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CaliforniaCARBESG

Climate disclosures take shape as California sets digital reporting course

By Editor on July 18, 2025

Last week the California Air Resources Board (CARB) released a FAQ document providing (a few) clarifications on the development of its Corporate Greenhouse Gas Reporting and Climate-Related Financial Risk Disclosure programmes. The guidance is designed to help companies prepare for the first climate-related financial risk disclosures, due by 1 January 2026.

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CaliforniaCARBESGUS

California holds the line on climate disclosures with no time to coast

By Editor on July 18, 2025

Following its release of detailed FAQs on climate reporting rules, the California Air Resources Board (CARB) has made it clear that deadlines under the state’s landmark climate disclosure laws (SB 253 and SB 261) are here to stay.

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AIBlogMCP

AI is making expensive mistakes with business data. Here’s a fix

By Editor on July 18, 2025

Too many AI tools analysing company financials are working with messy PDFs and unstructured text, leading to hallucinations and errors that could cost millions. Meanwhile, there’s a goldmine of clean, structured financial data sitting in XBRL filings that AI systems have (too often) been ignoring.

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Calc 1.1SpecXII News

New webinar unpacks upgraded validation features in Calc 1.1

By Editor on July 18, 2025

XBRL International recently hosted a fast-paced 30-minute webinar diving into Calculations 1.1, the latest upgrade to XBRL’s calculation rules. If you missed it, no worries: the recording is now available.

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CSRDESRSOmnibus

Commission offers ESRS “quick fix” to ease early reporting burden

By Editor on July 18, 2025

The European Commission has adopted a “quick fix” to the European Sustainability Reporting Standards (ESRS), aimed at reducing immediate pressures on wave one companies, meaning those already subject to corporate sustainability reporting for financial year 2024 onwards.

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Cross-borderFSBG20

FSB sharpens focus on climate risk, data quality, and cross-border coordination

By Editor on July 18, 2025

At the recent G20 meeting in Durban, new Financial Stability Board (FSB) Chair Andrew Bailey laid out his strategic vision, backed by a fresh update to the Roadmap for Addressing Climate-related Financial Risks.

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Digital reportingImplementationUK

UK commits to full digital reporting

By Editor on July 13, 2025

The UK is set to close a major digital gap in financial reporting. From 1 April 2027, all private and public company accounts must be filed via commercial software, under new measures introduced by the Economic Crime and Corporate Transparency Act.

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AnalysisDataSECtoolsUS

SEC updates rich XBRL data sets for analysts and innovators

By Editor on July 13, 2025

The US Securities and Exchange Commission (SEC) has released its latest update to the Financial Statement and Notes Data Sets, covering filings through June 2025.

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EUEuropean CommissionOmnibusTaxonomy

EU eases (that other) taxonomy burden to boost competitiveness

By Editor on July 13, 2025

Earlier this month the European Commission adopted a package of simplifications to the EU ESG Taxonomy framework, designed to cut red tape and reduce administrative burden on companies.

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ConsultationISSBSASB

ISSB opens consultation on SASB standards update

By Editor on July 13, 2025

The International Sustainability Standards Board (ISSB) launched a major consultation on 3 July, proposing updates to the SASB Standards to align industries, and changes to implementation guidance for IFRS S2 Climate-related Disclosures.

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