The Tipping Point Fund on Impact Investing has awarded a combined US$500,000 in Grants to the International Integrated Reported Council (IIRC) and the Sustainability Accounting Standards Board (SASB). It is intended to support efforts to develop a global framework for impact reporting and sustainability disclosure.
The European Financial Reporting Advisory Group (EFRAG) has published two milestone reports. They set out recommendations to the European Commission (EC) on the development of EU sustainability reporting standards and on changes to EFRAG’s governance and funding if it were to expand its remit to non-financial standards.
Good news for financial reporting from Vietnam, where the Minister of Finance has approved the introduction of International Financial Reporting Standards (IFRS), in line with a previously announced schedule. According to the implementation scheme, IFRS reporting will begin on a voluntary basis from 2022, with mandatory application after 2025.
In their latest update on the development of international sustainability reporting standards and the establishment of a Sustainability Standards Board (SSB), the International Financial Reporting Standards (IFRS) Foundation Trustees have announced their views on strategic direction for the board.
The Sustainability Accounting Standards Board (SASB) has published its new SASB XBRL Taxonomy, now out for public comment. We encourage all with an interest in XBRL and the future of Environmental, Social, and Governance (ESG) reporting to submit feedback by 3 May 2021.
The International Organization of Securities Commissions (IOSCO) has made a forceful statement in support of global sustainability reporting standards and collaboration.
The Bank of England has unveiled its plans for renewing the way that it collects data. In ‘Transforming Data Collection from the UK Financial Sector: A Plan for 2021 and beyond,’ it sets out a decade-long effort to transform its ability to gather and make available high-quality, timely data.
We’ve been talking about the Open Information Model (OIM) in recent issues, with the release of a Candidate Recommendation set of specifications, moving inexorably towards final Recommendation status – and it will definitely be a big topic of conversation at our Data Amplified Virtual event.
Will the US be part of emerging consistent global sustainability standards? Remarks by John Coates, recently named acting director of the Division of Corporation Finance at the Securities and Exchange Commission (SEC), suggests that the answer might be yes, with the agency ready to play a leading role in the development of the new Sustainability Standards Board […]
XBRL US has written to the US Office of Management and Budget (OMB) on its proposal to add a further 12 databases to the Treasury’s Do Not Pay (DNP) web portal.
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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.
