Global content and technology company Thomson Reuters has announced a product integration partnership with SAP focused on ESG reporting compliance.
The partnership with SAP is reportedly aimed at simplifying compliance with emerging ESG regulations for multinational corporations, combining Thomson Reuters ONESOURCE Statutory Reporting and SAP Sustainability Control Tower to create a unified solution where customers can prepare, gather, and file ESG data.
Ray Grove, Head of Corporate Tax and Trade at Thomson Reuters, said the collaboration will “reduce the complexity and burden of complying with emerging regulations.”
“This integration represents a significant step forward in simplifying ESG reporting for global organizations, particularly in light of the upcoming CSRD requirements and other global ESG reporting requirements. Together, we are committed to helping businesses navigate the evolving regulatory landscape and achieving their sustainability goals,” explained Grove.
Indeed, according to the two, as countries roll out global standards, the produce integration will provide the foundation to address last-mile reporting obligations.
“The partnership with Thomson Reuters is part of SAP’s commitment to provide ERP-centric, cloud-based and AI-enabled sustainability solutions that meet the needs of businesses worldwide,” said Gunther Rothermel, Chief Product Officer and co-General Manager for SAP Sustainability.