Business data and reporting solutions provider Workiva announced today the integration of the CDP environmental disclosure system into the Workiva business reporting platform, as part of its ESG reporting solution, in a move aimed at helping companies to streamline and simplify responses to CDP questionnaires.
CDP runs a global environmental disclosure system, enabling investors and other stakeholders to measure and track organizations’ performance in key environmental sustainability areas including climate change, deforestation, and water security. In 2022, more than 18,700 companies disclosed environmental data through CDP, up more than 40% over the prior year.
Paul Dickinson, CDP Founder and Chair, and ESG advisor for Workiva, said:
“This is a significant and timely addition to Workiva’s ESG reporting solution, and I believe it will be a game-changer—not only for sustainability professionals, but for the finance, audit, and risk management teams that are now responsible for corporate climate disclosures as well.”
Workiva launched its ESG reporting solution in 2021 on its cloud-based reporting and compliance platform, Workiva Platform. According to Workiva, the integration aims to simplify the time consuming and complex process of responding to CDP questionnaires, leveraging its ESG data and program management hub, ESG Program, and ESG Explorer, its tool designed to enable users to browse reporting frameworks and identify relevant disclosures.
Paul Volpe, Senior Vice President of Growth and Head of ESG Solutions at Workiva, said:
“There’s no time to wait. ESG reporting is quickly becoming a board-level mandate. Not only are organizations tasked with meeting their ESG commitments and science-based targets, leaders are making critical business decisions by evaluating both financial and ESG data together. Workiva is committed to investing in continuous innovation and working with partners like CDP to help more companies around the world manage and scale their positive environmental and social impact.”