Deloitte Rolls out New ESG Accelerators for Workiva Platform Users Focused on ESG
Deloitte has built four new accelerators for usage on the Workiva platform that focus on Environmental, Social, and Governance (ESG) accounting, financial reporting, and compliance as part of Deloitte and Workiva's existing strategic collaboration.
The new Deloitte Workiva accelerators aim to modernise internal procedures for collecting diverse ESG data, as well as streamline and automate ESG reporting capabilities, including data collection methods and enhanced framework alignment.
Valeriy Dokshukin, a Deloitte Risk & Financial Advisory partner and Workiva alliance leader, Deloitte & Touche LLP, said:
"While it’s most pressing for our publicly-traded clients, we’re hearing from many organisations we work with that they want to establish or improve their ESG reporting."
"We developed these new accelerators on the Workiva platform to combine with our existing Workiva ESG methodology to help CFOs and controllers improve their organisations’ ESG reporting efficiency and accuracy, as their organisations build and evolve those compliance and workstream efforts.”
Julie Iskow, president and COO of Workiva Inc., said:
“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 organisations solve reporting challenges, and deliver investor and board-grade data to all stakeholders.”
Jon Raphael, Deloitte’s U.S. sustainability, climate and equity leader, said:
“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.”
The new ESG accelerators include:
The ESG Disclosure Management Tool is a tech-based accelerator that assists firms in tracking and adapting to changing ESG standards through more streamlined and coordinated disclosures across many industries and worldwide reporting frameworks.
The ESG Master Data Conversion Table is a tech-based accelerator designed to help streamline data collection and preparation operations to calculate important environmental parameters using standardised and repeatable processes. It can be customised with several data entry techniques to automate waste, water, energy, and emission metrics computations.
The Data Rollforward Chain Accelerator is a tech-based accelerator designed to reduce time and produce higher informational consistency through automation. The solution automates the rolling forward of documents and spreadsheets on a quarterly and annual basis, reducing the risk of human error and providing additional process-based efficiencies.
ESG Environmental Inventory Survey is a tech-based accelerator that collects environmental data from a variety of sources, uploads supporting documentation, aggregates data inputs, and calculates key environmental inventory metrics like Scope 1 and Scope 2 emissions, water withdrawal, and waste production automatically.
Source: Deloitte
