers.”
