With the EU’s Sustainable Finance Disclosure Regulation (SFDR) now in force since 10 March 2021, Workiva – XBRL software provider and XBRL International sustaining partner – have some valuable insights on SFDR, its implications for business, and the development of environmental, social and governance (ESG) reporting.
The Financial Stability Board (FSB) has published its final report on the impacts of too-big-to-fail (TBTF) reforms for systemically important banks (SIBs), implemented following the global financial crisis. It found that the reforms have made banks more resilient and resolvable, and have reduced systemic and moral hazard risk.
The UK’s Department for Business, Energy & Industrial Strategy (BEIS) has published a consultation on mandatory disclosures in line with the recommendations of the Task Force on Climate-related Financial Disclosure (TCFD).
The issue of investment stewardship is an increasingly visible one, thanks to the expansion of passive investment and expanded investor focus on ESG. It’s a topic we’re sure to explore further in the future, particularly with a view to the way that transparency can contribute to the functioning of markets in this field.
Finance leaders are facing new demands for environmental, social and governance (ESG) disclosure, but why should finance departments be responsible for ESG data at all? Wes Bricker has insights in his piece in FEI Daily, ‘Finance Leaders Own ESG Reporting. Here’s Why That’s A Good Thing.’
Continuing its recent focus on climate, the US Securities and Exchange Commission (SEC) is seeking comments from the public on its climate change disclosure rules and related guidance, and whether and how they should be modified.
The Tokyo Stock Exchange (TSE) has launched a new web portal, JPX English Disclosure GATE, to promote better English disclosure from listed companies and increase investment opportunities for overseas investors.
The European Securities and Markets Authority (ESMA), has written to the European Commission with its proposals to improve the EU Transparency Directive following the Wirecard case.
The International Organization of Securities Commissions (IOSCO) has made a forceful statement in support of global sustainability reporting standards and collaboration.
On 24 February, SEC Acting Chair Allison Herren Lee released a ‘Statement on the Review of Climate-Related Disclosure’ in which she directed the Division of Corporation Finance to “enhance its focus on climate-related disclosure in public company filings.”
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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.
