The International Financial Reporting Standards (IFRS) Foundation consultation on sustainability standards drew to a close recently, with almost 500 responses filed. Among them was XBRL International’s response on behalf of the wider XBRL community.
Investors need high-quality, comparable environmental data that captures intangibles and is aligned with financial reporting. That’s the conclusion of Christian Dreyer, a leading analyst and independent investor and until recently the CEO of CFA Society Switzerland.
2020 saw significant momentum build for non-financial (sustainability) standards. The year kicked off with a paper from Accountancy Europe proposing that a new sustainability standards board be launched under the auspices of the IFRS Foundation, and ended with the IFRS consulting on just that.
Following the recent announcement that the Sustainability Accounting Standards Board (SASB) is converting its 77 standards into an XBRL taxonomy, XBRL US and SASB held a webinar this week to dive into the practicalities of digital sustainability reporting.
The Monetary Authority of Singapore (MAS) has issued finalised Environmental Risk Management Guidelines for banks.
This week the European Securities and Markets Authority (ESMA) published a supportive response to the IFRS Foundation’s consultation on establishing a new Sustainability Standards Board (SSB).
The past year has seen growing consensus on the need for non-financial reporting standards in order to mitigate climate-related financial risks and help investors divert capital towards more sustainable ends. However, sustainability reporting is a complicated task, and a number of difficult questions need to be answered before effective standards can be established.
In other sustainability standards news, the US Securities and Exchange Commission’s (SEC’s) Asset Management Advisory Committee recently published its recommendations on Environmental, Social and Governance (ESG) disclosure.
Want to know more about how machine-readable sustainability data will be prepared, reported and analysed in practice? As demand for Environmental, Social and Governance (ESG) data continues to grow amongst investors globally the Sustainability Accounting Standards Board (SASB) has begun work on an XBRL taxonomy designed to represent its set of 77 industry standards. Sign […]
Sustainability Accounting Standards Board (SASB) CEO, Janine Guillot, believes that the IFRS Foundation’s Consultation Paper on Sustainability Reporting is the most significant development in accounting standard-setting since the creation the IASB in 2001. And, with the stakes this high, she argues that it’s crucial to get it right.
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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.
