Creating a New Quality For Corporate Reporting - As European policy makers press ahead to promote sustainable investment, stakeholders are stepping up the discussion about standardizing ESG-related metrics and non-financial disclosure This week at the COP24 climate summit in Katowice, Poland, the discussion about how to implement the directives of the Paris Agreement is in … Continue reading Less medley, more value
I talked to Dr Clara Neppel, Senior Director Europe at the Institute of Electrical and Electronics Engineers (IEEE) in Vienna, about the ethical and regulatory aspects of AI technology with a view to corporate reporting. It appears that the immediate concern about the use of AI is its inherent bias.
I had a chance to talk to Wim Bartels in his capacity of Progamme Lead at the Corporate Reporting Dialogue (CRD) about key issues and initiatives around the further development of corporate reporting. In our interview, we address topics like the CRD’s objectives and alleged competition, the convergence of non-financial and financial reporting frameworks, integrated versus multiple reporting, PDF versus HTML, and the use of Artificial Intelligence (AI) tools.
As of 1st January 2020, all annual financial reports published within the European Union must be set up in digital format, using Extensible Hypertext Markup Language (XHTML). Early adopters will take the ESEF mandate as an opportunity to change their corporate reporting from PDF to HTML formats, adopting an online, integrated, interactive and structured communications approach, turning corporate reports into a highly effective, multi-stakeholder communications tool.
Confronted with an ever-growing demand for transparency and materiality, companies need to find an adequate format to publish both financial and pre-financial information to their stakeholders in an effective way. While traditional reporting reaches its limits, online integrated reporting features a number of key advantages that enable them to get the job done. It is fair to … Continue reading Unleashing the Power of Online Reporting