Climate solutions software provider Watershed announced today the launch of Watershed Disclosures, a new software product aimed at enabling companies to report on their climate impact, and assess and meet regulatory climate disclosure requirements.
Founded in 2019, Watershed provides a software platform helping businesses plan, implement and run climate programs, with solutions allowing companies to analyze and measure scopes 1, 2, and 3 emissions, and including dashboards enabling drill-downs by categories including scope, category, vendor, and location, benchmarked against industry peers.
According to Watershed, the new product aims to address the challenges facing companies to produce reports that satisfy the needs of their compliance, legal, and financial teams, with corporate climate disclosure becoming table stakes across industries, while climate data remains fragmented across departments and formats.
One of the key features of the new product includes enabling companies to understand which disclosures apply to them through a “regulatory checkup,” along with recommended disclosure timelines and requirements, while also providing recommendations for voluntary reporting frameworks such as CDP and TCFD.
The tool also enables companies to use Watershed’s embedded climate intelligence to crease reports through guided workflows, automatically pull in data from their current emissions measurements, targets, and reduction plans, and browse disclosure examples and publicly available responses from peers to help produce responses for their disclosures.
The product also includes a proprietary risks and opportunities library to help companies understand and report on climate risks and opportunities for their business, which some disclosure frameworks require.
Laura Blattner, Watershed product lead for Watershed Disclosures, said:
“Companies use Watershed Disclosures to be in control of their climate data, so they can put their best foot forward with climate reporting. We designed it to make producing high-quality disclosures easier and faster every year, all while ensuring compliance. This way, customers can focus on running their business, rather than reporting on it.”