“Unless the data is comparable, unless the data can be used easily, unless the data can be analysed, it’s no use having all this [sustainability reporting],” says CA (Dr) Debashis Mitra, Past President of the Institute of Chartered Accountants of India (ICAI).
Issuers in South Africa can now use the IFRS Sustainability Disclosure Taxonomy (also called the ISSB taxonomy) to report sustainability data digitally.
The Government of Canada has continued its multi-year push toward ESG reporting by announcing mandatory climate-related financial disclosures for large, federally incorporated private companies.
As carbon pricing schemes expand, their growing presence is poised to reshape financial reporting, with dwindling free carbon allowances set to bring these programmes into sharper focus on company balance sheets.
This week the International Sustainability Standards Board (ISSB) announced plans for harmonising the sustainability disclosure landscape during the IFRS Foundation Conference at London Climate Action Week.
Earlier this month the European Supervisory Authorities (EBA, EIOPA, and ESMA – collectively ESAs) published a joint Opinion on improving the Sustainable Finance Disclosure Regulation (SFDR).
The Taskforce on Nature-related Financial Disclosures (TNFD) and the European Financial Reporting Advisory Group (EFRAG) recently released a correspondence mapping of the European Sustainability Reporting Standards (ESRS) and TNFD’s recommended disclosures.
The Global Reporting Initiative (GRI) recently launched a public consultation for its new GRI Sustainability Taxonomy draft, open until 11 August. To delve deeper into this initiative, XBRL International recently spoke to Piers Horner, who led the development of the taxonomy:
New technologies such as machine learning and generative AI are creating exciting new opportunities for understanding business performance. In particular, they can crack open relatively intractable data that is difficult to analyse conventionally, making it easier to access new insights without deep technical knowledge. In my last blog post I began to explore how GPT-4 […]
The Securities and Exchange Commission (SEC) have decided to hit pause on the implementation of the Final Rules regarding climate-related disclosures for investors. Originally set to kick in from 2026, the effective date has been postponed while the (varied!) legal challenges are dealt with.
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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.
