Proposed Changes to the SASB Apparel, Accessories & Footwear Standard. Invitation to Comment on Expo

31 Overview The following exposure draft proposes changes to the Apparel, Accessories & Footwear Standard on the disclosure topic of Raw Materials Sourcing and its associated metrics, CG-AA-440a.11 and CG-AA-440a.2.2 The basis for conclusions summarizes the considerations of the SASB Standards Board in developing the exposure draft, including how the proposed changes were guided by the SASB Concep. [...] Question 3: Do the proposed changes to the quantitative metric (CG-AA-440a.2) improve the comparability, completeness, and usefulness of disclosures? The proposed changes to the quantitative metric4 add a disclosure on total priority raw material purchases to improve the completeness of disclosure and usefulness for investors. [...] 2 The basis for conclusions is organized as follows: a) Summary of proposed changes b) Why was the project added to the standard-setting agenda? c) How was the exposure draft developed? d) What is the basis for the Board’s proposed changes to the standard? e) Additional deliberations Summary of proposed changes 3 The Board proposes revisions to the metrics for the Raw Materials Sourcing disclosure. [...] What is the basis for the Board’s proposed changes to the standard? 13 The proposed revisions aim to enhance the completeness, comparability, alignment, and verifiability of the two associated metrics in the Raw Materials Sourcing disclosure topic. [...] 26 The proposed revision to the quantitative metric includes an additional data point on the amount purchased of each priority raw material to provide the broader context and improve the completeness of the resulting disclosure.