Key Impact Points:
- Deloitte and Workiva introduced four new ESG accelerators to streamline compliance with the EU’s Corporate Sustainability Reporting Directive (CSRD).
- These tools, available on the Workiva Marketplace, enhance double materiality review, emissions calculations, regulatory gap analysis, and workflow tracking.
- The accelerators aim to simplify ESG reporting, foster transparency, and support organizations in meeting evolving EU sustainability regulations.
New Tools for Streamlined CSRD Compliance
Deloitte and Workiva, expanding their ESG-focused alliance, launched four new accelerators to help organizations navigate compliance under the EU’s CSRD. These tools aim to simplify complex reporting requirements while enhancing governance, risk, and compliance (GRC) frameworks within the Workiva platform.
Available now, the accelerators target key areas such as double materiality assessments, Scope 3 financed emissions calculations, ESRS gap analysis, and workflow monitoring. Deloitte also provides advisory services to complement these solutions.
Enhancing ESG Reporting Capabilities
“The demand for a comprehensive and dynamic platform to manage ESG reporting and other regulatory compliance activities continues to grow,” said Dina Trainor, managing director and ESG controllership leader at Deloitte & Touche LLP. “Deloitte’s latest accelerators on the Workiva platform can help organizations to more easily untangle and report on complex and sometimes overlapping ESG reporting rules.”
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These tools support companies in reinforcing stakeholder confidence and advancing sustainable practices.
A Transparent Approach to Sustainability
Julie Iskow, president and CEO of Workiva, emphasized the importance of transparency: “Our research indicates that 88% of institutional investors prioritize companies that effectively integrate financial and ESG data.” She added, “Deloitte’s new ESG accelerators leverage the full capability of the Workiva platform to help clients achieve better, faster integration of ESG data into governance frameworks.”
Key Features of the Accelerators
- CSRD Double Materiality Accelerator
Streamlines double materiality assessments using Deloitte’s methodology for faster CSRD implementation. - Financed Emissions Calculator
Automates Scope 3 GHG emissions calculations using the PCAF framework, enhancing transparency. - ESRS Mapping Accelerator
Maps existing GRI disclosures to ESRS requirements to identify gaps post-double materiality assessment. - Activity Log Analyzer
Tracks user activities within Workiva workspaces, ensuring comprehensive monitoring and reporting.
These innovations aim to support companies in achieving compliance with CSRD and advancing their sustainability goals.
Related Article: Local Voices, Global Climate Chain: A Deloitte Report
