Watershed, a leader in science-driven sustainability data management, has unveiled its latest innovation: Watershed for CSRD.
This cutting-edge software solution is specifically designed for companies navigating the complexities of the European Union’s Corporate Sustainability Reporting Directive (CSRD), heralded as the most exhaustive ESG disclosure regulation to date. With Watershed for CSRD, the company broadens its commitment to enhancing sustainability reporting, addressing the needs of over 50,000 global firms gearing up for a transformative phase in sustainability disclosures.
The inception of Watershed for CSRD comes at a critical juncture. Starting in early 2025, the initial group of CSRD reporters, totaling around 12,000 global entities, will present their 2024 ESG data to regulators across EU member states. This directive equates the significance of climate and ESG data with that of financial information, thereby integrating ESG reporting into the core responsibilities of corporate and financial leadership teams. The regulation aims to make ESG data universally available and consistent across diverse jurisdictions and sectors, signifying a landmark shift in transparency and accountability for companies, investors, and consumers alike. For finance and sustainability departments, this means achieving unparalleled accuracy and governance over their sustainability data, obtaining clear guidance on CSRD reporting criteria, and ensuring their reports withstand external audits.
Watershed’s core function is to empower organizations with comprehensive, science-based solutions for managing sustainability data. The introduction of Watershed for CSRD extends these capabilities to meet the stringent requirements of the CSRD, facilitating the collection, calculation, and management of over 1,100 ESG data points necessitated by the directive. The platform’s automated report builder and integrated project management tools promote seamless collaboration among sustainability, finance, compliance, audit, IT, and supply chain teams, simplifying the reporting process while ensuring compliance and accuracy.
Furthermore, Watershed for CSRD offers enhanced scalability for reporting initiatives, enabling users to leverage CSRD metrics for other reporting frameworks like CDP and TCFD within a unified, powerful platform. Developed by Watershed’s in-house team of climate, environmental, and policy experts, the software is already being utilized by leading global organizations, marking a significant milestone in the evolution of ESG reporting.
“Watershed for CSRD helps finance and compliance teams meet this new bar with confidence, while giving sustainability leaders the data they need to drive decarbonization,” Watershed co-founder Taylor Francis explained. Meanwhile, Kerri Robinson, Sustainability (ESG) Program Manager at TIP Group, highlighted the software’s capacity to mitigate regulatory risk, emphasizing the importance of having an audit-ready tool in light of the EU’s stringent CSRD requirements.
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