Workiva, a provider of business data and reporting solutions, announced the launch of Workiva Carbon, a new tool designed to help companies collect, manage, and report greenhouse gas emissions data.
This launch addresses the increasing demand for sustainability reporting driven by regulations such as the EU’s CSRD, the U.S. SEC’s climate rule, and California’s SB 253 and SB 261 laws. Companies also need more comprehensive carbon and climate data to meet their net zero targets and ESG commitments. Workiva Carbon is part of Workiva’s ESG & Sustainability Platform, providing tools to manage net zero targets and enhance transparency.
Key features of Workiva Carbon include:
– Emissions measurement, with real-time data collection from ERP platforms, accounting systems, and utility providers.
– Tracking emissions across various facilities and locations.
– Automated calculation of scope 1, 2, and 3 carbon emissions.
– Supplier engagement surveys to capture and connect data to reports and dashboards.
– Data sharing across business functions.
– Reporting aligned with voluntary and mandated frameworks.
Workiva launched an ESG reporting solution in 2021, and the new Workiva Carbon solution incorporates technology and expertise from its recent acquisition of sustainability software provider Sustain.Life. This addition enhances Workiva’s ESG & Sustainability Platform by including carbon accounting and management capabilities.
Julie Iskow, President and CEO of Workiva, stated that the launch positions Workiva to help businesses streamline GHG emissions tracking, set science-based targets, and meet evolving regulatory and investor demands.