Professional services and information solutions provider Wolters Kluwer announced today the integration of ESG reporting functionality from its corporate performance management solutions unit CCH Tagetik into its Enablon ESG Excellence solution, aimed at enabling companies to meet sustainability disclosure requirements across standards including CSRD, GRI and SASB.
The announcement follows the launch earlier this year by Wolters Kluwer of its new Corporate Performance & ESG division, bringing together four of the company’s enterprise software businesses, including its Corporate Performance unit CCH Tagetik, EHS/ORM Software business Enablon, Finance, Risk and Reporting, and its Internal Audit Solutions offering TeamMate.
In April, Enablon launched the Enablon ESG Excellence solution, aimed at enabling businesses to effectively manage their environmental footprint across air, water, waste, energy, and chemicals, in addition to the health and safety of workers.
With the integration of the CCH Tagetik disclosure capabilities to the Enablon ESG Excellence EHS and ESG data collection and analysis functionality, the company said that the solution will enable sustainability and finance professionals to collect and connect operational and ESG data from various enterprise applications in a single solution. New functionality in the solution includes collection and validation of ESG data from across enterprise sources, mapping ESG data to frameworks including CSRD, GRI and SASB, monitoring the ESG data process from source to disclosure with workflow management, collaboration to track ESG performance and develop ESG reports and presentations, and publishing auditable ESG disclosures.
Karen Abramson, CEO of Wolters Kluwer CP & ESG, said:
“CFOs and sustainability leaders are quickly recognizing that spreadsheets and a patchwork of software applications – long the go-to resources for collecting and analyzing ESG-related data – no longer suffice for larger organizations that are committed to ESG. Just like our cloud-based corporate performance management technologies have brought clarity to the complexity of financial reporting and analysis over the past decade, Wolters Kluwer is now bringing digital transformation to the world of ESG reporting.”