Global professional services firm KPMG and business data and reporting solutions provider Workiva announced today an expanded partnership focused on providing ESG data and reporting solutions and services.
According to the companies, the enhanced alliance comes as global sustainability reporting requirements continue to evolve, with emerging expectations for companies to provide “investor-grade” ESG disclosures based on complete, accurate and consistent data.
Rob Fisher, ESG Leader, KPMG US, said:
“We’ve experienced more momentum for sustainability reporting to meet the same rigors as financial reporting. As a premier implementation partner, we are working with Workiva to help clients go beyond compliance to develop decarbonization strategies that connect data with technology and drive not just reporting but trust.”
Under the new collaboration, KPMG will leverage Workiva’s platform, providing simplified and automated ESG disclosure, while supporting auditability and helping clients focus on value-add opportunities.
The collaboration follows KPMG’s launch in 2021 of a multi-year program aimed at accelerating global solutions for ESG issues, and to support clients in their own sustainability efforts, including plans to invest over $1.5 billion in its initiatives to further embed ESG in the organization and client solutions.
Workiva launched an ESG reporting solution in 2021 on the cloud-based Workiva Platform, its reporting and compliance platform that enables customers to streamline processes, connect data and teams, and ensure consistency.
Julie Iskow, president & COO of Workiva, said:
“As sustainability disclosure requirements continue to evolve, there is an expectation that ESG disclosures be board-ready and investor grade. Workiva’s cloud technology is unrivaled. It is the only unified platform for Financial reporting, ESG, and GRC. Working together, KPMG and Workiva will help organizations gain insights, make data-driven decisions and ultimately drive better business outcomes.”