Sustainability reporting is rapidly evolving, and the challenges of managing and interpreting unstructured data are becoming increasingly apparent. At Data Amplified, Marc Houllier, CTO of Corporatings, highlighted how structured data, powered by XBRL, is revolutionizing corporate sustainability reporting under the European Sustainability Reporting Standards (ESRS). The insights he shared reaffirm the critical role structured data plays in enabling transparency, accessibility, and comparability—values at the heart of what we do at Taxxor.
Unstructured sustainability disclosures often bury critical information within narrative text, making it challenging to analyze progress or extract actionable insights. Key figures like renewable energy usage or financial commitments to climate goals can be misinterpreted or missed altogether, requiring manual effort and significant time investments.
As Marc Houllier explained, structured data offers a transformative solution. By tagging specific data points such as sustainability targets, metrics, and progress indicators, structured data allows instant calculations, progress tracking, and meaningful comparisons—capabilities that unstructured data simply cannot match.
At Taxxor, we recognize the importance of structured data in creating impactful and actionable ESG reports. Our platform is designed to address the unique challenges of sustainability reporting while unlocking the full potential of XBRL tagging capabilities. Here’s how we can help:
1. Streamlined Data Tagging and Management
Taxxor automates the tagging of critical data points, ensuring every target, metric, and progress indicator is accurately captured and structured. This allows for seamless integration with the ESRS framework, enabling users to track and analyze sustainability efforts with ease.
2. Enhanced Comparability and Consistency
Our platform ensures that your data is not only accurate but also comparable across time periods and peers. By aligning with the ESRS and other reporting standards, Taxxor helps you showcase your progress and alignment with climate goals in a clear, standardized format.
3. Simplified Reporting for Greater Transparency
With Taxxor, your sustainability data becomes instantly usable. Whether you're reporting on energy usage, emissions reductions, or financial commitments, our platform ensures stakeholders can access precise, decision-useful information that builds trust and enhances credibility.
4. Multi-Format Outputs for Maximum Usability
From iXBRL to PDF and web outputs, Taxxor enables you to present your ESG data in formats that meet regulatory requirements and stakeholder needs. This flexibility ensures your structured data is accessible and usable across various platforms.
The message is clear: structured data is no longer just a nice-to-have in sustainability reporting—it’s a necessity. By leveraging the power of XBRL and structured data, Taxxor empowers companies to turn complex ESG requirements into transparent, actionable insights.
With Taxxor, you can go beyond compliance and create reports that not only meet regulatory demands but also provide valuable insights for decision-makers, investors, and other stakeholders. Ready to make your sustainability reporting simpler, more transparent, and more impactful? Let’s talk.
