The European Parliament and EU member states have reached a political agreement on 7 March on the new rules governing disclosure requirements for sustainability investments. This latest agreement is part of the EU’s Action Plan on Financing Sustainable Growth.
XBRL International has provided a comment letter on the EU’s draft report on climate-related disclosures, urging the EU to help work to make this kind of reporting comparable, digital, discoverable and accessible.
In its response to the SEC regarding the “Concept Release on Business and Financial Disclosure Required by Regulation S-K”, the Sustainability Accounting Standards Board (SASB) pushed the SEC to broaden its use of XBRL. In response to the question as to how the quality of structured disclosures can be enhanced, SASB called for the voluntary XBRL […]
Investors are concerned with sustainability and are eager for hard data to support their investment decisions.
GRI’s Digital Reporting Alliance will seek to address underutilisation of sustainability data by promoting the reporting of that data using XBRL,
Now, more than ever, there is a greater need for alignment, measurement and communication through the sustainability reporting process to enable a strong private sector contribution to Sustainable Development – GRI Deputy Chief Executive Teresa Fogelberg. We agree.
What does the future hold? We have no idea of course. But it is fundamental to the human condition to wonder, to speculate and prognosticate. The Global Reporting Initiative (GRI) has released a video on trends its stakeholders see through 2025 with a focus on sustainability issues. Prominently mentioned were the opportunities presented by a […]
The Financial Stability Board has launched an an initiative to create climate-related financial risk disclosures for use by companies in providing information to lenders, insurers, investors, regulators and other stakeholders.
The use of XBRL for sustainability reporting got a boost as the World Bank has started publishing its own annual sustainability report in XBRL using the GRI Taxonomy.
The Carbon Disclosure Project has announced a public consultation period for its new 2014 Climate Change Taxonomy. The purpose of this taxonomy is to improve data quality and accessibility, align environmental reporting models with those used for financial reporting and make data consistent with other sustainability frameworks using XBRL such as the Global Reporting Initiative […]
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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.
