The Sustainability Accounting Standards Board has published new guidance to help investors use SASB standards to engage better with the companies where they own and manage shares.

The SASB Engagement Guide for Asset Owners & Asset Managers includes industry-specific guidance for asset owners and managers. SASB standards cover sustainability issues for 79 industries. For every industry, the guide provides some questions that investors can ask to assess the long-term risks at companies.

"Sustainability issues can impact financial performance in specific ways that vary by topic and industry," said SASB Director of Capital Markets Policy & Outreach Janine Guillot in a statement. "Investors can use the SASB Engagement Guide to identify which sustainability issues are likely to be material to which industries, and ask the questions that will help evaluate and compare performance in the context of industry characteristics and value drivers."