Streamlining ESG Reporting: The Power of Integration and Automation with Workiva

Streamlining ESG Reporting: The Power of Integration and Automation with Workiva

Discover how the Workiva Data Management Suite and Chains can revolutionize your ESG reporting process, improving efficiency, accuracy, and transparency.

In today’s rapidly changing business landscape, ESG reporting is essential, but traditional methods are hindering progress. The Workiva Data Management Suite offers sophisticated tools, including Workiva Chains, that streamline ESG data collection and reporting.

Challenges of Traditional ESG Data Collection

  • Siloed Data
    Sustainability reporting data often resides in disparate systems across an organization.
  • Manual Processes
    Reliance on spreadsheets, email, and manual data input leads to errors and delays.
  • Lack of Standardization
    Varying ESG frameworks hinder benchmarking and comparisons.

How Workiva Tackles ESG Challenges

  • Centralized Platform
    The connected platform from Workiva consolidates data from internal systems (ERP, HRIS, etc.) and external sources, offering a single source of truth.
  • Workiva Chains for Automated Collection
    Chains automate data extraction and updates. You can schedule data pulls from various systems directly into Workiva.
  • Real-time Monitoring
    The dashboards and live data updates from Workiva enable proactive monitoring of ESG KPIs. Enhance your data analysis by using pre-built connectors for data visualization tools like Power BI and Tableau.
  • Reporting Frameworks
    Templates and mapping capabilities align data with frameworks like GRI, SASB, TCFD, and more.
  • Collaboration and Control
    The platform from Workiva fosters collaboration, assigning clear roles, workflows, and audit trails for reliable data governance.

Specific Benefits of Workiva for ESG Reporting

  • Efficiency Gains
    Eliminate manual data wrangling through Chains, saving valuable time.
  • Error Reduction
    Automation minimizes the risk of errors from manual data entry.
  • Auditability
    Chains and the robust controls from Workiva enhance the reliability of your ESG reports.
  • Investor Confidence
    High-quality, streamlined ESG reporting solidifies trust with investors and stakeholders.

Example: Using Workiva Chains for GHG Emissions Data

Imagine gathering greenhouse gas (GHG) emissions data from numerous facilities and energy bills. With Workiva, you can:

  1. Collect System Data
    Get a head start in automating system data by utilizing pre-built connectors to authenticate and extract data from SAS and/or on premise systems.
  2. Set up Collection Spreadsheets
    Create structured spreadsheets for data input at each facility, or use the ESG Program workflow from Workiva to collect manual data.
  3. Automate Data Import
    Automatically pull collected data from spreadsheets and systems into the connected reporting platform from Workiva.
  4. Calculate and Consolidate
    Wdata queries can apply formulas to calculate emissions (including applying site and fuel based global warming potential factors to calculate CO₂e) and aggregate data across facilities.

The Workiva Data Management Suite and Chains revolutionize ESG reporting. By embracing these tools, companies improve efficiency, accuracy, and transparency while driving meaningful progress on their sustainability goals.

Ready to Transform Your ESG Reporting?

Schedule a free discovery session with Tower Turn today to learn more about the solutions from Workiva and how they can support your ESG journey.

Schedule a Free Discovery Session