Guest blog by Jacques Urlus, Chairman of the XBRL Netherlands Foundation. EFRAG has announced that the first final version of its taxonomy for ESG information will be released at the end of September. That leaves 14 months for the first listed companies to release their formatted annual reports containing the tagged ESG information.
The European Parliament has voted in favour of significant new rules designed to reshape corporate practices and strengthen accountability for the environmental and social impacts of companies.
The European Supervisory Authorities (EBA, EIOPA, and ESMA) have released a Progress Report outlining a common understanding of greenwashing in the financial sector. Greenwashing can refer to intentionally or unintentionally offering misleading sustainability information and – unsurprisingly – the ESA’s report highlights lack of data as a cause.
The International Accounting Standards Board (IASB) recently proposed amendments to the IFRS for SMEs Accounting Standard, aiming to assist small- and medium-sized entities (SMEs) in addressing international tax reform. This marks the first instance where the IASB has suggested urgent amendments to the Standard outside of its regular review process.
The European Banking Authority (EBA) has published its final draft Implementing Technical Standards (ITS) for the benchmarking exercise in 2024.
The International Federation of Accountants (IFAC) and the We Mean Business Coalition (WMBC), in collaboration with Accounting for Sustainability (A4S), Global Accounting Alliance (GAA), and World Business Council for Sustainable Development (WBCSD), recently released a guide to help accountants navigate the world of greenhouse gas (GHG) reporting.
The Bank of England’s Prudential Regulation Authority (PRA) recently published a Public Working Draft (PWD) of their latest Banking Taxonomy – version 3.7.0.
South Korean authorities are set to tackle the country’s valuation gap with a comprehensive set of reforms that aim to enhance the visibility and attractiveness of Korea’s public markets.
Regnology, a leading provider of regulatory reporting solutions, is making waves in the industry with its plan to acquire Invoke, a prominent French-based financial, regulatory, and tax reporting solutions provider. This strategic move marks Regnology’s fifth acquisition in less than a year.
The International Federation of Accountants (IFAC), Transparency International UK (TI-UK), and the World Economic Forum’s Partnering Against Corruption Initiative (the Forum’s PACI) have jointly conducted a comprehensive review of anti-corruption corporate reporting by the largest publicly traded companies worldwide.
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