Big changes are on the horizon for corporate sustainability reporting in Europe with the Omnibus Simplification Package, set to be unveiled on 26 February. To be informed by the EU’s broader Competitiveness Compass, the omnibus aims to streamline regulatory requirements, particularly for small and medium-sized enterprises (SMEs).
Taxonomy development can feel like a daunting task, but it doesn’t have to be. Last week, the team at XBRL International hosted a 30-minute webinar to share practical insights and guidance on getting it right.
Why does the Digital Operational Resilience Act (DORA) need to integrate the Legal Entity Identifier (LEI)? As GLEIF’s Alexandre Kech explains in a recent blog, it’s because DORA aims to tackle a critical challenge: identifying and managing the risks associated with third-party ICT providers that underpin modern financial services.
On 13 December, the European Securities and Markets Authority (ESMA) published a consultation outlining its proposals to extend the European Single Electronic Format (ESEF) to sustainability reporting.