Summary of Meeting Outcomes Public Standards Board Meeting

Summary of Meeting Outcomes Public Standards Board Meeting May 5, 2021 The following represents a staff summary of the outcomes of a public meeting of the Sustainability Accounting Standards Board (SASB). [...] • The Board had several key comments related to human capital issues addressed in each work tranche and the prioritization of the work tranches which included: o Overall agreement on the prioritization of the work tranches proposed by Staff, including prioritizing the Workplace Culture theme around diversity and inclusion and Industry-Agnostic Human Capital information; o Overall agreement that th. [...] • Next steps in the project consist of presenting to the Standards Board finalized recommendations on the Staff’s full work plan to address the themes reviewed during the research project and a set of initial projects related to the first tranche of human capital work. [...] Based on the Board discussion, the research project will remain ongoing, focusing on understanding the scope and prevalence of alternative product strategy within the Processed Foods industry. [...] Standard Setting Projects Tailings Management in Extractives • Staff presented the results of the recent public comment period and facilitated a discussion with the Board on two topics – the appropriate level of alignment between the standard and the GISTM, and potentially providing definitions for the terms “material findings” and “significant incidents” • The Board discussed the purpose of align.