More than 600 companies from the S&P 1200 index now use the SASB Standards in their external communications to investors, according to an announcement from the Value Reporting Foundation.

SASB launched in 2011, working with an influential investor advisory group to help define ESG materiality on a sector-specific basis. In November 2018, it launched its 77 industry-specific standards for use by public companies.

The number of companies using the SASB Standards increased by 375 percent between 2019 and 2020, and by 215 percent between 2020 and 2021. ...(more)

Source: IR Magazine