EFRAG Taxonomy Approved!
At its meeting this week, EFRAG’s Sustainability Reporting Board (ESRB) approved the draft European Sustainability Reporting Standards (ESRS) XBRL Taxonomy.
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Unlocking DER energy data with standards
Hudson Hollister, Founder and CEO of HData, sheds light on how structured data could be used to optimise the landscape of Distributed Energy Resources (DERs) in a recent article.
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Global preparations ensue for EU’s CSRD
The last few years have seen a paradigm shift in Environmental, Social, and Governance (ESG), with several new pivotal reporting frameworks. The Corporate Sustainability Reporting Directive (CSRD) is perhaps the most pressing new regulation in this space, requiring immediate attention from global corporations.
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Structured data could unlock AI’s potential in finance
One item in particular over the holiday break caught our attention. Research by Patronus AI highlighted apparent challenges faced by large language models (LLMs), such as OpenAI’s GPT-4, in analysing financial data contained in US Securities and Exchange Commission (SEC) filings.
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EBA embraces the ‘daisy chain’ framework with ITS for MREL and TLAC
The European Banking Authority (EBA) has released its final draft Implementing Technical Standards (ITS) supporting amendments to disclosure and reporting requirements for the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) and the Total Loss Absorbency Requirement (TLAC).
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XBRL US offers insights on FERC’s transition to xBRL-CSV
XBRL US has issued a comment response letter in support of the US Federal Energy Regulatory Commission’s (FERC) proposed rule change (Docket No. RM23-9-000) on the transition of Electric Quarterly Report (EQR) data collection to xBRL-CSV.
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FASB seeks input on proposed GAAP taxonomy improvements
The US Financial Accounting Standards Board (FASB) has released proposed GAAP Taxonomy Improvements for public comment.
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EDGAR upgrade supports SEC fund names rule taxonomy
In late December last year the US Securities and Exchange Commission (SEC) updated its EDGAR system to version 23.4, providing support for the new Fund (FND) Taxonomy, which has been specifically tailored for tagging elements associated with the recent final rule on Investment Company Names.
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FERC enhances XBRL filing with version update
The US Federal Energy Regulatory Commission (FERC) is advancing its XBRL filing process with the release of Version 2024-04-01 for FERC Forms. Effective from the first quarter of 2024, this update encompasses taxonomies, validation rules and rendering files for Forms 1, 1-F, 2, 2-A, 3-Q electric, 3-Q natural gas, 6, 60, and 714.
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CDP calls for data-backed transparency in wake of COP28
In response to COP28 outcomes, CDP CEO Sherry Madera celebrates the global agreement to shift from fossil fuels but urges a more robust stocktake with a clear, sustainability data-based roadmap. Acknowledging progress, Madera emphasises the pivotal role of robust data and transparency.
