Wolters Kluwer enhances Enablon Platform with addition of CCH Tagetik ESG reporting and disclosure capabilities
14 Novembre 2023 - 2:00PM
Wolters Kluwer enhances Enablon Platform with addition of CCH
Tagetik ESG reporting and disclosure capabilities
PRESS RELEASE
Wolters Kluwer enhances Enablon Platform
with addition of CCH Tagetik ESG reporting and disclosure
capabilitiesSustainability leaders and CFOs can now
collaborate to earn the trust of key stakeholders, by collecting,
reporting, and disclosing verifiable ESG data – with the same rigor
as financial data.
NEW YORK – November 14, 2023 – Wolters Kluwer
Corporate Performance and ESG (CP & ESG) continues to deliver
on its promise to integrate and extend its strong portfolio of
financial and ESG solutions, this time by integrating ESG reporting
and disclosure functionality from CCH Tagetik into its Enablon ESG
Excellence solution. This new functionality now empowers companies
of all sizes to meet Corporate Sustainability Reporting Directive
(CSRD), Global Reporting Initiative (GRI), Sustainability
Accounting Standards Board (SASB) and other requirements to report
and disclose integrated ESG data alongside financial data.
The challenge: Companies need help complying with CSRD,
GRI, SASB and other regulatory demands to reliably report on ESG
performanceCompanies of all sizes are now being asked to
consistently report their progress toward ESG commitments through a
myriad of regulatory frameworks. Most notably, 50,000+ EU-based
companies will be mandated to participate in the European Union’s
Corporate Sustainability Reporting Directive (CSRD) by 2026.
U.S.-based and foreign companies with subsidiaries in the EU will
also eventually be expected to comply with CRSD disclosure
requirements.
At its core, the CSRD will require impacted companies to
integrate their ESG and corporate financial reporting through
additional disclosures – and these new ESG disclosures must be
auditable, just like financial data. These pressures are creating
an urgent demand among financial and sustainability leaders for
transformational technology that can help them collect, report,
analyze and assure the accuracy of their complex, often siloed ESG
data – with the same rigor that key stakeholders have come to
expect for financial data.
The solution: Cut through the complexity of ESG
reporting with Enablon ESG ExcellenceIn response to these
fast-evolving trends, Wolters Kluwer CP & ESG has now added ESG
reporting and disclosure capabilities to its Enablon ESG
Excellence solution. The new functionality combines
environment, health and safety (EHS) and ESG data collection and
analysis expertise from the company’s industry-leading Enablon ESG
Excellence solution with the market-leading reporting and
disclosure intelligence capabilities of its CCH Tagetik ESG &
Sustainability Performance Management solution. In doing so,
Enablon ESG Excellence now empowers sustainability and finance
leaders to collect and connect operational and ESG data from
various enterprise applications, from source to disclosure, in a
single solution that supports all ESG-related functions across the
enterprise.
New functionality now available through the Enablon ESG
Excellence solution helps sustainability and finance leaders
to:
- Collect, unify, and validate ESG data from 100+ decentralized
sources across the enterprise.
- Map ESG data to frameworks and regulations – including CSRD,
GRI, and SASB.
- Govern and monitor the ESG process from source to disclosure,
with flexible, configurable workflow management.
- Collaborate to track ESG performance and develop configurable
ESG reports and presentations that combine narratives with
numbers.
- Publish trusted, auditable ESG disclosures, based on traceable
ESG data that aligns with regulatory requirements and meets the
expectations of investors and stakeholders.
Karen Abramson, CEO of Wolters Kluwer CP & ESG,
said:“CFOs and sustainability leaders are quickly
recognizing that spreadsheets and a patchwork of software
applications – long the go-to resources for collecting and
analyzing ESG-related data – no longer suffice for larger
organizations that are committed to ESG. Just like our cloud-based
corporate performance management technologies have brought clarity
to the complexity of financial reporting and analysis over the past
decade, Wolters Kluwer is now bringing digital transformation to
the world of ESG reporting. Our new Enablon ESG Excellence solution
enhancements prove that Wolters Kluwer is a market leader when it
comes to creating agile platforms that unify ESG data management
from source to disclosure.”
Wolters Kluwer continues its market-leading momentum of
the ESG technology marketThese continued enhancements to
the Enablon ESG Excellence solution are the latest example of
Wolters Kluwer’s leadership in the ESG technology market. Just one
month following the company’s March 2023 launch of its CP & ESG
division, Wolters Kluwer introduced a new version of its Enablon
Vision Platform for integrated risk management; and soon after
added ESG standards to its award-winning, cloud-based TeamMate+
global audit expert solution portfolio. Wolters Kluwer has also
recently earned recognition from independent research firm,
Verdantix, as a leading, global provider of ESG software, and as
the vendor with the most momentum among all participating firms in
the Verdantix prestigious Green Quadrant report. Additionally,
Wolters Kluwer was named a “Top Vendor” in the inaugural 2023
Environmental, Social, and Governance Reporting (ESG) Market Study,
published by Dresner Advisory Services.
# # #
About Wolters KluwerWolters Kluwer (EURONEXT:
WKL) is a global leader in information, software, and services for
professionals in healthcare, tax and accounting, financial and
corporate compliance, legal and regulatory, and corporate
performance and ESG. We help our customers make critical decisions
every day by providing expert solutions that combine deep domain
knowledge with specialized technology and services.
Wolters Kluwer reported 2022 annual revenues of €5.5 billion.
The group serves customers in over 180 countries, maintains
operations in over 40 countries, and employs approximately 20,900
people worldwide. The company is headquartered in Alphen aan den
Rijn, the Netherlands.
For more information, visit www.wolterskluwer.com, follow
us on LinkedIn, X, Facebook, and YouTube.
Media ContactPaul LyonSenior Director, External
CommunicationsWolters KluwerMobile: +44 7765 391 824
Paul.Lyon@wolterskluwer.com
- 2023.11.14 Wolters Kluwer enhances Enablon Platform with
addition of CCH Tagetik ESG reporting and disclosure
capabilities
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