page_title: Sustainability Accounting Standards Board
section_title: Market Use
hierarchical_section_title: Sustainability Accounting Standards Board / Market Use
caption_attribution_description: English: Stock performancce
context_page_description: The Sustainability Accounting Standards Board is a non-profit organization, founded in 2011 by Jean Rogers to develop sustainability accounting standards. Investors, lenders, insurance underwriters, and other providers of financial capital are increasingly attuned to the impact of environmental, social, and governance factors on the financial performance of companies, driving the need for standardized reporting of ESG data. Just as the International Accounting Standards Board and the Financial Accounting Standards Board have established International Financial Reporting Standards and Generally Accepted Accounting Principles, respectively, which are currently used in the financial statements, SASB's stated mission “is to establish industry-specific disclosure standards across ESG topics that facilitate communication between companies and investors about financially material, decision-useful information. Such information should be relevant, reliable and comparable across companies on a global basis.”
context_section_description: Industry leaders from many disciplines seek to better understand and manage ESG-related risk and opportunities  and many are turning to SASB standards. Investors, reporting companies, consultants, and representatives of the accounting profession are using SASB's standards and underlying materiality framework to understand the intersection between companies’ sustainability and financial performance.
caption: "Corporate Sustainability: First Evidence on Materiality"[33]
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