Which tasks are typically pursued at the start of the fiscal year when pursuing SASB reporting?

Which tasks are typically pursued at the start of the fiscal year when pursuing SASB reporting?

• A. Define performance goals and KPIs; Establish timeline and processes for data collection; Align with leadership, committees, business units, and other key players on reporting goals, KPIs, timeline, and process; Establish process of internal review.
• B. Define performance goals and KPIs.
• C. Establish process of external assurance.
• D. Align with leadership, committees, and units.

Answer: (A)

At the start of the year, SASB reporting hinges on setting up a solid planning and governance foundation. Defining performance goals and KPIs gives the organization clear targets to strive for and measure against throughout the year. Establishing a timeline and data collection processes creates the schedule and the mechanisms needed to actually gather the required information in a timely way. Aligning with leadership, committees, business units, and other key players on reporting goals, KPIs, timeline, and process ensures across-the-board ownership and consistent direction, so everyone understands what will be reported and how. And setting up an internal review process builds in quality checks early, helping catch issues before data is shared externally. This combination of goals, processes, alignment, and internal review is what typically gets put in place at the outset to enable a smooth, reliable SASB reporting cycle. External assurance, while important, is usually arranged after data and internal review are in place.

At the start of the year, SASB reporting hinges on setting up a solid planning and governance foundation. Defining performance goals and KPIs gives the organization clear targets to strive for and measure against throughout the year. Establishing a timeline and data collection processes creates the schedule and the mechanisms needed to actually gather the required information in a timely way. Aligning with leadership, committees, business units, and other key players on reporting goals, KPIs, timeline, and process ensures across-the-board ownership and consistent direction, so everyone understands what will be reported and how. And setting up an internal review process builds in quality checks early, helping catch issues before data is shared externally. This combination of goals, processes, alignment, and internal review is what typically gets put in place at the outset to enable a smooth, reliable SASB reporting cycle. External assurance, while important, is usually arranged after data and internal review are in place.