About the SASB Taxonomy
The Value Reporting Foundation (VRF) has published the SASB taxonomy for digital reporting of environmental, social, and governance (ESG) disclosures. Digital reporting enables the reported ESG metrics to be available in a format that is machine- and human-readable. SASB reporting using the digital taxonomy will help analysts and investors compare ESG metrics across industries. The transformation to structured data is therefore beneficial for transparency and ease of access to ESG data.
The SASB taxonomy allows companies to ‘digitally tag’ ESG information within their current reporting format, which may include regulatory filings (e.g., Forms 10-K/Q with the US SEC, foreign equivalents, etc.). The taxonomy for SASB reporting has been designed to include the disclosure topics associated with accounting metrics and technical protocols and activity metrics for each industry.
At IRIS CARBON®, a group of XBRL experts studied the SASB taxonomy and used it to tag a sustainability report. If you would like to get an idea of how ESG metrics are going to be tagged going forward, have a look at our sample report below.