Global professional services firm Deloitte announced today that it has expanded its alliances with enterprise cloud data management software provider Informatica and business data and reporting solutions provider Workiva, providing a new ecosystem aimed at helping clients accelerate ESG deployment and reporting with accurate data.
According to Deloitte, the expanded alliances aim to help simplify ESG enablement and implementation for clients at scale, addressing client concerns around ESG data management, with surveyed senior executives often citing difficulty in measuring their organizations’ environmental impact as a top barrier to their sustainability efforts.
Rebecca Chasen, a Deloitte Risk & Financial Advisory Partner and leader of its Sustainability, Climate and Equity Alliances program, said:
“In today’s ever-evolving business landscape, sustainability is more important to enterprises than ever. It’s not about simply meeting compliance requirements — ESG is a major contributor to growth and competitive advantage, making it critical to feed reporting solutions with accurate data.”
According to the companies, the new ecosystem will combine Informatica’s AI-powered Intelligent Data Management Cloud and Workiva’s cloud-based regulatory reporting offering with Deloitte’s deep technology, operational and domain experience to help clients manage environmental and social governance, to meet goals including adhering to regulatory and legal requirements, enabling transparent disclosure, addressing ESG risk and aligning responsible business practices.
Levent Ergin, Chief Strategist for ESG and Sustainability at Informatica, said:
“Together, Informatica and Deloitte have a long history of enabling business leaders to realize the full potential of their data governance, and we take that responsibility seriously. With the addition of Workiva to our ecosystem, we are enhancing our joint solutions with their collaborative reporting platform to create end-to-end visibility for our clients across the globe.”
Corey Wells, SVP, Partners & Alliances at Workiva, added:
“As the only unified platform in the industry bringing financial reporting, ESG, governance, risk and compliance together in one secure, controlled, audit-ready environment, our collaboration with Informatica and Deloitte will help our shared clients promote responsible business practices and ultimately gain competitive advantage through early risk mitigation and transparent reporting. This new ecosystem marks an exciting next step as we continue to help our customers optimize their ESG reporting.”