SASB XBRL Taxonomy now available for comment

Posted on March 5, 2021 by Editor

The Sustainability Accounting Standards Board (SASB) has published its new SASB XBRL Taxonomy, now out for public comment. We encourage all with an interest in XBRL and the future of Environmental, Social, and Governance (ESG) reporting to submit feedback by 3 May 2021.

Announced in October, the XBRL taxonomy encompasses all 77 of SASB’s standards. It is intended to improve the data quality and utility of SASB disclosures, facilitating efficient and comprehensive analysis.

It was developed by SASB in conjunction with expertise from PwC, and it was tested using Workiva’s WDesk platform – both organisations are XBRL International Sustaining Partners {Ed — Thank you!} and leaders in the XBRL community.

As SASB moves ahead with its merger with the International Integrated Reporting Council (IIRC), as well as its Group of Five efforts to harmonise sustainability reporting standards, global collaboration is intensifying – and this week has seen strong statements from IOSCO and the SEC.

Please share your recommendations and concerns to help improve this work. The public comment package includes the draft SASB XBRL Taxonomy and Preparer Guide, as well as a sample XBRL instance document and platform-specific guides.

Read more here and here.

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