In line with overall trends towards environmental transparency, a recent survey conducted by Boston Consulting Group (BCG) and CO2 AI has revealed that over 50% of companies are now disclosing at least some of their Scope 3 value chain emissions. This marks a significant increase from approximately a third reported two years ago.
The UK Financial Conduct Authority (FCA) has presented insights into how Authorised Fund Managers (AFMs) are aligning with regulatory expectations in their presentation of Environmental, Social, and Governance (ESG) information. The FCA’s evaluation assesses adherence to Guiding Principles provided in a letter sent to AFMs in July 2021.
The European Financial Reporting Advisory Group (EFRAG) has recently published a study shedding light on the effects of the adoption of IFRS 15.
In a recent interview with Mr Lee Byungrhae (이 병 래 ), Secretary General of XBRL Korea and Vice Chairman of the Korean Institute of Certified Public Accountants, he highlighted the pivotal role of XBRL expansion in fortifying global trust, addressing the “Korea discount,” (international valuation gap) and enhancing corporate transparency.
The International Sustainability Standards Board (ISSB) recently convened at its newly established office in Beijing, China. The week included a number of updates, culminating in the Beijing International Sustainability Conference on 17 November.
A blog post by Global Legal Entity Identifier Foundation (GLEIF) CEO Stephan Wolf provides a tantalising view of a new approach to digital identity for business reports (amongst countless other things).
The UK’s Financial Reporting Council (FRC) recently shared its insights into companies’ initial application of IFRS 17, which marked a shift in insurance contract accounting. The thematic review assesses interim financial statements from ten companies, offering a nuanced view of their IFRS 17 disclosures.
Perhaps unsurprisingly considering stories surrounding greenwashing, a recent survey by PwC reveals rising investor apprehension around corporate sustainability reporting. A shocking 94% of respondents expressed concerns about unsupported claims, up from 87% in the previous survey, highlighting the growing challenge of greenwashing.
In a bid to enhance the clarity of information reported under the Sustainable Finance Disclosure Regulation (SFDR), the Dutch Authority for the Financial Markets (AFM) has proposed some changes.
As our regular readers will know, we’ve been exploring some of the filing issues that crop up in comment letters to individual companies from the US Securities and Exchange Commission (SEC).
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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.
