XBRL News about sustainability, old ladies and students

Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week.

1  Mandatory sustainability reporting discussions in Japan and Philippines

With mandatory climate and other sustainability disclosure requirements apparently gaining impetus around the globe, the latest news this week has a Pacific flavour. In Japan, the Financial Services Agency working group on corporate disclosures has held its first meeting to discuss proposals for mandatory climate reporting, as well as further disclosure guidelines on sustainability- and governance-related factors.

It won’t be long before the Level 1-3 Carbon Flow Statement will be part of the mandatory corporate reporting just like the other financial statements.

2  Bank of England publishes final statistical taxonomy

The Bank of England is shifting from XML to XBRL for the collection of significant amounts of statistical data. To that end, it has released the final version 1.2.0 of its ‘Bank of England Statistics taxonomy,’ following two rounds of review and feedback earlier this year. The publication includes the taxonomy itself, data point model (DPM) dictionary, annotated templates and validation rules, all of which together represent the Bank’s statistics reporting requirements, which remain unchanged by the migration to the new taxonomy.

The recently ISO blessed Data Point Model is celebrating another implementation outside the EU …

3  Teach students tech (and more) with award-winning assignments

Few teaching resources exist to teach students about inline XBRL (iXBRL), even though the SEC and the EU both now require filers to use this format. To remedy this gap, Mark Holtzblatt and Kristine Brands developed a case study that asks students to examine why and how German software giant SAP SE adopted iXBRL.

You’ll have to scroll down a bit for this interesting news item. Unfortunately, I haven’t been able to find the case study proper straight away. Any pointers would be greatly appreciated!



Christian Dreyer CFA is well known in Swiss Fintech circles as an expert in XBRL and financial reporting for investors.

 We have a self-imposed constraint of 3 news stories each week because we serve busy senior leaders in Fintech who need just enough information to get on with their job.

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