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
How smart sustainability communication is bringing SMEs out of the shadows. When it comes to sustainability communications, it seems like small and medium-sized enterprises (SMEs) have been operating on the dark side of the moon. From a global perspective, even though many of these companies engage as good corporate citizens in their local communities, the light … Continue reading Stepping Into The Light
New guidelines help investors scrutinize corporate social performance. When it comes down to environmental, social, and governance (ESG) issues, more and more investors are looking at how companies perform on human rights. Guarding long-term investments against a potential fallout from social grievances has become part of their fiduciary duty. In view of the complexity of global … Continue reading What about the ‘S’ in ESG?