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Companies can streamline their environmental, social and governance reporting using technology, according to a recent report. The policy briefing explains how technologies like blockchain and artificial intelligence, along with a common, global system of taxonomies that goes beyond national and regulatory boundaries, can make the reporting process more efficient and auditable for investors and regulators, while reducing many of the manual tasks. “Basically the work that’s being done is looking at what we’re calling the ecosystem of corporate information or financial information, the active data that becomes accounting information, and looking at it as part of a larger ecosystem,” said Shari Littan, director of corporate reporting research and policy at the Institute of Management Accountants, who wrote the briefing. “Every piece of data from an accounting standpoint has some transaction that gave rise to the data and is created within a company. At some point it has to ge

United statesHirav shahGary genslerShari littanJeff thomsonInternational financial reporting standards foundationAmerican instituteInternational federation of accountantsFinancial reporting technologyExchange commissionInstitute of management accountantsInternational sustainability standards boardInternational integrated reporting councilGlobal reporting initiativeInternational accounting standards boardManagement accountants