World Bank adopts XBRL for 2014 Sustainability Review
As I blogged in MDBs adopting GRI Framework, many of the major multilateral development banks (MDBs) have adopted the sustainability reporting framework of the
Perhaps worth adding a footnote that, since 2008, the World Bank has raised over USD 7 billion equivalent in triple-A credit quality Green Bonds through 78 transactions and 18 currencies (see also
I wonder how many ESG/SRI questionnaires the World Bank receives which seek to shoehorn its activities as a specialized UN agency and development bank into a model that was molded more for organizations which look like Coca Cola, GE or HSBC?
The World Bank first published a Sustainability Review in 2004. Two years ago, the Bank was one of the first institutions (and remains the only Multilateral Development Bank) to adopt the latest GRI sustainability reporting framework (GRI-G4). The World Bank’s Sustainability Review 2014 articulates how a large institution, located in 130 countries, tackled its goals - to eliminate poverty in a generation and boost shared prosperity for the poorest 40 percent in developing countries – sustainably.
In preparation of its 2014 reporting, the World Bank convened a stakeholder panel to validate the
Most recently, the World Bank has joined only a handful of other GRI-reporters which have adopted GRI’s eXtensible Business Reporting Language (XBRL). Developed by GRI in collaboration with Deloitte, the GRI
You can find the World Bank’s Sustainability Review 2014, published in accordance to Global Reporting Initiative (GRI), and the associated GRI Index (PDF, XBRL, HTLM) documents at:
Do you think that GRI’s XBRL will be able to jump the chasm between early adopters, such as the World Bank, and the mainstream GRI reporters in the near future?