Four new accelerators focus on double
materiality review, finance emissions calculations, gap assessments
and compliance workflow tracking
NEW
YORK, Nov. 20, 2024 /PRNewswire/
-- In an extension of Deloitte and Workiva's existing
alliance and environmental, social and governance (ESG)
accelerators, Deloitte and Workiva announced today the release of
four new sustainability-focused accelerators to help organizations
streamline regulatory compliance activities required under the
European Union's (EU) Corporate Sustainability Reporting Directive
(CSRD). The new accelerators provide organizations with tools to
help enhance double materiality review, calculate financed
emissions, conduct regulatory gap assessments and track related
workflows.
Available now in the Workiva Marketplace, the new
Deloitte-built accelerators are offered along with Deloitte's
advisory services and are designed to help expand and enhance
organizations' sustainability-focused governance, risk and
compliance (GRC) controls and automation functionality within the
Workiva platform to help further ease compliance activities related
to the CSRD and other EU regulatory standards.
"The demand for a comprehensive and dynamic platform to
manage ESG reporting and other regulatory compliance activities
continues to grow alongside the expanding global regulatory
environment and other government-led climate initiatives," said
Dina Trainor, a managing director
and ESG controllership leader, Deloitte & Touche LLP.
"Deloitte's latest accelerators on the Workiva platform can help
organizations to more easily untangle and report on complex and
sometimes overlapping ESG reporting rules. Our goal continues to
focus on helping companies meet their reporting obligations,
reinforce stakeholder confidence in their commitments to
responsible practices and foster a more sustainable
future for society."
"Investors are increasingly seeking transparency,
particularly in relation to sustainability practices. Our research
indicates that 88% of institutional investors prioritize companies
that effectively integrate financial and ESG data," said
Julie Iskow, president and chief
executive officer of Workiva. "Workiva is the only platform in the
industry bringing financial reporting, ESG and GRC together in one
secure, controlled, audit-ready environment. Deloitte's new ESG
accelerators leverage the full capability of the Workiva Platform
to help clients address the need for reporting that is integrated
across business lines, accessible to all stakeholders and powered
by innovation to ultimately achieve better, faster integration of
ESG into governance frameworks."
Deloitte's new ESG accelerators for use on the Workiva
platform include:
- CSRD Double Materiality Accelerator,
a workspace accelerator preconfigured in alignment with Deloitte's
double materiality methodology, designed to help enable a faster
and more efficient implementation of CSRD double materiality
assessments.
- Financed Emissions Calculator, a
Deloitte-built calculator accelerator
that sits on the Workiva platform that helps
organizations streamline Scope 3 greenhouse gas (GHG) Category 15
financed emissions ("Scope 3 financed emissions"). The calculator
tool leverages the Partnership for Carbon Accounting Financials'
(PCAF) framework for GHG emissions reporting to help enhance
automation and increase transparency in calculations.
- ESRS (European Sustainability Reporting Standard)
Mapping Accelerator, a gap
assessment accelerator designed to enable clients to
conduct faster and more efficient ESRS gap assessments on the
Workiva platform. After completing a double materiality assessment,
the accelerator can be used to map existing GRI (Global Reporting
Initiative) disclosures to ESRS reporting requirements outlined
within the CSRD to identify gaps in disclosure requirements that
may require future remediation.
- Activity Log Analyzer, a workflow
tracker accelerator designed to maintain a complete log of
workspace-specific user information and activities from the Workiva
platform to help organizations monitor and track ESG
activities in a more comprehensive and streamlined manner. This
accelerator can also be tailored to a range of use cases to help
clients identify and monitor user activities across other
initiatives.
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 platform that brings
customers' financial reporting, Governance, Risk, and Compliance
(GRC), & Environmental, Social, and Governance (ESG) data
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.
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 8,500
U.S.-based private companies. At Deloitte, we strive to live our
purpose of making an impact that matters
by creating trust and confidence in a more equitable society.
We leverage our unique blend of business acumen, command of
technology, and strategic technology alliances to advise our
clients across industries as they build their
future. 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. Bringing more than 175
years of service, our network of member firms spans more than 150
countries and territories. Learn how Deloitte's approximately
457,000 people worldwide connect for impact at
www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu
Limited, a UK private company limited by guarantee ("DTTL"), its
network of member firms, and their related entities. DTTL and each
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www.deloitte.com/about to learn more about
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SOURCE Deloitte