While everyone has heard of the Financial Standards Accounting Board (FASB), many did not know that the SASB is also in existence. The SASB is a non-profit organization founded in 2011 to develop and issue sustainability accounting standards.
Their website (http://www.sasb.org) has a tremendous amount of information on their work and the standards issued to date. There are 11 standards issued so far which address issues in different industries. For example, there is a financials standard addressing issues in the banking, insurance and brokerage fields and a non-renewable resources standard addressing the oil and gas, coal , metals and …read more
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