“As organizations pack their reports with more information, the workload is increasing but so is the opportunity to tell a compelling story,” argues a brief but thought-provoking recent article in CFO Dive.
The value of data in the financial sector was a key theme in a recent podcast with Sander Middendorp, CEO of SBR Nexus, reported on the Banken.nl website.
With COP26 upon us, it is no surprise that climate and sustainability have been at the forefront of our minds around the world in recent days and weeks. In the UK, a number of announcements are set to have important impacts for reporting into the future.
The UK Financial Reporting Council’s Financial Reporting Lab is celebrating its tenth birthday, and ICAEW has marked the occasion with an interview with its Director, Phil Fitz-Gerald.
As we recently reported, the Value Reporting Foundation has released the SASB Standards XBRL Taxonomy, enabling digital tagging of sustainability reporting using the SASB (formerly Sustainability Accounting Standards Board) set of standards, and hence improved comparability and analytical capabilities.
A new post from Workiva’s Steve Soter offers his take on forthcoming enhanced climate disclosure rules, expected from the US Securities and Exchange Commission (SEC).
On 14 October, the White House published ‘A Roadmap to Build a Climate-Resilient Economy’ for the US. It outlines both a climate risk accountability framework and, based on these guiding principles, a whole-of-government implementation strategy to address climate-related financial risk.
The Task Force on Climate-related Financial Disclosures (TCFD) has published its 2021 Status Report. It finds that disclosure in line with the TCFD’s recommendations has accelerated significantly, growing by 9% in 2019–20.
For those interested in the development of the proposed International Sustainability Standards Board (ISSB), a webcast from the International Financial Reporting Standards (IFRS) Foundation is important viewing.
Japan’s Financial Services Agency (FSA) is likely to require mandatory climate disclosures as early as April next year, covering carbon emissions as well as other climate-related risks.
Join our Newsletter mailing list to
stay plugged in to the latest
information about XBRL around the world.
By clicking submit you agree to the XBRL International privacy policy which can be found at xbrl.org/privacy
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.
