What is XBRL reporting format?

XBRL , Inline eXtensible Business Reporting Language is a newer version that enables a computer and human readable format of your data. In a standard web browser the information looks like a regular report, but using an inline viewer software, you can view contextual and tagged information or eXtensible Business Reporting Language is a XML based format for business reporting or exchange that is computer readable. Adopted for decades by multiple regulators across the world as a medium for financial reporting, there is now significant interest to use this for sustainability reporting.

Check if your jurisdiction uses XBRL here.

How does it work?

How can we help?

Through our user friendly platform, we help you to generate reports whether for regulatory reporting or for information exchange with ease and an expert team to support your needs.

California SB 253

The Climate Corporate Data Accountability Act, SB 253, is a new law requiring businesses with revenues greater than $1B USD that operate in California to report their greenhouse gas emissions publicly. Companies will need to disclose scope 1 and 2 emissions with limited assurance in 2026, using data from FY2025.

US SEC

The SEC Climate Disclosure Rule, applicable to U.S. public companies and foreign private issuers, addresses investor demands for standardized climate-related disclosures. This regulation mandates narrative disclosures on climate-related risks, the reporting of material Scope 1 and Scope 2 emissions for specific filers, and financial statement disclosures detailing the impacts of severe weather and the use of carbon offsets. Disclosures are due from 2026 with reporting required in Edgar portal or others as required.

Corporate Sustainability Reporting Directive (CSRD)

The Corporate Sustainability Reporting Directive (CSRD) mandates disclosures from large EU-based public and private entities, including organizations with subsidiaries in Europe. This regulation will be phased in over four years, ultimately encompassing nearly 50,000 companies by 2028. Reporting for large, listed Public Interest Entities (PIEs) will commence in FY2024. Small and medium enterprises listed on EU exchanges will fall under this requirement in FY2026. By FY2028, the directive will extend to companies with branches or subsidiaries in Europe, contingent on specific revenue thresholds for global parent reporting. Reporting to a single portal in digital format will be required.

Streamlined Energy and Carbon Reporting (SECR), UK

The SECR requires disclosures as part of annual reporting cycle. It covers GHG emissions and energy usage to encourage improved energy efficiency. At present a UK XBRL taxonomy is available for climate reporting.

Business Responsibility & Sustainability Reporting , India

The Securities and Exchange Board in India (SEBI) developed the Business Responsibility and Sustainability Reporting (BRSR) to mandate Indian companies to provide quantifiable metrics on sustainability-related factors, such as respect for human rights or environmental protection. Top 1,000 companies make this data available n XBRL format.

International Sustainability Standards Board (ISSB)

The International Sustainability Standards Board (ISSB) published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy) this week, providing the pathway for sustainability reporting to be taken up a notch in terms of clarity, efficiency, and utility. By using the new ISSB Taxonomy, companies can ensure that their disclosures are available for digital comprehension and analysis, enabling data providers, investors, regulators and other users to efficiently search, extract, and compare sustainability-related financial information.