The Sustainability Accounting Standards Board (SASB) announced plans to build an XBRL Taxonomy to support sustainability reporting. The release points out, “By providing a common language for disclosing financially material sustainability information, SASB Standards facilitate the communication of comparable, consistent, and reliable data. By providing a common language for business reporting, XBRL can further enhance the quality and usefulness of SASB disclosures.”
SASB expects to release an exposure draft of the taxonomy and preparer’s guide for public comment later this year.
Read the release.