Deloitte and Workiva Unveil Four ESG Tools to Streamline EU CSRD Compliance

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• Simplified compliance for EU standards: Deloitte and Workiva’s new ESG accelerators focus on double materiality, financed emissions, regulatory gap assessments, and workflow tracking to assist with the EU’s Corporate Sustainability Reporting Directive (CSRD).
• Integrated ESG and financial reporting: The tools leverage the Workiva platform to provide a comprehensive solution for ESG governance, risk, and compliance (GRC) needs.
• Enhanced transparency for investors: Workiva’s research shows that 88% of institutional investors prioritize companies integrating financial and ESG data effectively.

Deloitte and Workiva Expand Sustainability Compliance Tools

Deloitte and Workiva have launched four new ESG accelerators aimed at simplifying regulatory compliance under the European Union’s Corporate Sustainability Reporting Directive (CSRD). Available on the Workiva Marketplace, these tools focus on double materiality reviews, financed emissions calculations, regulatory gap assessments, and compliance workflow tracking.

“The demand for a comprehensive and dynamic platform to manage ESG reporting and other regulatory compliance activities continues to grow alongside the expanding global regulatory environment and other government-led climate initiatives,” said Dina Trainor, managing director and ESG controllership leader at Deloitte & Touche LLP. She added, “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.”

Key Features of the Accelerators

1. CSRD Double Materiality Accelerator
   Preconfigured with Deloitte’s methodology, this tool enables efficient implementation of double materiality assessments aligned with CSRD standards.
2. Financed Emissions Calculator
   Utilizing the Partnership for Carbon Accounting Financials (PCAF) framework, this tool streamlines Scope 3 Category 15 financed emissions calculations, enhancing transparency and automation.
3. ESRS Mapping Accelerator
   Designed to map Global Reporting Initiative (GRI) disclosures to European Sustainability Reporting Standards (ESRS), this tool helps identify disclosure gaps for future remediation.
4. Activity Log Analyzer
   A workflow tracker tailored to monitor user activities, ensuring comprehensive ESG tracking and streamlining compliance workflows.

Innovation Meets Investor Expectations

Julie Iskow, president and CEO of Workiva, highlighted the growing investor demand for integrated reporting solutions: “Workiva is the only platform in the industry bringing financial reporting, ESG, and GRC together in one secure, controlled, audit-ready environment. Deloitte’s new ESG accelerators leverage the full capability of the Workiva platform to help clients address the need for reporting that is integrated across business lines, accessible to all stakeholders, and powered by innovation.”

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As investors prioritize transparency, these tools aim to support companies in meeting reporting obligations and fostering confidence in sustainable practices.

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