Business data solutions provider Workiva announced today the launch of a new ESG reporting solution on its cloud platform, aiming to help companies keep pace with increasing demands from regulators, ratings agencies, institutional investors and other stakeholders for trusted, transparent data and proof of ESG forward-looking business goals.

Julie Iskow, Chief Operating Officer of Workiva, said:

“Workiva has years of experience solving complex business problems for the world’s largest organizations, including managing and reporting financial, non-financial and ESG data and meeting changing regulations head on. There is a powerful motivation for organizations to report ESG data alongside the balance sheet to provide a broader company valuation. Workiva is uniquely qualified to deliver innovative technology solutions that enable global organizations to make sense of the complex ESG ecosystem and achieve greater transparency and accountability.”

According to Workiva, the new solution streamlines the ESG process for businesses, with capabilities including automated data collection, direct connection to all ESG reports, utilization of established or proprietary frameworks to develop ESG strategies, and consistent and accurate ESG reporting, with integrated XBRL tagging, connecting and consolidating information across sustainability reports, surveys, statutory disclosures, annual reports, SEC filings, and earnings call scripts.

Iskow added:

“We expect that ESG will continue to evolve and further drive the adoption of our Workiva platform across our customers’ organizations. We will continue to develop innovative functionality and features that address the evolving ESG disclosure requirements of company stakeholders.”