Ten industries in the Services sector now have a set of provisional sustainability disclosure standards from the Sustainability Accounting Standards Board (SASB). SASB is a non-profit organization that provides sustainability accounting standards for publicly traded companies. Its guidelines help companies evaluate non-financial sustainability and governance issues for public disclosures.
The industries covered by the newly issued standards include:
- Advertising & Marketing
- Cable & Satellite
- Casinos & Gaming
- Cruise Lines
- Hotels & Lodging
- Leisure Facilities
- Media Production & Distribution
- Professional Services, and
SASB developed the sector standards with working groups that reached consensus on the primary sustainability issues affecting an industry. Two hundred seventy one individuals, representing publicly traded companies with $909 billion market capital and investment firms with $9.7 trillion in assets under management, participated in the working groups.
The new SASB provisional standards will be open for public comment for at least one year.
Download the full reports and other information about the SASB standards for the Services Sector here.