eXtensible Business Reporting Language (XBRL) is set to transform the way you disclose your climate change information. It is already widely used around the world for financial reporting and now, we are working with the Carbon Disclosure Project, Fujitsu Research, and Deloitte, and a select group of other organizations to harness this technology and create an XBRL Climate Change Reporting Taxonomy (CCRT). This will make climate disclosure easier and more streamlined for companies, with exciting implications for the future of integrated reporting.

Users of the CCRT will benefit from greater transparency, increased efficiency through reduced mechanical data entry and easier comparisons of climate change information against external data. We are soon to enter the testing phase of this project and welcome enquiries from large listed companies with an interest in testing the CCRT by email to XBRL@cdsb.net.

Find out more about CDSB’s XBRL project here.

CDSB has been named as one of 50 stars in seriously long term innovation in the new Future Quotient report co-authored by Volans and JWT, for connecting widely, analyzing deeply, aiming high and investing long.

The report is based on a survey of 500 public, private and NGO leaders about who's leading the charge in sustainability, innovation and social enterprise to create value in the long-term and identifies the most future-ready companies, groups, individuals and initiatives in the world. CDSB sits alongside Google, China's 5-Year Plan, TED, the Bill and Melinda Gates Foundation and the London 2012 Olympic Committee.
Read CDP's Chief Innovation Officer Nigel Toppings perspectives on the award Leading from the future on CDSB’s blog and add your comments.

Download the report here.

The United Nations Conference on Trade and Development (UNCTAD), the Organisation for Economic Co-operation and Development (OECD), the Climate Disclosure Standards Board (CDSB), and the Global Reporting Initiative (GRI) are working together to take stock of current corporate climate change reporting frameworks and assess the benefits of greater consistency of approach to the demand for and supply of corporate climate change-related information.  Dubbed “the consistency project”, the partnership explores the challenges of the business sector regarding compliance with international rules and regulations. On March 16, the project partners organized a workshop at the Palais des Nations in Geneva. Presentation slides are now available on the UNCTAD website.

In the summer a report on the findings of the partnerships work will be released – check out CDSB’s website for the latest news and developments on this project.

On the 23rd February, CDSB held a symposium in Tokyo designed to engage with Japanese businesses, investors and policy makers in the topic of disclosing climate change related information. The “sell out” event was the final stage of an 8 month UK Government funded project designed to introduce and seek inputs and feedback on CDSB’s Climate Change Reporting Framework (CCRF).
The program included presentations on the importance of climate change disclosure, developing the XBRL climate change reporting taxonomy, as well as seminars from the OECD and CDP on how they work with CDSB to progress climate change disclosure. A short report on the project outcomes will be published on CDSB’s website in the July 2012.

CDSB’s Lois Guthrie has formally joined the Executive Board of the Centre for Carbon Measurement. Hosted by the National Physical Laboratory, the UKs National Measurement Institute, the center will support UK business, government and academia by extending the national and international measurement infrastructure to cover climate change data, carbon markets and accounts and low carbon technology development. Read more about the center’s launch on the BBC website. Find out more about the Centre for Carbon Management on their website.