SASB Taxonomy

ESG
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Disclosure
October 4, 2023

The SASB Taxonomy was designed for companies to report their ESG information that follows SASB Standards in a structured, machine-readable data format (i.e., XBRL) to the investor and analyst community and other users of companies’ non-financial information.The intent is for 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.), Corporate Social Responsibility reports, or other reporting channels.

SASB Standards XBRL Preparer Guide

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Benchmarking

Benchmarking ESG peers enhances a company's sustainability efforts by identifying best practices, improving performance, ensuring regulatory compliance, and increasing transparency.
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MiFID II

MiFID II stands for the "Markets in Financial Instruments Directive II." It's a law in the European Union (EU) that regulates companies providing services linked to financial instruments (like stocks, bonds, units in collective investment schemes, and derivatives) and the places where those instruments are traded (like stock exchanges). Think of it as a set of rules to make financial markets more transparent, safe, and fair for everyone, especially for individual investors.
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IDD (Insurance Distribution Directive)

The IDD is about setting EU-wide rules for selling insurance products. It came into effect in October 2018.
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European Sustainability Reporting Standards (ESRS)

The European Sustainability Reporting Standards (ESRS) are a set of standards developed under the mandate of the Corporate Sustainability Reporting Directive (CSRD) by the European Financial Reporting Advisory Group (EFRAG). The ESRS aims to provide a unified framework for sustainability reporting within the European Union, enhancing the consistency, comparability, and reliability of sustainability information provided by companies.
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Green Hushing

Green hushing is a term that refers to the practice of downplaying or concealing the environmental impact of certain activities or products by emphasizing their perceived or claimed green or eco-friendly attributes.
Disclosure

SEC and ESG

Based on the guidance from the SEC and its staff to date, companies should consider topics related to material impacts caused by climate change, among other things, in preparing their SEC filings and providing appropriate disclosures.