Sustainability Accounting Standards Boards (SASB): The SASB is US Corporation; the goal of this organization is to maintain sustainability accounting standards. It is a nonprofit organization that provides companies to maintain sustainability in the company. Principles: The Principles are the set of rules and regulation that made by a group of person of the society, and those principles have to follow by each member of the society. In accounting also some principles are made and it has to follow. Social aspect: The society is made with a common goal and aspects. The aspects differ from one society to another, but some common aspects are always same for all the members of the society. Company sustainability: The company sustainability is that the director and the employees of the company will use the resources (renewable as well as non renewable) in a sustainable manner. Sustainability Accounting Standards Boards (SASB) conceptual framework: SASB issues the conceptual framework for their members that contain definitions, aspects, principles, standards, and other important aspects, So that the member easily understand the concepts and implement this correctly. Environmental aspects: Environment involves everything in our surroundings. The company should use natural resources in an optimum manner, means full and effective utilization of resources is to be done. Sustainability standards: The companies have to follow some sustainability standards, they are basically voluntary in nature, but if the company uses this standard, then they get a positive response from the society. These standards are for the benefit of environment, society and other sectors. KLD 400Social (DSI) index: It is a stock index of 400 public companies. These companies have to follow certain social and environmental aspects. The companies related to gambling, alcohol, military weapons, and others are excluded from this list. To identify: The term or phrase that matches the given description.

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Chapter 1, Problem 16QS

To determine

Sustainability Accounting Standards Boards (SASB):

The SASB is US Corporation; the goal of this organization is to maintain sustainability accounting standards. It is a nonprofit organization that provides companies to maintain sustainability in the company.

Principles:

The Principles are the set of rules and regulation that made by a group of person of the society, and those principles have to follow by each member of the society. In accounting also some principles are made and it has to follow.

Social aspect:

The society is made with a common goal and aspects. The aspects differ from one society to another, but some common aspects are always same for all the members of the society.

Company sustainability:

The company sustainability is that the director and the employees of the company will use the resources (renewable as well as non renewable) in a sustainable manner.

Sustainability Accounting Standards Boards (SASB) conceptual framework:

SASB issues the conceptual framework for their members that contain definitions, aspects, principles, standards, and other important aspects, So that the member easily understand the concepts and implement this correctly.

Environmental aspects:

Environment involves everything in our surroundings. The company should use natural resources in an optimum manner, means full and effective utilization of resources is to be done.

Sustainability standards:

The companies have to follow some sustainability standards, they are basically voluntary in nature, but if the company uses this standard, then they get a positive response from the society. These standards are for the benefit of environment, society and other sectors.

KLD 400Social (DSI) index:

It is a stock index of 400 public companies. These companies have to follow certain social and environmental aspects. The companies related to gambling, alcohol, military weapons, and others are excluded from this list.

To identify: The term or phrase that matches the given description.

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