This Conceptual Framework sets out the basic concepts, principles, definitions, and objectives that guide the appointed technical Sustainability Accounting Standards Board members in its approach to setting standards for sustainability accounting. This framework document is complementary to the SASB Rules of Procedure, which is focused on the governance processes and practices for standards setting. Together, these documents provide direction for the SASB and its work.
From April 7, 2016, through July 6, 2016, the Sustainability Accounting Standards Board held a 90-day public comment period on the SASB Rules of Procedure and SASB Conceptual Framework documents. Based on feedback received, the companion document summarizes key comments received and SASB’s responses.