Three new accelerators support Scope 3
emissions calculations, continuous controls monitoring and
reporting frameworks
NEW
YORK, April 21, 2023 /PRNewswire/ -- As an
extension of Deloitte and Workiva's existing strategic alliance and
existing environmental, social and governance (ESG) accelerators,
Deloitte announced today the release of three new
sustainability-focused accelerators to assist with more effective
ESG reporting, including Scope 3 emissions calculations and
dashboarding, continuous controls monitoring (CCM), and ESG report
templating.
Available now in the Workiva Marketplace, the new Deloitte-built
accelerators are designed to provide crucial connectivity between
an organization's ESG reporting and governance, risk, and
compliance (GRC). These domains increasingly are converging due to
the effects of shifting ESG-related mandates on risk management and
control processes, monitoring and reporting.
"Reporting technology is one of the cornerstones that enable
companies to swiftly shift from ambition to meaningful climate
actions," said Chris Ruggeri,
Deloitte Risk & Financial
Advisory sustainability, climate and equity leader and principal,
Deloitte Transactions and Business Analytics LLP. "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."
"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," said Paul Volpe, senior vice president of growth and
head of ESG solutions for Workiva, Inc. "Accelerators like
Deloitte's leverage the full capability of the Workiva platform to
help clients address this growing need and ultimately achieve
better, faster integration of ESG into governance frameworks."
Valeriy Dokshukin, a Deloitte
Risk & Financial Advisory partner and Workiva
alliance leader, Deloitte & Touche LLP, added, "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. That's why our latest
innovations on the Workiva platform are geared not only to help
clients improve their ESG financial reporting capabilities, but
their overall governance, risk and compliance positioning."
Deloitte's new ESG accelerators for use on the Workiva platform
include:
- Scope 3 Greenhouse Gas (GHG) Report Calculator and
Dashboard, which is a tech-based accelerator designed to
process source data and calculate Scope 3 emissions for the 15
categories defined by the GHG Protocol, a set of internationally
accepted GHG emissions accounting and reporting standards for
businesses. This accelerator can be customized to assist with
various calculation methodologies recommended by the GHG Protocol
to help clients understand and calculate the Scope 3 GHG emissions
footprint across their value chains.
- ESG Report Template, which is a next-gen accelerator
designed to simplify and accelerate sustainability report
development on the Workiva platform by centralizing standard and
repeatable disclosures across an organization's ESG report, no
matter the level of customization.
- Continuous Controls Monitoring Exception Report Chain and
related ESG Controls Templates, which are tech-driven
accelerators designed to streamline the development of continuous
monitoring controls within Workiva and aims to help reduce climate-
and sustainability-related risks across the organization. This
accelerator can be tailored to help users identify and monitor
control exceptions.
About Workiva
Workiva Inc. (NYSE:WK) is on a mission
to power transparent reporting for a better world. We build and
deliver the world's leading cloud platform for assured integrated
reporting to meet stakeholder demands for action, transparency, and
disclosure of financial and non-financial data. Workiva offers the
only unified SaaS environment that brings customers' financial
reporting, Environmental, Social, and Governance (ESG), and
Governance, Risk, and Compliance (GRC) together in a controlled,
secure, audit-ready platform. Our platform simplifies the most
complex reporting and disclosure challenges by streamlining
processes, connecting data and teams, and ensuring consistency.
Learn more at workiva.com.
Follow Workiva on
LinkedIn: www.linkedin.com/company/workiva
Like Workiva on Facebook: www.facebook.com/workiva
Follow Workiva on Twitter: www.twitter.com/workiva
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and
advisory services to many of the world's most admired brands,
including nearly 90% of the Fortune 500® and more than 7,000
private companies. Our people come together for the greater
good and work across the industry sectors that drive and shape
today's marketplace — delivering measurable and lasting results
that help reinforce public trust in our capital markets, inspire
clients to see challenges as opportunities to transform and thrive,
and help lead the way toward a stronger economy and a healthier
society. Deloitte is proud to be part of the largest global
professional services network serving our clients in the markets
that are most important to them. Building on more than 175
years of service, our network of member firms spans more than 150
countries and territories. Learn how Deloitte's approximately
415,000 people worldwide connect for impact at
www.deloitte.com.
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SOURCE Deloitte