NEW
YORK, May 11, 2022 /PRNewswire/ -- As an
extension of Deloitte and Workiva's existing strategic alliance,
Deloitte has built four new accelerators for use on the Workiva
platform focused on Environmental, Social and Governance (ESG)
accounting and financial reporting and compliance. The new,
Deloitte-built accelerators on the Workiva platform aim to help
modernize internal processes for collecting disparate ESG data, as
well as streamline and automate ESG reporting capabilities
inclusive of data collection processes and greater framework
alignment. All are available now in The Workiva Marketplace.
"While it's most pressing for our publicly-traded clients, we're
hearing from many organizations we work with that they want to
establish or improve their ESG reporting," said Valeriy Dokshukin,
a Deloitte Risk & Financial
Advisory partner and Workiva alliance leader, Deloitte
& Touche LLP. "We developed these new accelerators on the
Workiva platform to combine with our existing Workiva ESG
methodology to help CFOs and controllers improve their
organizations' ESG reporting efficiency and accuracy, as their
organizations build and evolve those compliance and workstream
efforts."
Julie Iskow, president and COO of
Workiva Inc., added, "The Workiva platform is open, scalable and
designed so our strategic alliances like Deloitte can build and
deliver innovative service offerings that extend the value of
Workiva's solutions and play a broader role in our customers
digital transformation initiatives. As ESG disclosure requirements
continue to evolve, Workiva and Deloitte can help
organizations solve reporting challenges, and deliver investor
and board-grade data to all stakeholders."
Jon Raphael, Deloitte's U.S.
sustainability, climate and equity leader, added, "These Workiva
accelerators mark an important advancement to Deloitte's
sustainability, climate and equity practice, as we focus on helping
clients using Workiva to accelerate their ESG programs and
financial reporting responsibilities."
Deloitte's new ESG accelerators for use on Workiva's platform
include:
- The ESG Disclosure Management Tool is a tech-based
accelerator that helps organizations track and adapt to evolving
ESG regulations via more streamlined and more aligned disclosures
across various industry and global reporting frameworks. The tool
can be customized across specific individual industries and sectors
— or groups of them — to help focus on necessary disclosures across
multiple ESG reporting frameworks and standards.
- ESG Master Data Conversion Table is a tech-based
accelerator built to help streamline data collection and
preparation processes for calculating key environmental metrics via
standardized and repeatable processes. It can be customized with
various data input methods to automate calculations for waste,
water, energy and emission metrics.
- Data Rollforward Chain Accelerator is a tech-based
accelerator built to save time and generate greater informational
consistency through automation within Workiva's platform. The tool
automates quarterly and annual processes of rolling forward
documents and spreadsheets, aiming to reduce the risk of human
error and offer other process-based efficiencies.
- ESG Environmental Inventory Survey is a tech-based
accelerator built to collect environmental data inputs from a
variety of sources, upload supporting documentation, aggregate data
inputs and automatically calculate key environmental inventory
metrics such as Scope 1 and Scope 2 emissions, water withdrawal and
waste production.
About Workiva
Workiva Inc. (NYSE:WK) is on a mission to power transparent
reporting for a better world. We build and deliver the world's
leading regulatory, financial, and ESG reporting solutions to meet
stakeholder demands for action, transparency, and disclosure of
financial and non-financial data. Our cloud-based platform
simplifies the most complex reporting and disclosure challenges by
streamlining processes, connecting data and teams, and ensuring
consistency. Learn more at workiva.com.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and
advisory services to many of the world's most admired brands,
including nearly 90% of the Fortune 500® and more than 7,000
private companies. Our people come together for the greater
good and work across the industry sectors that drive and shape
today's marketplace — delivering measurable and lasting results
that help reinforce public trust in our capital markets, inspire
clients to see challenges as opportunities to transform and thrive,
and help lead the way toward a stronger economy and a healthier
society. Deloitte is proud to be part of the largest global
professional services network serving our clients in the markets
that are most important to them. Building on more than 175
years of service, our network of member firms spans more than 150
countries and territories. Learn how Deloitte's more than 345,000
people worldwide connect for impact at www.deloitte.com.
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Limited, a UK private company limited by guarantee ("DTTL"), its
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SOURCE Deloitte