Disclosures in ESG need to be associated with meta-data for better semantic understanding or mapping to existing ontology. These extra meta-data need to be captured in the taxonomy for a comprehensive definition of disclosures and facilitating analysis. For example, the disclosure may need to be linked to the UN’s Sustainable Development Goals.
The use-case specifies meta-data for two areas – ESG Topic and Disclosure Pillar for taxonomy concepts. ESG Topic can be identified as Environmental, Social or Governance for taxonomy concepts. Similarly, concepts can also be identified based on Disclosure Pillar as Strategy, Implementation or Performance measurement.
Reported sustainability data can then be analysed using this meta-data (“cross-cutting themes”):
Sample Taxonomy / Reports – Taxonomy using reference structure to capture meta-data reports referencing the taxonomy.