Deloitte Launches New ESG Accelerators for Workiva Platform Users Working To Establish or Enhance Accounting, Financial and Regulatory Reporting
NEW YORK, May 11, 2022 /3BL Media/ — As an extension of Deloitte and Workiva’s existing strategic alliance, Deloitte has built four new accelerators for use on the Workiva platform focused on Environmental, Social and Governance (ESG) accounting and financial reporting and compliance. The new, Deloitte-built accelerators on the Workiva platform aim to help modernize internal processes for collecting disparate ESG data, as well as streamline and automate ESG reporting capabilities inclusive of data collection processes and greater framework alignment. All are available now in The Workiva Marketplace.
“While it’s most pressing for our publicly-traded clients, we’re hearing from many organizations we work with that they want to establish or improve their ESG reporting,” said Valeriy Dokshukin, a Deloitte Risk & Financial Advisory partner and Workiva alliance leader, Deloitte & Touche LLP. “We developed these new accelerators on the Workiva platform to combine with our existing Workiva ESG methodology to help CFOs and controllers improve their organizations’ ESG reporting efficiency and accuracy, as their organizations build and evolve those compliance and workstream efforts.”
Julie Iskow, president and COO of Workiva Inc., added, “The Workiva platform is open, scalable and designed so our strategic alliances like Deloitte can build and deliver innovative service offerings that extend the value of Workiva’s solutions and play a broader role in our customers digital transformation initiatives. As ESG disclosure requirements continue to evolve, Workiva and Deloitte can help organizations solve reporting challenges, and deliver investor and board-grade data to all stakeholders.”
Jon Raphael, Deloitte’s U.S. sustainability, climate and equity leader, added “These Workiva accelerators mark an important advancement to Deloitte’s sustainability, climate and equity practice, as we focus on helping clients using Workiva to accelerate their ESG programs and financial reporting responsibilities.”
Deloitte’s new ESG accelerators for use on Workiva’s platform include:
- The ESG Disclosure Management Tool is a tech-based accelerator that helps organizations track and adapt to evolving ESG regulations via more streamlined and more aligned disclosures across various industry and global reporting frameworks. The tool can be customized across specific individual industries and sectors — or groups of them — to help focus on necessary disclosures across multiple ESG reporting frameworks and standards.
- ESG Master Data Conversion Table is a tech-based accelerator built to help streamline data collection and preparation processes for calculating key environmental metrics via standardized and repeatable processes. It can be customized with various data input methods to automate calculations for waste, water, energy and emission metrics.
- Data Rollforward Chain Accelerator is a tech-based accelerator built to save time and generate greater informational consistency through automation within Workiva’s platform. The tool automates quarterly and annual processes of rolling forward documents and spreadsheets, aiming to reduce the risk of human error and offer other process-based efficiencies.
- ESG Environmental Inventory Survey is a tech-based accelerator built to collect environmental data inputs from a variety of sources, upload supporting documentation, aggregate data inputs and automatically calculate key environmental inventory metrics such as Scope 1 and Scope 2 emissions, water withdrawal and waste production.
Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading regulatory, financial, and ESG reporting solutions to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Our cloud-based platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.
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 more than 345,000 people worldwide connect for impact at www.deloitte.com.