Wolters Kluwer, a leader in professional information, software solutions, and services, has recently enhanced its Enablon Platform.
The company specializes in providing expert solutions across health, tax and accounting, risk and compliance, finance and legal sectors.
The motivation behind this enhancement is to assist companies in complying with the increasing demands of various regulatory frameworks related to Environmental, Social, and Governance (ESG) reporting. This includes directives like the Corporate Sustainability Reporting Directive (CSRD), Global Reporting Initiative (GRI), and Sustainability Accounting Standards Board (SASB).
Wolters Kluwer’s Corporate Performance and ESG (CP & ESG) division focuses on integrating and extending its portfolio of financial and ESG solutions. This includes the integration of ESG reporting and disclosure functionality from CCH Tagetik into the Enablon ESG Excellence solution.
The Enablon ESG Excellence solution is designed to simplify the complexities of ESG reporting. This functionality combines environment, health and safety (EHS), and ESG data collection and analysis expertise. It integrates the market-leading reporting and disclosure capabilities of its CCH Tagetik ESG & Sustainability Performance Management solution.
The updated Enablon ESG Excellence solution aids sustainability and finance leaders in several ways. It allows the collection, unification, and validation of ESG data from over 100 decentralized sources. It also helps in mapping ESG data to frameworks and regulations, governing and monitoring the ESG process, and producing auditable ESG disclosures.
Additional features of the solution include its capability to facilitate collaboration in tracking ESG performance and developing configurable ESG reports and presentations.
Karen Abramson, CEO of Wolters Kluwer CP & ESG, emphasized the urgency for digital transformation in ESG reporting. She highlighted the insufficiency of traditional methods like spreadsheets for larger organizations committed to ESG. “Just like our cloud-based corporate performance management technologies have brought clarity to the complexity of financial reporting and analysis over the past decade, Wolters Kluwer is now bringing digital transformation to the world of ESG reporting. Our new Enablon ESG Excellence solution enhancements prove that Wolters Kluwer is a market leader when it comes to creating agile platforms that unify ESG data management from source to disclosure.”
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