Following a Hong Kong government announcement in October 2023, Hong Kong is taking strides to implement sustainability standards in line with those released by the International Sustainability Standards Board (ISSB).
We are very pleased to announce that Visma XBRLValidPro from Visma Connect is the latest XBRL Certified Software to achieve a “full house” of certification for all specification modules.
XBRL US recently released a new publication, “Digital First for California Climate Data,” highlighting the importance of digital data standards in climate reporting – and advocating for the adoption of XBRL for greenhouse gas (GHG) emissions reporting in California.
The Reserve Bank of India (RBI) has introduced a draft climate risk disclosure framework. Aimed at bolstering the resilience of regulated entities, the framework underscores the growing imperative for robust risk management in the face of climate change challenges – which are expected to have significant impact on reporting entities and pose financial stability risks.
Singapore will introduce mandatory climate-related reporting, in alignment with the International Sustainability Standards Board (ISSB) standards. The initiative, announced recently by the Singapore Parliament, aims to strengthen environmental accountability and transparency in the corporate sector.
EFRAG has published a second set (find the first set here) of technical explanations to assist stakeholders in implementing the European Sustainability Reporting Standards (ESRS).
The OIM Formula specification was recently published at Candidate Recommendation status, along with a conformance test suite. OIM Formula is the first step in a modernisation programme for XBRL Formula.
The European Banking Authority (EBA) has launched a public consultation on draft Implementing Technical Standards (ITS) in support of updated Pillar 3 disclosures and supervisory reporting requirements for operational risk.
The European Banking Authority (EBA) has launched a public consultation on draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) designed to clarify the composition of the new business indicator integral to the operational risk capital requirements calculation.
In the ongoing pursuit of globally comparable information for capital markets, the IFRS Foundation recently releases the Inaugural “Jurisdictional Guide for the adoption or other use of ISSB Standards (Preview)”.
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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.
