WTKWY - Wolters Kluwer enhances Enablon Platform with addition of CCH Tagetik ESG reporting and disclosure capabilities | Benzinga
PRESS RELEASE
Wolters Kluwer enhances Enablon Platform with addition of CCH Tagetik ESG reporting and disclosure capabilities
Sustainability leaders and CFOs can now collaborate to earn the trust of key stakeholders, by
collecting, reporting, and disclosing verifiable ESG data – with the same rigor as financial data.
NEW YORK – November 14, 2023 – Wolters Kluwer Corporate Performance and ESG (CP & ESG) continues to deliver on its promise to integrate and extend its strong portfolio of financial and ESG solutions, this time by integrating ESG reporting and disclosure functionality from CCH Tagetik into its Enablon ESG Excellence solution. This new functionality now empowers companies of all sizes to meet Corporate Sustainability Reporting Directive (CSRD), Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and other requirements to report and disclose integrated ESG data alongside financial data.
The challenge: Companies need help complying with CSRD, GRI, SASB and other regulatory demands to reliably report on ESG performance
Companies of all sizes are now being asked to consistently report their progress toward ESG commitments through a myriad of regulatory frameworks. Most notably, 50,000+ EU-based companies will be mandated to participate in the European Union's Corporate Sustainability Reporting Directive (CSRD) by 2026. U.S.-based and foreign companies with subsidiaries in the EU will also eventually be expected to comply with CRSD disclosure requirements.
At its core, the CSRD will require impacted companies to integrate their ESG and corporate financial reporting through additional disclosures – and these new ESG disclosures must be auditable, just like financial data. These pressures are creating an urgent demand among financial and sustainability leaders for transformational technology that can help them collect, report, analyze and assure the accuracy of their complex, often ...