Booost Unveils Innovative XBRL Solutions at ASEAN+3 Bond Market Forum

Booost, a leading company in sustainability ERP solutions, has recently made headlines at the 43rd ASEAN+3 Bond Market Forum held in Kyoto from June 30 to July 4, 2025. The forum, a key international conference, saw Booost collaborate with XBRL Japan to address the enhancement of non-financial disclosure by leveraging XBRL standards that comply with both IFRS and EDINET taxonomies.

The company’s global research lead, Marine Kumazawa, and executive advisor, Kento Sasano, both key figures in the Japanese XBRL community, delivered a presentation focused on the importance of non-financial information transparency and consistency. They introduced innovative methods that draw on the principles of 'Accounting Linguistics,' a field dedicated to improving the interpretability and comparability of textual data. This approach aims to facilitate companies' sustainability transformations (SX) through enhanced non-financial disclosure capabilities.

The Significance of XBRL

XBRL (eXtensible Business Reporting Language) serves as a standardized XML-based computer language designed to support the creation, sharing, and utilization of various business reports, including financial, operational, and investment information. Its role in facilitating the electronic preparation and dissemination of reports is becoming increasingly vital, particularly as more organizations look to align with international disclosure standards. The demand for effective data management and analysis is rising, alongside regulatory developments, making it crucial for companies to adhere to higher standards of transparency.

Officially launched at the ASEAN Forum, the presentations culminated in a session titled ‘Beyond Numbers: A Paradigm Shift in Accounting Linguistics’ during the XBRL Asia Roundtable 2025 that took place on July 4. Here, they explored new perspectives on improving the quality of sustainability disclosures through XBRL and addressed common concerns surrounding the variability of interpretations and difficulties in comparison that arise from narrative-driven non-financial information.

Meeting the Challenges of Disclosure

The pressure for sustainability disclosures is not limited to publicly listed companies; it now extends to their suppliers as well. Traditionally, many businesses have focused on voluntary alignments with international standards to demonstrate their commitment. However, the tightening regulations both domestically and internationally have initiated an urgent need for more sophisticated data management solutions. In response to these challenges, Booost has developed an integrated SX platform known as ‘booost Sustainability.’ This innovative tool not only enables XBRL-compliant digital disclosures but also optimizes internal workflows and centralizes non-financial data management.

Booost aims to create synergies by enhancing workflows for information collection, collaboration, and approval while promoting the widespread adoption and utilization of XBRL in sustainability reporting. Looking forward, Booost envisions being a technological partner for advanced sustainability companies, contributing significantly toward accelerating Japan's goals for sustainable transformation and green transformation (GX).

About the ASEAN+3 Bond Market Forum

The ASEAN+3 Bond Market Forum (ABMF) was established in May 2010, bringing together ASEAN countries along with Japan, South Korea, and China. It aims to integrate and revitalize the ASEAN+3 markets by standardizing and harmonizing cross-border bond trading regulations and fostering collaboration among finance ministries, central banks, and regulatory bodies. Experts from various institutions convene thrice a year to advocate for the development of the Asian financial market.

The Role of Booost in Sustainability

Founded in April 2015, Booost has prominent standing in the sustainability sector, offering solutions that automate the collection and real-time monitoring of sustainability-related financial data based on international disclosure standards. Its flagship platform, ‘booost Sustainability,’ accommodates over 1,200 data points pertaining to governance, social responsibility, and environmental factors, enhancing businesses' reporting capabilities through comprehensive automation and efficiency.

Booost continues to lead as a trusted partner for over 2,000 companies, spanning 85 countries, marking its significance in the market. The focus on sustainability consultancy further solidifies its commitment to enhancing corporate project implementations and elevating overall organizational value by guiding firms through the complexities of SX practices.

As the global landscape of sustainability reporting evolves, Booost stands at the forefront, prepared to address the myriad challenges faced by organizations while paving the way for a more sustainable future.