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European parliament votes to retain reporting standards for EU listed companies

October 22, 2023

With a narrower majority than expected, the European Parliament has chosen to uphold the European Sustainability Reporting Standards (ESRS), safeguarding them from potentially being scrapped this week.

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Implicit XBRL mandate here to stay for Swiss climate reporting

October 22, 2023

Digital climate disclosures are coming to Switzerland. Xenia Karametaxas, Sustainable Finance Policy Advisor to the Swiss State Secretariat for International Finance, spoke to independent analyst and investor Christian Dreyer CFA on Monday 16 October at Data Amplified 2023.

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Calc 1.1-certified software products now available

October 22, 2023

At this week’s Data Amplified conference in Zurich, XBRL International announced the first software products to be certified for the new Calculations 1.1 specification.

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FRC seeks information from XBRL software vendors

October 22, 2023

On 1 November, the UK’s Financial Reporting Council (FRC) will host a pre-tender market engagement webinar to gain market insight related to the development of an Inline XBRL viewer tool, as part of its Company and Organisational Data Explorer (CODEx) project.

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South Korea delays ESG disclosure mandates

October 22, 2023

Recent developments in Korea include a shift in mandatory sustainability-related disclosure timelines.

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California enacts first mandatory climate disclosure law in the US

October 16, 2023

California’s Governor Gavin Newsom has signed two landmark climate-disclosure bills, SB 253 and SB 261, into law, effective on companies from 2026.

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Launch of Transition Plan Taskforce framework

October 16, 2023

The launch of the Transition Plan Taskforce (TPT) best practice disclosure framework at the London Stock Exchange on Monday this week brought together an impressive roster of speakers to discuss the significance of effective transition plan disclosures in driving at-scale climate transition.

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FASB to host public roundtable on income statement expense disclosures

October 16, 2023

The Financial Accounting Standards Board (FASB) is organising a public roundtable for 13 December to discuss the proposed Accounting Standards Update (ASU) related to the Income Statement under US GAAP.

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Becoming Meta

October 16, 2023

The FASB has released for comment a note on its latest plans to utilise a “meta model”, a mechanism to add a range of metadata to the US GAAP taxonomy.

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IASB proposes updates to IFRS Accounting Taxonomy 2023

October 16, 2023

The International Accounting Standards Board (IASB) has published a proposed update to the IFRS Accounting Taxonomy 2023.

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