Suppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?
Suppose you are tasked to construct and evaluate complex financial statements, including those relating to group accounts, to show an organization's financial position and performance. How do SASB standards relate to your task? What is the purpose of sustainability accounting and disclosure? Why are SASB standards needed in the business world?
The Sustainability Accounting Standards Board (SASB) is a non-profit organisation whose aim is to create and distribute sustainability accounting standards that assist public companies in disclosing meaningful, decision-relevant information to investors. This aim is realised through a thorough approach that involves evidence-based research and input from a diverse range of stakeholders. As demonstrated in the sample below, SASB provides a set of guidelines to reporting organisations from all industries, utilising the CDSB Framework for environmental information and natural capital reporting as further guidance for key environmental measures.
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