7 Sustainability Trends

June 7th, 2011 by Stewart McKie - Executive Advisor

As one of the unofficial sustainability evangelists here at Rivet, I thought you might like to review 7 Sustainability Trends that Every CFO Needs to Know – courtesy of GreenBiz.com – and think about this:

Because of the large number of functional areas that report to the CFO, sustainability offers the CFO an opportunity to drive sustainability into the organization for cost savings and competitive differentiation. Your organization needs your leadership in this area.




Land of the Rising Taxonomy

May 17th, 2011 by Stewart McKie - Executive Advisor

Fumiko Satoh of IBM Research in Tokyo has recently published a paper that advocates an XBRL Taxonomy for Estimating the Effects of Greenhouse Gas Emissions on Corporate Financial Positions. As the abstract suggests:

…disclosing the emissions data by using XBRL will be very beneficial for the analysis of the financial positions and emissions results of these companies. Interested third parties will want to combine the XBRL reports of the financial data and the emissions data. This will allow them to easily evaluate the companies from both the financial and environmental perspectives.

Luckily I don’t have to worry about the carbon impact of my blog postings. Though it might be a different matter if the focus of emissions disclosure was methane.




The Sustainability Stream

June 28th, 2010 by Stewart McKie - Executive Advisor

Bob Schneider over at Hitachi has posted a useful article on the corporate actions taxonomy being worked on by the DTCC, SWIFT and XBRL US that references their interesting and thorough document - A Business Case to Improve Corporate Actions Communications. But when I read the post and the document it just makes me wonder – why is it only actions that “impact a security that has been traded, cleared, and settled on behalf of the investor” that are reported? What about all the actions that evidence the sustainability behaviour of a business and therefore have an impact on the environmental, social and governance (ESG) profile of the organization? Read the rest of this entry »