28 Jun '11, 9am

Comparing and Analyzing Sustainability Reports Just Got Easier Thanks to #GRI & Deloitte Partnership #GRI #CSR

The new program will enable investors and analysts to sift through sustainability data electronically by assigning tags to data elements. It will be based on an existing classification system, or taxonomy, currently used by the XBRL financial reporting system . XBRL is a standardized, open source electronic communication platform developed by a 450-member international consortium of businesses along with government agencies and non-government organizations. It stands for Extensible Business Reporting Language. The idea is to enable computer software to analyze, share and present data from different companies in usable forms. One fairly straightforward example is pie charts; XBRL will enable a computer to churn one out far more quickly, compared to an hours-long (or longer) research project if done manually.

Full article: http://www.triplepundit.com/2011/06/xbrl-sustainability-d...

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