Media

Monday, March 29, 2021

FERC Announces Taxonomy Availability & Deadline Changes

The Federal Energy Regulatory Commission (FERC) announced that on April 15, 2021, the XBRL taxonomies, validation rules, and rendering files needed for the FERC XBRL rollout will be updated to Release 1.5, and will be available in the Yeti viewer. FERC’s current Visual FoxPro-based system will no longer be available for filings submitted after September […more]

Friday, March 26, 2021

Federal COVID-19 Pandemic Response Illustrates Need for Better State & Local Financial Data

XBRL US member Marc Joffe, chair of the Standard Government Reporting Working Group, and Senior Policy Analyst at the Reason Foundation, weighed in on the need for better revenue and expenditure data from state and local government to appropriately allocate COVID-19 aid funds in his March 16 article published at Federalism.US. Joffe notes: “During the […more]

Wednesday, March 24, 2021

SEC Updates EDGAR, Supports 2021 Taxonomies

The Securities and Exchange Commission (SEC) has updated EDGAR to Release 21.1 and now supports these 2021 taxonomies: U.S. GAAP SEC Reporting (SRT) Countries (COUNTRY) Currencies (CURRENCY) Document and Entity (DEI) Exchanges (EXCH) North American Industry Classification System (NAICS) Risk-Return (RR) Standard Industrial Classification (SIC) State and Province (STPR) The SEC announcement indicated that they […more]

SEC Web Page on Climate and ESG Risks and Opportunities

The Securities and Exchange Commission has established a new web page to bring together Commission actions and updates on climate and ESG investing. Link to the SEC Climate and ESG Risks and Opportunities page.

Tuesday, March 16, 2021

SEC Request for Comment on Climate Disclosure

The Securities and Exchange Commission published a speech from Acting SEC Chair Allison Herren Lee, titled “A Climate for Change: Meeting Investor Demand for Climate and ESG Information at the SEC”. In her speech, the SEC Chair references an SEC Request for Comment on Climate Disclosure which includes a list of detailed questions covering topics […more]

Thursday, March 11, 2021

SEC Acting Director of Corporation Finance Speech on ESG Disclosures

The Securities and Exchange Commission (SEC) today published a speech from Acting Director of the Division of Corporation Finance John Coates on “ESG Disclosures –  Keeping Pace with Developments Affecting Investors, Public Companies and the Capital Markets” in which he addressed the relevance of ESG disclosures. Below are excerpts from his speech: On Considerations for […more]

Monday, March 8, 2021

IFRS Foundation Announces Plan to Establish Sustainability Standards Board

Trustees of the IFRS Foundation announced plans to continue their work on establishing an international sustainability reporting standards board within the existing governance structure of the IFRS Foundation. The decision was based on the encouragement received in comments concerning the 2020 Consultation, and on IOSCO’s intention to work with the IFRS Foundation to develop a […more]

Thursday, March 4, 2021

SEC Creates Climate and ESG Task Force in Division of Enforcement

The Securities and Exchange Commission (SEC) announced the creation of a Climate and ESG Task Force in the Division of Enforcement. The focus of the task force, which will be led by Kelly Gibson, Acting Deputy Director of Enforcement, will be to proactively identify ESG-related misconduct. The initial focus will be to identify any material […more]

SEC Publishes 2021 Examination Priorities with Greater Focus on Climate Risk

The Securities and Exchange Commission (SEC) published their 2021 Examination Priorities which include a greater focus on climate-related risks. The release included a quote from the SEC’s Acting Chair Allison Herren Lee: “This year, the Division is enhancing its focus on climate and ESG-related risks by examining proxy voting policies and practices to ensure voting […more]

Tuesday, March 2, 2021

SASB Announces Public Review of XBRL Taxonomy

The Sustainability Accounting Standards Board (SASB) announced the start of a 60-day (through April 22) public review of their XBRL Taxonomy. They are soliciting feedback about various technical and usage aspects of the taxonomy. Materials available through the public review include the Draft Taxonomy, Preparer Guide, and Sample XBRL Instance Document, as well as guides […more]