The Sasb Foundation
The Sasb Foundation
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About this organization
Mission
The mission of the SASB Foundation is to support the work of the SASB and provide the market with education and resources that advance the use of SASB standards and the field of sustainability accounting. The SASB develops and maintains sustainability accounting standards—for 79 industries in 11 sectors—that help public corporations disclose financially material information to investors in a cost-effective and decision-useful format. The SASB’s transparent, inclusive, and rigorous standards-setting process is materiality focused, evidence-based and market informed.
About
SASB envisions a world where all forms of capital are accounted for and managed. With SASB industry-specific standards in place, companies compete and improve performance on the sustainability issues that matter most and investors drive capital to the most sustainable outcomes. SASB defines sustainability as environmental, social and governance factors that have the potential to affect long-term value creation and/or are in the publics interest.SASB is accomplishing this through intensive evidence-based research of material issues within industry; convening working groups to establish accounting metrics; partnering with the accounting profession to develop auditing protocols; and providing education with regard to recognition and accounting of material non-financial issues.
Interesting data from their 2019 990 filing
According to the filing, the non-profit's mission is “Refer to form 990 page 1 part 1 with continuation on schedule o.”.
When referring to its actions, they were described as: “The mission of the sustainability accounting standards board (sasb) foundation is to establish and maintain dis- closure standards regarding sustainability matters that facilitate communication by companies to investors of decision-useful information. [continued schedule o]”.
- According to the law, the state of operation reported by the non-profit is CA.
- As per the filing, the address of the non-profit for 2019 is 1045 Sansome Street 450, San Francisco, CA, 94111.
- According to their form, the non-profit as of 2019 has a total of 43 employees.
- The non-profit has loans outstanding as of 2019.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $6,826,282.
- The CEO compensation plan of the organization is determined by an independent party's review and approval.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 18 independent voting members.
- The organization was formed in 2011.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization engages in lobbying activities.
- The organization pays $5,095,386 in salary, compensation, and benefits to its employees.
- The organization pays $828,334 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has a business related organization transaction.
- The organization's financial statements were reviewed by an accountant.