SASB and IIRC sustainability standards partnership

The Sustainability Accounting Standards Board and the International Integrated Reporting Council have teamed up to promote corporate disclosure and sustainability reporting. A memorandum of understanding, signed by SASB founder and executive director Dr. Jean Rogers and IIRC CEO Paul Druckman, outlines the basis for ongoing cooperation, collaboration and alignment between the two organizations.
Discover Now

The memorandum of understanding formalizes SASB and IIRC’s partnership and will strengthen guidance to companies about improved disclosure on material sustainability factors, Rogers says, as quoted in Environmental Leader.

Through 2015 SASB is developing sustainability accounting standards for more than 80 industries in 10 sectors. Last month the IIRC released the International Integrated Reporting Framework to provide principles-based guidance for companies wishing to prepare an integrated report.

Et tu, Bloomberg?

The Sustainability Accounting Standards Board is a non-profit group backed by Bloomberg LP, Generation Foundation, Metanoia Fund and Rockefeller Foundation. It was launched in October 2012 with the goal of standardizing corporate reporting of social and environmental performance for every publicly traded company’s operations, across 89 industries.
This group’s goal is to become what the Financial Accounting Standards Board – the nonprofit that developed best practices in financial disclosure accounting and informs the SEC’s regulatory agenda – is to financial reporting, said SASB spokeswoman Sarah Leiseca.

Standards for standards?  

It's good that the SASB is forging partnerships with other standards organizations. Otherwise, we'll need a Standards for Standards Board soon, if you see what I mean.