Great article from the global law firm of Baker McKenzie about mandatory requirements from securities regulators for public company sustainability disclosure that also needs to be included in financial reporting as a company “best practice.”
Yesterday the US Securities & Exchange Commission adopted resource extraction rules using the open, freely-available, XBRL data format supported by the IMA for more effective transparency and accountability . This rule is a major CSR/ESG/Sustainability Initiative for Public Company...
Global Change Research Program of the science on climate change and its impacts across the United States, climate change is expected to increase the frequency and intensity of certain types of extreme weather events
Management accountants are going to hear more about this global effort and their involvement as this moves toward global adoption in the capital markets and by governments around the world
Water scarcity continues to become a global issue – especially in California and its impact agricultural production...Last August 2015, a Citigroup report said global inaction on climate change would wipe $44 trillion off global GDP by 2060
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According to a recent article in Accounting Today -- The XBRL data standard continues to expand globally around the world as a important tool to reduce regulatory reporting by public companies using a standard data format that can be shared across regulators in one common report
The US SEC Concept Release discusses the concept of sustainability reporting by public companies as part of the disclosure process by companies to the global capital markets
ATTENTION: IMA MEMBERS -- Its not too late to register for the DATA AMPLIFIED GLOBAL CONFERENCE IN PARIS The IMA is an ASSOCIATION PARTNER and Strategic Finance Magazine is a Media Partner for the Conference 15% DISCOUNT IS AVAILABLE FOR IMA MEMBERS AROUND THE WORLD USING IMA15 DISCOUNT CODE WHEN REGISTERING FOR THE CONFERENCE European Securities & Markets Authority (ESMA), European Central Bank (EBA) and other European Regulators will be discussing mandates requiring the use of XBRL for business reporting data format including updates related to the US Securities & Exchange Commission (US SEC) regarding the mandate using Inline XBRL and the opportunity for foreign filers to use the IFRS accounting standard if using the XBRL data standard Blockchain, Distributed Ledgers, Smart Contract, Sustainability Reporting/Accounting and the use of LEI to be some of the additional topics to be discussed at the global conference.
Premise: How can the capital markets on a global scale deal with climate change and distribution of natural resources to a population expanding to 10 billion people by 2050 to name a few of the critical global issues facing humanity? Today the global population is at 7.5 billion
Will this additional non-financial disclosure put these companies at a greater advantage and target for investment from the global community related to their enhanced transparency and accountability?
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