Workday Announces Sustainability Initiatives for International Customers and Clients
Workday, a leading financial and human capital management company, has announced expanded ESG offerings and new solutions to help its global customers meet emerging environmental, social, and governance (ESG) regulations and corporate accountability requirements.
Social reporting for ESG and supplier risk and sustainability, the two new solutions, will accompany the company's current product portfolio, which already has ESG-focussed activities such as sustainable sourcing, compliance training, diversity solutions, pervasive audit and internal controls features, and planning and analysis of ESG data.
There has been increasing regulatory pressure faced by organisations worldwide to adopt sustainability strategies and best practices for their businesses, in environmental, social, and governance areas. For example, new standards proposed by the Securities and Exchange Commission in the United States and the European Financial Reporting Advisory Group (EFRAG) in the European Union put pressure on organisations to include sustainable practices.
As a result of these events, Workday says it will add more ESG offerings to help customers get a better look at their data, which is significant for meeting current and future sustainability standards.
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Workday is also allowing its customers, partners, and the developer community to use new ESG capabilities on the Workday platform, allowing them to help customers across the world with their ESG initiatives. This means they can use open standards and technologies to build extra solutions on the Workday platform.