The UK’s Financial Reporting Council (FRC), which published its first Statement of Intent on Environmental, Social and Governance (ESG) in 2021, has updated its earlier statement setting out the areas that remain challenging in ESG reporting.
While the general direction of most major jurisdictions is towards improving, increasing, and mandating sustainability reporting, not everyone agrees that more needs to be done to support environmental, social and governance (ESG) disclosure.
In June last year the Value Reporting Foundation (VRF) – home to the SASB Standards and the Integrated Reporting Framework – were folded into the International Sustainability Standards Board (ISSB), under the auspices of the IFRS Foundation. So, what’s been happening to the SASB standards since then?
The European Central Bank (ECB) has published a set of initial, experimental climate-related statistical indicators to help analyse climate-related risk.
Reporting entities and regulators are constantly seeking to evolve requirements and processes to maintain financial stability. A recent podcast interviewing Invoke Software’s Joasia Popowicz touches on an upcoming evolution in the regulatory reporting world: the ECB’s plans for an Integrated reporting framework (IReF) and EBA’s plans for an Integrated Reporting System (IRS).
Major governments worldwide have implemented – or are working to implement – new initiatives mandating sustainability and climate-change related reporting. The aim is to better understand the financial risk faced by climate change, and, in some jurisdictions, to also understand the wider impact entities have on environmental social interests.
This week the US Securities and Exchange Commission (SEC) posted the updated EDGAR Filer Manual to the Federal Register. EDGAR provides guidance for filers in the US, helping ensure that electronic filings are made accurately.
The UK’s Financial Reporting Council’s (FRC) has an upcoming webinar, that will analyse what has been achieved so far, and what comes next for environmental, social and governance (ESG) reporting in the UK.
How will the Financial Data Transparency Act (FDTA) reshape municipal financial reporting in the US? The FDTA will require electronic reporting and machine-readable tagging (likely in XBRL) of state and local government financial data, boosting the ability of users — especially lenders — to undertake analysis and comparison.
XBRL International is delighted to be able to announce that Data Amplified, the annual conference on the future of business reporting, will be held on 16 and 17 October 2023 in Zurich, Switzerland.
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