SASB Oil & Gas – Services
SASB
Guidelines for effective, sustainable oil and gas services.
The SASB Oil & Gas – Services costs $2,500 USD, takes approximately 8 weeks, and requires around 40 hours of study. Renewal costs $0 USD every 12 months.
Key Strengths
- Industry-specific ESG metrics tailored to oil and gas services sector
- Developed by SASB, now part of the globally recognized IFRS Foundation
- Widely used by institutional investors and ESG analysts for comparability
- Covers material topics including GHG emissions, water management, and workforce safety
- Free to access and implement — no licensing fee for the standard itself
- Aligns with TCFD and integrates with ISSB sustainability disclosure standards
Ideal For
This standard is best suited for oil and gas services companies — including oilfield services, drilling contractors, and equipment providers — that want to align their ESG disclosures with investor-grade frameworks. It is particularly valuable for sustainability managers, investor relations professionals, and CFOs at publicly traded or institutional-investor-backed firms seeking to improve transparency and comparability of non-financial reporting.
Target Audiences
Relevant Roles
Industries
Alignment & Recognition
Accrediting Body
Scope
Overview
The SASB Oil & Gas – Services program establishes standards for sustainability reporting in the oil and gas services industry. Developed by the Sustainable Accounting Standards Board (SASB), the framework helps companies disclose essential environmental, social, and governance (ESG) metrics to investors and stakeholders. Historically, the SASB initiative began in 2011 to enhance transparency and encourage responsible business practices. The program’s standards consider factors like greenhouse gas emissions, water management, and labor practices. Major clients include both large oil firms and service providers who seek SASB certification to improve their risk management and reporting accuracy. The well-defined standards are applicable globally, helping organizations of all sizes better communicate their sustainability efforts and ultimately contribute to more informed investment decisions.
Requirements & Verification
Evidence Requirements
Organizations adopting the SASB Oil & Gas – Services standard are expected to disclose quantitative and qualitative data across SASB-defined topics including greenhouse gas emissions (Scope 1 and 2), air quality, water management, workforce health and safety, business ethics, and management of the legal and regulatory environment. Disclosures are typically included in annual reports, sustainability reports, or SEC filings, with metrics defined by SASB's industry-specific accounting metrics and activity metrics.
Prerequisites
Assessment Process
There is no formal exam for the SASB Oil & Gas – Services standard. Organizations self-select the standard and prepare disclosures aligned with SASB's defined accounting metrics and activity metrics for the oil and gas services industry. Disclosures may be subject to third-party assurance or internal audit review, but SASB itself does not conduct assessments or certify individual disclosures.
Renewal & Compliance
SASB standards are periodically updated by the IFRS Foundation (which absorbed SASB in 2022). Organizations are expected to monitor and adopt updated versions of the standard as they are released. There is no formal renewal cycle or fee for continued use of the standard; however, companies should review their disclosures annually and update them in line with any revised SASB metrics or ISSB guidance.
Accountability Model
Impact & Outcomes
Salary & Market Value
Professionals with demonstrated expertise in SASB-aligned ESG reporting in the energy sector typically command a premium in sustainability and investor relations roles. ESG reporting specialists in oil and gas can earn between $90,000–$150,000 USD annually in North America, though salary impact attributable specifically to SASB standard adoption is not independently published.
Employer Recognition
Consider Alternatives If...
Organizations outside the oil and gas services sector will find limited applicability, as the metrics are highly industry-specific. Companies seeking a broad, multi-industry ESG framework or a formal third-party certification with a public seal may prefer GRI, CDP, or ISO 14001 instead.
Alternative Programs
Frequently Asked Questions
Quick Facts
Certification
English
2014