Global professional services firm Deloitte announced today the expansion of its “ESG accelerators” on the Workiva platform, with the launch of three new solutions aimed at assisting organizations with ESG reporting, including tools to calculate Scope 3 emissions, support continuous control monitoring, and simplify sustainability reporting.
The release of the new products follows the launch in May 2022 by Deloitte of a series of ESG accelerators on Workiva Marketplace aimed at helping companies’ finance, accounting, controllership and compliance teams to collect, manage and report ESG data. According to Deloitte, the new accelerators are designed to provide connectivity between organizations’ ESG reporting and GRC (governance, risk, and compliance) functions, as these domains increasingly converge.
Deloitte Risk & Financial Advisory partner Valeriy Dokshukin said:
“ESG cannot succeed as a siloed business function. Our goal is to help our clients improve transparency, accuracy and stakeholder trust as they advance their ESG controls and reporting journeys, no matter how many business functions it spans.”
The new solutions include Scope 3 Greenhouse Gas (GHG) Report Calculator and Dashboard, aimed at helping understand and calculate the Scope 3 GHG emissions footprint across their value chains , and designed to process source data and calculate Scope 3 emissions for the 15 categories defined by the GHG Protocol; Continuous Controls Monitoring Exception Report Chain and related ESG Controls Templates, designed to streamline the development of continuous monitoring controls and help reduce climate- and sustainability-related risks, and; ESG Report Template, which aims to simplify and accelerate sustainability report development on the Workiva platform, by centralizing standard and repeatable disclosures across an organization’s ESG report.
Paul Volpe, Senior Vice President of Growth and Head of ESG Solutions for Workiva, said:
“ESG reporting is maturing rapidly and stakeholders are beginning to demand the same robust processes and controls expected of financial reporting. With the world’s only unified platform for financial reporting, ESG, and GRC, Workiva is uniquely positioned to help clients meet this challenge head on.”
Chris Ruggeri, Deloitte Risk & Financial Advisory Sustainability, Climate and Equity Leader, added:
“Reporting technology is one of the cornerstones that enable companies to swiftly shift from ambition to meaningful climate actions. As ESG reporting continues to evolve in complexity and scope alongside new and increasing global regulatory requirements, our sustainability, climate and equity practice is strongly positioned to help our clients enhance their use of the Workiva platform to put what is good and equitable for people and the planet at the core of business decisions.”
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