We are delighted to announce that this week the XBRL International Board of Directors approved the Report Packages specification to Recommendation status as the newest part of the XBRL standard. The now-final specification provides a single container for XBRL reports to reside in.
We are absolutely delighted to announce a new partnership between CDP and XBRL International, which aims to accelerate digital sustainability disclosure worldwide.
Marc Joffe, Senior Policy Analyst at The Cato Institute, highlighted the role of state-level reporting systems in shaping the implementation of the Financial Data Transparency Act (FDTA). Joffe’s insights shed light on how states could provide a model for FDTA execution.
Sue Lloyd, Vice-Chair of the ISSB, recently gave an overview of developments in sustainability reporting. Looking to the future, she acknowledged the importance of digital reporting in interoperability.
The new taxonomies, now promoted to Candidate Recommendation status, will free regulators from manually defining and maintaining their own lists, and improve the consistency and comparability of XBRL reports.