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Key Impact Points:
- New ESG Tools: Workiva Carbon offers advanced carbon accounting, management, and decarbonization capabilities.
- Regulatory Compliance: Supports global climate regulations like CSRD, SEC climate rules, and California’s SB 253 & SB 261.
- Enhanced Collaboration: Streamlines data sharing across business functions, ensuring consistent and transparent reporting.
Executive Summary:
Workiva has launched Workiva Carbon, expanding its platform for ESG, financial reporting, and GRC with tools for carbon accounting, management, and decarbonization. This new addition helps organizations comply with global climate regulations and manage net zero targets efficiently.
Workiva Inc., a leader in assured integrated reporting, has launched Workiva Carbon. This new offering enhances its ESG & Sustainability Platform to help organizations comply with global climate regulations such as the Corporate Sustainability Reporting Directive (CSRD), SEC’s climate disclosure rules, and California’s SB 253 and SB 261.
Measure and Track Emissions
Workiva Carbon enables companies to collect real-time data from ERP platforms, accounting systems, and utility providers. It tracks greenhouse gas (GHG) emissions across facilities using validated emissions factors covering 240+ countries. This allows automatic calculation of carbon emissions across scopes 1, 2, and 3.
Manage and Decarbonize
Organizations can create supplier engagement surveys to capture critical data, set science-based targets, and develop reduction pathways. This facilitates assessing ESG risk and decarbonizing supply chains.
Collaborate Seamlessly
“Now our customers can streamline Greenhouse Gas (GHG) emissions tracking, set science-based targets, and meet stakeholder demands amidst the changing investor and regulatory landscape,” said Julie Iskow, president and CEO of Workiva. Workiva Carbon ensures consistent, audit-ready data sharing across business functions, reducing risks associated with manual edits and disparate spreadsheets.
Report with Confidence
The platform aligns emissions data with voluntary and mandated frameworks, delivering consistent disclosures for regulators, investors, and stakeholders. Features include full data lineage, attached evidence, and granular permissions, ensuring comprehensive reporting.
Related Article: ERM and Workiva Form Partnership to Enhance Climate and Sustainability Reporting for Clients
Combining technology and expertise from the Sustain.Life acquisition, Workiva Carbon leverages advanced carbon accounting and emissions reporting capabilities. “Together, we can make an even greater impact and accelerate our mission to power transparent reporting for a better world,” Iskow added.