Workiva Inc. has announced the launch of Workiva Carbon, a new carbon data management and reporting solution.
The unveiling comes as organisations prepare for the incoming wave of global climate regulations, including the Corporate Sustainability Reporting Directive (CSRD), SEC’s climate disclosure rules, and California’s Climate Corporate Data Accountability Act (SB 253) and Climate-Related Financial Risk Act (SB 261).
According to the company, Workiva Carbon simplifies the management of net-zero targets.
The solution enables organisations to collect real-time data from their ERP platforms, accounting systems, and utility providers and track greenhouse gas (GHG) emissions across facilities and locations using externally validated emissions factors that cover 240+ countries and territories.
This data enables companies to automatically calculate carbon emissions across Scope 1, 2, and 3.
Users can also create supplier engagement surveys with forms that capture and connect critical data to reports and dashboards, enabling them to set science-based targets and reduction pathways, assess ESG risk, and take steps to decarbonise the supply chain, the company explained.
From there, organisations are enabled to gather, share, and link the same set of trusted data to deliverables across business functions–including sustainability, accounting, finance, audit, risk, legal, and more–without the risks associated with manual edits, multiple versions, downloads of disparate spreadsheets, or last-minute changes.
The Workiva platform also enables them to automatically align emissions data to voluntary and mandated frameworks and deliver consistent disclosures for regulators, investors, and other audit-ready stakeholders.
Julie Iskow, president and chief executive officer of Workiva, commented: “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. Bringing these carbon capabilities into our platform highlights our unwavering commitment to providing our customers a comprehensive solution for Financial reporting, ESG, and GRC.”