In early January, the European Supervisory Authorities, the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), published joint guidelines on environmental, social and governance (ESG) stress testing for national banking and insurance supervisors.
The Financial Reporting Council of Nigeria (FRCN) has launched a public consultation on an amended roadmap for adopting the International Sustainability Standards Board (ISSB) standards. The roadmap outlines how IFRS S1 and IFRS S2 will be phased in, with comments open until 20 January 2026.
This week the US Securities and Exchange Commission (SEC) Chair Paul Atkins issued a statement expanding a review of Regulation S-K, calling for public comment by 13 April 2026. The aim is to streamline disclosure requirements to increase relevance and avoid “clutter”.
Australia’s Productivity Commission has issued a wake-up call: it’s time to leave PDFs behind. In its final report on Harnessing Data and Digital Technology, released late last year, the Commission recommends making iXBRL based digital financial reporting mandatory for disclosing entities.
Do today’s financial statements tell us everything we need to know about intangibles? According to a new report from the European Financial Reporting Advisory Group (EFRAG), the answer is no.
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.
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