Workday Invests in ESG Measurement Platform PulsESG
ESG measurement platform pulsESG announced today a strategic investment from Workday Ventures, the strategic investment arm of finance, and HR-focused enterprise cloud applications provider Workday.
The companies also announced that pulsESG has joined the Workday Software Partner Program, in a move aimed at enabling joint Workday and pulsESG customers to better respond to rapidly evolving ESG management and disclosure requirements.
Co-founded last year by Silicon Valley software veterans Murat Sönmez and Inderjeet Singh, and launched with $8.5 million in seed financing, pulsESG’s software as a service (SaaS) platform utilizes internal data sources and external systems to help organizations define, measure and report on ESG performance, and address issues around ESG data quality and timelines. In July, pulsESG announced a strategic investment from Accenture Ventures, the venture capital arm of global professional services provider Accenture.
Murat Sönmez, pulsESG co-founder and CEO, said:
“The pulsESG team is excited to join Workday in a partnership that will expand our ability to serve our customers while empowering those enterprises to be purpose-driven. We look forward to a collaboration that will result in far-reaching positive impacts.”
According to the companies, the planned integration of pulsESG with Workday Financial Management and Workday Human Capital Management will enable users to translate structured and unstructured sources of data into financial information for disclosure management and external reporting, providing organizations with the ability to assign ESG goals and track performance.
Barbry McGann, Managing Director & Senior Vice President of Workday Ventures, said:
“We are excited to have made a strategic investment in pulsESG, as we look for ways to benefit our customers as they navigate a changing reporting landscape when it comes to ESG. Together, pulsESG and Workday are committed to make it easier for our customers to align with goals and evolving regulations that will ultimately positively impact our planet.”