Collaboration will help companies facing regulatory, customer, and investor pressures to measure, disclose, and reduce emissions

Watershed, the enterprise climate platform powering corporate climate action at the world’s leading companies, announced an alliance with KPMG LLP, a leader in audit, tax and advisory services.

While 70% of CEOs indicated that addressing decarbonization is crucial to their company’s growth and financial health, fewer than 10% of companies measure emissions comprehensively. Through this collaboration, Watershed and KPMG offer a suite of capabilities to empower shared customers to pursue real carbon reductions, where Watershed offers the platform for carbon data, and KPMG leads the advisory services with clients to draw meaningful insights for informed decisions to map pathways to change.

Watershed’s purpose-built software platform includes granular greenhouse gas measurements and seamless emissions disclosure backed by climate science. Use of the platform to capture data and calculate metrics automates and simplifies the process, provides options for reducing emissions, and supports auditability. KPMG provides tailored sustainability advisory, plus expertise in broader Environmental, Social, and Governance (ESG) data, process, control, and reporting.

See related article: KPMG and Microsoft to Launch New ESG Digital Solutions for Businesses Around the World

“We’re thrilled to work with KPMG to offer our shared customers a climate program and ecosystem of ESG services to provide granular measurement, tangible emissions reduction, and audit-ready climate disclosure,” said Kristin Thayer, Head of Partnerships at Watershed.

“Companies evolving their businesses to meet emissions reduction targets amidst growing pressure and incentives need high-quality, trusted carbon metrics and reporting. We are working with them to navigate and simplify the complexities of their climate journey,” said KPMG Advisory Partner Mark Golovcsenko, ESG and Climate Strategy Leader. “Together with Watershed, we’ll help companies action their climate programs while building trust with stakeholders and driving value.”

Watershed powers climate disclosure for frameworks like CDP and TCFD, the U.K.’s Streamlined Energy and Carbon Reporting (SECR), Business, Energy and Industrial Strategy (BEIS), and Financial Conduct Authority (FCA), and the EU’s Sustainable Finance Disclosure Regulation (SFDR).