29 Jun '11, 3pm

GRI and Deloitte to Create XBRL Taxonomy; Alcoa, Shell Among G4 Sponsors

The Global Reporting Initiative (GRI) has started development of a taxonomy for the eXtensible Business Reporting Language, which holds the promise of automating the disclosure of sustainability data. GRI and Deloitte have signed an agreement outlining the project, which would include publication of an XBRL taxonomy covering the GRI’s G3 and G3.1 reporting guidelines. And in related news today, the GRI has announced ten global sponsors of its next generation of reporting guidelines, G4. The companies are Alcoa, Enel, GE, Goldman Sachs, Natura, Shell, Deloitte, Ernst & Young, KPMG and PwC. The GRI plans to publish G4 in 2013 using a multi-stakeholder consultation process. Diverse expert Working Groups and approval procedures will ensure that G4’s guidance reflects the broadest possible stakeholder input, GRI says. The global sponsors announced today will be part of The Glob...

Full article: http://www.environmentalleader.com/2011/06/29/gri-and-del...

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