This standard aims to provide a framework for users and their respective organizations in assessing both the material sustainability and material stewardship of their operations using recognized industrial methods, resources, and practices built on the corrosion management framework. Some of these methods, resources, and practices are already covered in the corrosion management system framework; however, some are expanded upon within this standard using a material sustainability maturity model beyond the corrosion management framework. Therefore, this standard aims to empower material and corrosion professionals to better deliver value from a life cycle and circular economy standpoint while leveraging existing and emerging tools to support assets, operations, enterprises, stakeholders, and communities through the value chain.