XBRL News from Israel, Colombia and Europe

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

1  First reports available as Israel gehts into the swing of Inline XBRL

2  Drawing on XBRL data to report on Colombia’s top companies

Colombia’s Superintendencia de Sociedades – or Supersociedades – the government entity that supervises commercial companies, has published its annual report on the country’s 1,000 largest companies, showing a healthy economic performance during 2021. It includes information on trends in company assets, liabilities, equity, operating income and profit and loss. 

South America doesn’t feature that often in these columns, so here’s an opportunity to partially remedy that sad state of affairs. 

3  Proof-of-concept European sustainability taxonomy available

In case you missed it, the European Financial Reporting Advisory Group (EFRAG) has released a proof-of-concept XBRL Taxonomy in support of the European Sustainability Reporting Standards (ESRSs). It provides the digital definitions needed for selected climate-related disclosure requirements, and has been developed by the EFRAG ESRS Project Task Force as to inform ongoing work on the final taxonomy. 

The next stop in the race to digital sustainability reporting …

 

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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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