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Home » Sustainable Lab presents research on ESG information disclosure using XBRL at Asian Financial Forum in Kumamoto

Sustainable Lab presents research on ESG information disclosure using XBRL at Asian Financial Forum in Kumamoto

Sustainable Lab presents research on ESG information disclosure using XBRL at Asian Financial Forum in Kumamoto
*Sustainable Lab Co., Ltd.*
Press release: July 11, 2024
Sustainable Lab presents research on ESG information disclosure using XBRL at Asian Financial Forum in Kumamoto
*We also announced joint research with the Asian Development Bank (ADB) on the theme of the usefulness of XBRL in ESG evaluation. * * Sustainable Lab Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director: Renji Hirase, hereinafter referred to as the “Company”) will be holding the 40th Annual Meeting in Kumamoto from July 8th to 12th, 2024.
“ASEAN+3 Bond Market Forum (abbreviation)
ABMF) presented the latest research content in non-financial data science at the international conference. *
As a Japanese company that conducts various types of research on non-financial data, our company was invited to this forum, and our data scientist Jiaqi
Yang participated in a panel discussion with financial companies and sustainable finance experts from ASEAN countries.
Report “ASIA BOND MONITOR” published by the Asian Development Bank in June We conducted joint research on “Environmental Materiality in XBRL Disclosure ~From the actual situation in Japan~”
eXtensible Business Reporting Language Disclosures:Evidence from Japan)” while touching *
He emphasized the importance of ESG data collection and management tools and the usefulness of ESG disclosure using XBRL in promoting the Asian sustainable finance market. *

The second day’s session was held with the theme of “How will DX impact ASEAN+3?”, and our COO Takahashi gave a lecture on “How to use XBRL for ESG evaluation”.
We gave a presentation both domestically and internationally regarding “XBRL to utilize XBRL for ESG evaluation”.

Through collaboration with industry, we will promote the adoption of XBRL and contribute to the provision of richer data and improved reporting. Also,
Non-financial data platform “TERRAST” We aim to collect corporate data not only in Japan but also in the ASEAN region and contribute to improving the economic power of the ASEAN region.

COO Takahashi giving a presentation
* ASEAN+3 Bond Market Forum * * (ABMF)*
The ABMF was established in May 2010 by the Association of Southeast Asian Nations (ASEAN), adding Japan, South Korea, and China. As a project to integrate and revitalize the market, we hold regular meetings three times a year. The regular meeting brings together hundreds of experts from the region’s finance ministries, central banks, securities market regulators, central securities depositories, stock exchanges, financial institutions, IT vendors, etc., and contributes to the development of the Asian financial market. A discussion will be held for.

* About joint research with Asian Development Bank *
Please note that our company conducted joint research with the Asian Development Bank on “Environmental Materiality in XBRL Disclosure – From the Actual Situation in Japan”.
Materiality in eXtensible Business Reporting Language Disclosures:Evidence The outline of “from Japan” is as follows.

[Full text]
ASIA BOND MONITOR JUNE 2024 (p.26-29 apply)
https://asianbondsonline.adb.org/documents/abm_jun_2024.pdf

[Research purpose]
– To use data to clarify the dynamics of ESG information disclosure in Japan, where sustainability disclosure has been increasing in recent years.
– In this research, we will use data disclosed by companies in XBRL format to verify its potential as an alternative data source for ESG information.

[Main results/suggestions]
– Trends in ESG disclosure: In Japan, sustainability-related information disclosure has increased significantly over the past 10 years since 2013.
– Verification of the relationship: The correlation between ESG materiality disclosure and a company’s financial and non-financial performance requires further detailed analysis.
– The need for data analysis by market segment and industry, as well as analysis focused on specific ESG dimensions (environmental, social, governance), was demonstrated.

【 from now on 】
It was confirmed that the use of XBRL data is an effective means of understanding trends in ESG information disclosure and exploring its relationship with corporate performance. Furthermore, it is expected that more valuable research will become possible as more XBRL-based information is disclosed in the future.

* Sustainable Lab Co., Ltd. ( * * https://suslab.net *

Company name: Sustainable Lab Co., Ltd.
Representative Director: Renji Hirase
Location: FINOLAB, 4th floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda-ku, Tokyo
Business content: Provision of non-financial data platform
specializing in ESG/SDGs and research and development related to corporate value including non-financial information
Date of establishment: January 2019
*About details about this release*
https://prtimes.jp/main/html/rd/p/000000074.000052578.html

*Download press release materials*
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