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The International Sustainability Standards Board (ISSB) is preparing exposure drafts of proposed amendments to a set of SASB Standards the ISSB has prioritised as a part of its work plan. The ISSB will consider proposing targeted amendments to other SASB Standards to maintain consistent measurement of common topics across industries. The ISSB is also researching additional enhancements to the SASB Standards and Sustainable Industry Classification System that it could prioritise in the next phase of work.

ISSB Update July 2024

The ISSB met on 25 July 2024 to discuss its approach to enhancing the SASB Standards.

The ISSB decided:

  1. to use a phased approach;
  2. to start developing exposure drafts of enhancements to:
    1. all eight SASB Standards in the Extractives & Minerals Processing sector;
    2. the Electric Utilities & Power Generators SASB Standard in the Infrastructure sector; and
    3. three SASB Standards in the Food & Beverage sector—subject to assessing whether the ISSB and its stakeholders have the capacity to do so (the ISSB noted that it would be ‘highly desirable’ that these three industries be included in the initial phase of work);
  3. to consider making targeted amendments to other SASB Standards to ensure that measurement of common topics remains consistent among industries, where appropriate; and
  4. to research:
    1. priorities for the second phase of the project; and
    2. how to enhance the Sustainable Industry Classification System® (SICS).

All 14 ISSB members agreed with decisions (a), (c) and (d). Thirteen of 14 ISSB members agreed with decision (b).

Next milestone

Exposure Draft