Sustainability Accounting Standards Board

Financial accounting and financial statements have been based on double-entry bookkeeping for centuries, but does the traditional double-entry system really take into account everything that needs to be reported today? For example, is the value of time properly accounted for? What about environmental issues? Or intellectual capital?

The Sustainability Accounting Standards Board is trying to improve reporting for all forms of capital. Their vision is, “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 public’s interest.”

More information can be found on their website,