Wolters Kluwer has integrated ESG standards into its Corporate Performance & ESG solution, a part of its cloud-based TeamMate+ audit expert solution portfolio.
The inclusion of ESG standards in Wolters Kluwer’s CP & ESG offering comes as ESG considerations are increasingly seen as vital strategic and operational drivers. These are now essential components in the practice and workflow of internal auditors.
Wolters Kluwer is renowned for its innovative solutions that aid professionals in making informed decisions in an evolving regulatory landscape. The company’s flagship product, TeamMate+, is an all-inclusive global audit solution trusted by audit professionals worldwide.
The latest update to TeamMate+ integrates ESG reporting standards and frameworks such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), EU Taxonomy, and the Task Force on Climate-related Financial Disclosures (TCFD). This allows auditors to fast-track ESG audits, paving the way for robust corporate ESG reporting.
The enhanced TeamMate+ solution not only provides ESG standards in an audit-ready format, but also offers a significant upgrade in capacity to support ESG assurance activities.
Wolters Kluwer’s latest innovation comes amidst growing demand for ESG reporting due to evolving strategic business planning, investor pressure, and rapid regulatory developments.
Senior Vice President and General Manager, Wolters Kluwer TeamMate, Frans Klaassen, said, “Our nearly 30-year long relationship with internal audit professionals across industries and regions continues to help us identify the critical needs and capabilities required by our customers. As businesses invest increasing time and resources on ESG considerations, we can now provide ESG standards in an audit ready format to drive ESG assurance activities. This is where TeamMate+ ESG significantly enhances capabilities.”
Adding to this, Jim Pelletier, Senior Product Manager, Wolters Kluwer TeamMate, said, “The impact of evolving strategic business planning, investor pressure, and rapidly developing regulatory requirements is encouraging organisations worldwide to implement ESG reporting based on a variety of frameworks and standards. By structuring these complex requirements into an audit-friendly format within TeamMate+, we are jumpstarting the capacity of internal audit teams to execute their ESG assessment and assurance activities.”
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