The US House of Representatives’ Financial Services Committee just created a Diversity and Inclusion subcommittee (the first in the nation’s history) to examine this important human capital topic and to understand what companies are disclosing this data, why and how the capital markets and government can support better disclosure. The financial services committee has Congressional oversight of the US SEC, PCAOB and the accounting and auditing profession, How Can Diversity and Inclusion Support a Company’s Business Case?
Approximately 1 in 5 investment dollars in the USA is going to sustainability finance but we are not hearing any action by the US SEC to support this capital markets efforts to provide better transparency and accountability
With the recent news that the European Securities and Markets Authority (ESMA) has published a feedback statement setting out the use of Inline XBRL as the digital format which public companies in the European Union (EU) must use to report their company information to investors worldwide from...
Powerful mandates requiring XBRL include : The European Securities Market Authority (ESMA) for Public Company Financial Reporting (ESEF) for more than 6,000 EU Public Companies The European Insurance and Occupational Pensions for Solvency II Reporting for EU Insurance Companies and Financial Service Firms The European Banking Authority for MiFiD and MiFid II for EU Banks The German business registry collects financial data from over 1M firms though various channels, which is converted to XBRL and published each year in the Bundesanzeiger