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In this video, Workiva’s Mandi McReynolds, VP of Global ESG and Chief Sustainability Officer, joined ESG News CEO Matt Bird during Climate Week NYC to discuss the company’s latest brief on CSRD regulation. The 2024 brief provides a qualitative review of 50 integrated reports from companies across the EU, offering insights into their compliance with the evolving standards. A few highlights include:
- Only 32% of respondents reported being aligned with the CSRD and having structures in place that meet its requirements.
- 34.6% of respondents are still concerned about measuring specific data points like scope 3 GHG emissions.
- 96% of respondents say that technology will be somewhat or very important in complying with new reporting regulations.
Workiva and Mandi McReynolds: Leading the Way in Corporate Sustainability and Compliance with CSDR
In the evolving landscape of corporate sustainability and compliance, Workiva Inc. has been a pioneering force, providing cutting-edge solutions that streamline complex processes across finance, risk, and Environmental, Social, and Governance (ESG) reporting. Mandi McReynolds, Head of ESG at Workiva, has been instrumental in advancing these initiatives, particularly as organizations navigate the Corporate Sustainability Due Diligence Directive (CSDR).
Understanding CSDR: A Compliance Imperative
The Corporate Sustainability Due Diligence Directive (CSDR) represents a significant shift in how businesses address environmental and social responsibilities within their operations and supply chains. Implemented by the European Union, CSDR mandates companies to evaluate their impact on the environment and human rights, extending accountability to global supply chains. Companies must demonstrate active measures to prevent negative impacts and report their progress, making transparency and data accuracy critical.
Workiva’s Role in Facilitating CSDR Compliance
Workiva’s integrated platform has become a vital tool for companies facing CSDR compliance challenges. The platform’s cloud-based capabilities allow for the collection, management, and reporting of sustainability data across complex, multi-tiered supply chains. With Workiva, organizations can unify ESG data from diverse sources, enabling teams to verify compliance, track improvements, and create transparent reports in line with CSDR guidelines.
As the regulatory landscape continues to evolve, Workiva’s platform adapts to accommodate new reporting frameworks, ensuring that companies can remain compliant without the constant need for additional technology. The platform integrates ESG metrics and other business data in a way that supports CSDR’s due diligence requirements and enables organizations to make strategic decisions that benefit both the environment and society.
Mandi McReynolds: Driving ESG Leadership and Innovation
Since joining Workiva, Mandi McReynolds has made significant strides in advancing ESG leadership within the company and beyond. With over 15 years of experience in ESG, corporate responsibility, and higher education, McReynolds brings a unique perspective to her role, combining strategic vision with practical expertise.
Under her leadership, Workiva has emphasized the importance of ESG data transparency, advocating for companies to adopt a more accountable approach in their reporting processes. McReynolds has focused on ensuring that Workiva’s tools not only meet compliance standards but also empower companies to integrate ESG into their broader business strategies. Her efforts have positioned Workiva as a leader in the ESG space, recognized for its commitment to sustainable practices and its robust technology offerings that meet the growing demands of regulatory bodies like the EU under CSDR.
McReynolds’ impact extends beyond the platform itself; she has become a respected voice in ESG discourse, often speaking at industry events and contributing thought leadership on how companies can balance compliance with genuine sustainability progress. Through her guidance, Workiva’s platform has been optimized to provide companies with a comprehensive toolset to handle both current CSDR requirements and anticipate future developments in sustainability regulation.
Achievements and Recognition
Thanks to the collaborative efforts led by McReynolds, Workiva has received recognition as a leader in ESG reporting and GRC (Governance, Risk, and Compliance) solutions. The company’s platform is used by more than 6,000 organizations worldwide, including a majority of Fortune 500 companies, reinforcing its impact and reach in the sustainability reporting space.
Recently, Workiva was acknowledged as a top ESG provider in several industry reports, validating its position as a trusted partner for businesses striving to comply with new and rigorous sustainability standards like CSDR. The platform’s reputation for reliability and adaptability has attracted numerous global organizations, solidifying Workiva’s presence as a leader in sustainability compliance and reporting.
Brought to you by: Datamaran and CFA Institute. In Partnership with: The Nest Climate Campus and Climate Group – We appreciate all your support!