Global professional services firm Deloitte announced today the launch of a series of ESG accelerators for use on the Workiva platform, including solutions aimed at helping companies’ finance, accounting, controllership and compliance teams to collect, manage and report ESG data.
The new solutions include an ESG Disclosure Management Tool, enabling more streamlined disclosures across various industry and global reporting frameworks to meet evolving ESG reporting regulations and requirements; ESG Master Data Conversion Table, helping companies collect and process data for calculation of key environmental metrics, such as waste, water, energy and emissions; Data Rollforward Chain Accelerator, a tool which automates quarterly and annual processes of rolling forward documents and spreadsheets, helping save time and generate greater informational consistency, and; ESG Environmental Inventory Survey, helping collect environmental data from multiple sources, with supporting documentation, data input aggregation and calculation of key environmental metrics.
Valeriy Dokshukin, a Deloitte Risk & Financial Advisory partner and Workiva alliance leader, said:
“While it’s most pressing for our publicly-traded clients, we’re hearing from many organizations we work with that they want to establish or improve their ESG reporting. We developed these new accelerators on the Workiva platform to combine with our existing Workiva ESG methodology to help CFOs and controllers improve their organizations’ ESG reporting efficiency and accuracy, as their organizations build and evolve those compliance and workstream efforts.”
ESG has emerged as a major focus for Deloitte, with the firm announcing last month plans to invest $1 billion in its Sustainability & Climate practice, focused on expanding its capabilities, assets and services to support clients and address their growing sustainability-related needs.
Jon Raphael, Deloitte’s U.S. Sustainability, Climate and Equity Leader, said:
“These Workiva accelerators mark an important advancement to Deloitte’s sustainability, climate and equity practice, as we focus on helping clients using Workiva to accelerate their ESG programs and financial reporting responsibilities.”
Julie Iskow, president and COO of Workiva, added:
“As ESG disclosure requirements continue to evolve, Workiva and Deloitte can help organizations solve reporting challenges, and deliver investor and board-grade data to all stakeholders.”