Three new accelerators support Scope 3 emissions calculations, continuous controls monitoring and reporting frameworks
NEW YORK, April 21, 2023 /PRNewswire/ -- As an extension of Deloitte and Workiva's existing strategic alliance and existing environmental, social and governance (ESG) accelerators, Deloitte announced today the release of three new sustainability-focused accelerators to assist with more effective ESG reporting, including Scope 3 emissions calculations and dashboarding, continuous controls monitoring (CCM), and ESG report templating.
Available now in the Workiva Marketplace, the new Deloitte-built accelerators are designed to provide crucial connectivity between an organization's ESG reporting and governance, risk, and compliance (GRC). These domains increasingly are converging due to the effects of shifting ESG-related mandates on risk management and control processes, monitoring and reporting.
"Reporting technology is one of the cornerstones that enable companies to swiftly shift from ambition to meaningful climate actions," said Chris Ruggeri, Deloitte Risk & Financial Advisory sustainability, climate and equity leader and principal, Deloitte Transactions and Business Analytics LLP. "As ESG reporting continues to evolve in complexity and scope alongside new and increasing global regulatory requirements, our sustainability, climate and equity practice is strongly positioned to help our clients enhance their use of the Workiva platform to put what is good and equitable for people and the planet at the core of business decisions."
"ESG reporting is maturing rapidly and stakeholders are beginning to demand the same robust processes and controls expected of financial reporting. With the world's only unified platform for financial reporting, ESG, and GRC, Workiva is uniquely positioned to help clients meet this challenge head on," said Paul Volpe, senior vice president of growth and head of ESG solutions for Workiva, Inc. "Accelerators like Deloitte's leverage the full capability of the Workiva platform to help clients address this growing need and ultimately achieve better, faster integration of ESG into governance frameworks."
Valeriy Dokshukin, a Deloitte Risk & Financial Advisory partner and Workiva alliance leader, Deloitte & Touche LLP, added, "ESG cannot succeed as a siloed business function. Our goal is to help our clients improve transparency, accuracy and stakeholder trust as they advance their ESG controls and reporting journeys, no matter how many business functions it spans. That's why our latest innovations on the Workiva platform are geared not only to help clients improve their ESG financial reporting capabilities, but their overall governance, risk and compliance positioning."
Deloitte's new ESG accelerators for use on the Workiva platform include:
- Scope 3 Greenhouse Gas (GHG) Report Calculator and Dashboard, which is a tech-based accelerator designed to process source data and calculate Scope 3 emissions for the 15 categories defined by the GHG Protocol, a set of internationally accepted GHG emissions accounting and reporting standards for businesses. This accelerator can be customized to assist with various calculation methodologies recommended by the GHG Protocol to help clients understand and calculate the Scope 3 GHG emissions footprint across their value chains.
- ESG Report Template, which is a next-gen accelerator designed to simplify and accelerate sustainability report development on the Workiva platform by centralizing standard and repeatable disclosures across an organization's ESG report, no matter the level of customization.
- Continuous Controls Monitoring Exception Report Chain and related ESG Controls Templates, which are tech-driven accelerators designed to streamline the development of continuous monitoring controls within Workiva and aims to help reduce climate- and sustainability-related risks across the organization. This accelerator can be tailored to help users identify and monitor control exceptions.
About Workiva
Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world's leading cloud platform for assured integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Workiva offers the only unified SaaS environment that brings customers' financial reporting, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC) together in a controlled, secure, audit-ready platform. Our platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.
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About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 415,000 people worldwide connect for impact at www.deloitte.com.
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SOURCE Deloitte
