Ethical Performance
inside intelligence for responsible business



February 2009

Italian bank Monte dei Paschi di Siena has become one of the first businesses to use eXtensible Business Reporting Language (XBRL) in a sustainability report. XBRL was developed for transmitting financial information, but the Global Reporting Initiative has worked on its use for non-financial data since 2006 (EP10, issue 2, p9). The language offers a way of putting an electronic ‘tag’ on data in a report, allowing computers to recognize, select, analyze and store the information.

Banca Monte Paschi dei Siena | Europe | Reporting


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