Why Banks and Financial Institutions are turning to Transparency Networks

Published on: 4 February 2025

Why Banks and Financial Institutions are turning to Transparency Networks
Why Banks and Financial Institutions are turning to TISCreport for Non-Financial Risk Indicators: In today's evolving financial landscape, banks and financial institutions are increasingly tasked with managing risk, ensuring compliance, and pursuing ethical banking practices. TISCreport is emerging as a powerful tool to help fulfil these responsibilities effectively, providing crucial insights into corporate transparency and ethical behaviour.
Why Transparency Networks Are Essential Alongside Government Data: Embracing Transparency and Imperfection

Published on: 30 January 2025

Why Transparency Networks Like TISCreport Are Essential with Government Data
Embracing Transparency, Imperfection, and Collective Accountability: Governments play a crucial role in publishing corporate data, ensuring it meets high standards of accuracy and reliability. However, this necessary caution can create gaps in transparency, as authorities must avoid publishing anything that could be misleading or legally contentious. This is where civil society, social enterprises, and transparency networks step in—to bridge the gaps, add context, and enable a more dynamic and participatory approach to corporate accountability.
Why XBRL Tagging Is Crucial for Corporate Transparency: Insights from TISCreport

Published on: 9 December 2024

iXBRL tiscreport transparency
The UK Government’s Corporate Transparency and Register Reform White Paper (2022) and the subsequent Economic Crime and Corporate Transparency Act 2023 have set the stage for transformative reforms at Companies House. Central to these changes is the mandatory adoption of iXBRL (Inline Extensible Business Reporting Language) for financial reporting, expected to become compulsory by Q1 2025. These developments promise to modernise corporate reporting, combat economic crime, and enhance transparency. However, as TISCreport’s experience with voluntarily shared iXBRL data reveals, the quality of tagging is critical to realising the full potential of these reforms.
Investor-Focused ESG: Aligning Strategies for Sustainable Outcomes

Published on: 3 December 2024

Investor-Focused ESG: Aligning Strategies for Sustainable Outcomes
In today’s rapidly evolving business landscape, Environmental, Social, and Governance (ESG) strategies have become critical for organisations aiming to thrive. Far from being just a "sustainability" buzzword, ESG encapsulates a holistic approach to corporate responsibility, governance, and ethical practices. This article explores the intricacies of ESG, demystifying its impact on businesses, the role of data, and practical steps companies can take to align with evolving investor demands while driving meaningful change.
Government Tightens Prompt Payment Requirements for Suppliers

Published on: 14 November 2024

Government Tightens Prompt Payment Requirements for Suppliers
In a significant move announced at the Autumn Statement 2024, the UK Government is taking steps to address a longstanding issue impacting small and medium-sized enterprises (SMEs): late payments. Starting from 1 October 2025, the average invoice payment days threshold for Government suppliers will be reduced from 55 days to 45 days. This policy adjustment aims to unlock £20 billion tied up in unpaid invoices and support improved cash flow for SMEs across the UK.

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