Date: 2024-07-17 Page is: DBtxt003.php txt00021072
Management Metrics
SASB
SASB Standard-Setting Digest - October 2021
Burgess COMMENTARY
Peter Burgess
Dear Peter,
On October 1, the SASB Standards Board met to discuss several current projects and research opportunities. Below is a summary of the key points and board decisions. Review the Standards Board Meeting Calendar & Archive for meeting materials and additional details.
Board Discussion Items
Conceptual Framework
Staff presented a status update on a project intended to refresh the SASB Conceptual Framework, with a particular focus on two proposed revisions (concept of materiality and core tenets) that may articulate the Standards Board’s core principles more clearly without substantially altering them.
Tailings Management in Extractives
Staff is analyzing public comment letters, which includes conducting follow-up consultations and research to better understand the implications of market feedback and how it may impact any future standards updates. Public comment letters are posted on the project page.
Systemic Risk in Asset Management
Staff is analyzing the public comment letters received from market participants and is working on finalizing recommendations to the Board regarding the proposal to remove the disclosure topic and associated accounting metrics. Public comment letters are posted on the project page.
Alternative Products in Food & Beverage
The Board unanimously agreed to expand the scope of the Alternative Products in Food & Beverage standard-setting project to include Processed Food. The project is now in its initial consultation phase and invites input from interested market participants. Watch this video to learn more about the objectives of this phase.
Marine Transportation
Staff presented an update to the Board on the early-stage research activities of the Marine Transportation Working Group. Staff provided an overview of the themes that emerged in the feedback regarding the Greenhouse Gas Emissions and Air Quality disclosure topics.Staff will now conduct additional research and market consultations to determine if standard-setting is appropriate.
Additional Project Updates
Raw Materials Sourcing in Apparel
The SASB Standards Board received 13 public comment letters during its public comment period for the proposed changes presented in the Exposure Draft and Basis for Conclusions for the Apparel, Accessories & Footwear Industry Standard. The Standards Board will now analyze the public comments received to determine next steps.
Renewable Energy in Electric Utilities Industry
Staff is developing a project plan and initial research questions for market consultation.
Content Governance in the Internet Media & Services Industry
Staff is now working on an exposure draft of proposed standards updates that would reflect the Board’s feedback and invites input from interested market participants.
Plastics Risks and Opportunities in Pulp & Paper Products and Chemicals Industries
Staff is developing an exposure draft of proposed changes to incorporate the risks and opportunities associated with the management of single-use plastics into the Chemicals standard as a new topic. Relative to the Pulp & Paper industry, staff will seek input to form an opinion about possibly merging the Pulp & Paper Standard with the Containers & Packaging Standard before proceeding with proposed updates related to single-use plastics.
Human Capital
Staff is finalizing a recommended set of industries for inclusion in a standard-setting proposal focused on workplace culture (which addresses diversity and inclusion).
Click “Subscribe to Updates” on individual project pages to receive timely information on project phase transitions, key research questions being examined, and requests for feedback.
Best,
The SASB Standards Research Team
The Value Reporting Foundation 1045 Sansome Street Suite 450 San Francisco CA 94111
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