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SASB

 

SASB (Sustainability Accounting Standards Board) was launched in 2011 as an independent standard-setting entity in order to develop industry-specific sustainability disclosure standards tied to the concept of materiality for investors (i.e. sustainable topics that are reasonably likely to have a material impact on financial performance). Standard-setting is accomplished through a rigorous process that includes evidence-based research and broad, balanced stakeholder participation.

SASB has developed a complete set of 77 industry-specific standards which were published in November 2018. They identify the minimal set of sustainability topics and their associated metrics that are financially material, and which a typical company in an industry should disclose.

Total adopted the SASB standards in 2020, starting with the use of SASB’s Oil & Gas Exploration & Production standard. The following document is Total’s first SASB disclosure. It will be periodically updated.