The Sustainability Accounting Standards Board (SASB) provides industry-specific standards for companies to disclose financially material sustainability information to investors. These standards focus on ESG issues that are likely to affect the financial condition or operating performance of companies within different industries. For procurement and supply chain professionals, adopting SASB Standards helps in identifying and reporting on sustainability factors that are material to their industry. This enhances the transparency and comparability of sustainability information, supporting better decision-making by investors and other stakeholders. Implementing SASB Standards also helps companies manage ESG risks and opportunities more effectively, aligning their operations with investor expectations and contributing to long-term financial performance.
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