On 26 March 2026, the US Federal Energy Regulatory Commission (FERC) will adopt its latest suite of taxonomies, validation rules, and rendering files for its regulatory forms. The updated taxonomies are already available for testing, open for feedback until 2 March.
In late December, the Chinese Ministry of Finance (MoF) quietly took a big step in the global climate reporting race, issuing Corporate Sustainability Disclosure Standard No. 1, Climate (Trial), a framework it says is generally aligned with IFRS S2 Climate-related Disclosures.
Philippine companies have been told, politely but firmly, that sustainability reporting is no longer a nice to have. In December, the Philippine Securities and Exchange Commission adopted Philippine Financial Reporting Standards (PFRS) S1 and PFRS S2 and approved Sustainability Reporting Guidelines, plus a phased roadmap for publicly listed companies and large non listed entities.
In mid-December, the European Financial Reporting Advisory Group (EFRAG) published a discussion paper on the connectivity of financial and sustainability reporting. The goal? To close the gap between what companies say about climate and social impacts, and what they report in their financial statements.
This week, XBRL International moved the Open Information Model (OIM) from concept towards implementation with the publication of XBRL Taxonomy Model Requirements 1.0, a first, structured statement of what an OIM-based taxonomy model must deliver.
Tom Wacha, Director of XBRL Product Management at Workiva and a member of XBRL International’s Best Practices Board, has contributed a guest blog emphasising the importance of secure and robust test environments in XBRL reporting.
This week XBRL US published a compelling white paper that makes a strong case for digitising climate-related data using a common semantic data model.
Across 2025, a steady stream of implementation stories showed XBRL gaining ground as regulators and governments push for more reliable, machine-readable reporting. From Europe to South Asia, the year’s updates point to a clear direction of travel: digital-by-default filing, stronger validation, and wider coverage across sectors.
XBRL International’s Best Practices Board has published new draft guidance on using xBRL-CSV Table Constraints to improve validation efficiency for large, granular datasets. This approach embeds simple validation rules directly into the xBRL-CSV metadata, enabling early error detection as data is initially processed.
In 2025, artificial intelligence became a key topic in financial reporting – but if we want trustworthy results, we need trustworthy inputs. A run of commentary and explainers made the case that structured digital reporting is not an “extra” for AI; it’s the enabling infrastructure.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
