XBRL Advocates Digital Climate Reporting Standards for California

XBRL Advocates Digital Climate Reporting Standards for California

By Prathamesh 11 March, 2024

XBRL US has published “Digital First for California Climate Data,” advocating for the adoption of XBRL standards in reporting greenhouse gas (GHG) emissions in California. The paper underscores the significance of structured, machine-readable data in understanding environmental impacts and meeting global climate goals.

It highlights the role of digital data in fostering a shared understanding of climate risk and streamlining monitoring efforts. Recognizing regulators’ increasing appreciation for digital reporting, the publication aligns with California SB 253 and SB 261, aiming to standardize reporting practices and reduce burdens on companies.

By adopting XBRL, regulators can enhance data quality, streamline reporting processes, and facilitate effective evaluation of climate risk. Moreover, it offers benefits for reporting companies facing multiple global digital reporting requirements.

To find out more details please visit : https://www.xbrl.org/