Wolters Kluwer Enhances CCH Tagetik ESG & Sustainability Solution with New Carbon Emission Reporting Features

Wolters Kluwer recently expanded CCH Tagetik ESG & Sustainability for Carbon Emissions. This innovative solution supports companies in reporting and disclosing direct and indirect carbon emissions, including Scope 3 emissions, in alignment with the Corporate Sustainability Reporting Directive (CSRD).

The new carbon emissions reporting solution significantly enhances CCH Tagetik’s existing ESG and sustainability offerings. It includes pre-configured carbon data management capabilities based on the Greenhouse Gas (GHG) Protocol, the world’s most widely used greenhouse gas accounting standards and guidance. This will support finance leaders in tracking emissions accurately and accelerating compliance with relevant ESG regulations and standards.

Ralf Gärtner, Senior Vice President and General Manager of Corporate Performance & ESG at Wolters Kluwer, emphasized the importance of this new solution: “Companies are seeking transformative technologies to enable them to meet growing ESG reporting needs and prepare for future requirements. Our new solution demonstrates our commitment to innovating to support finance leaders in managing disparate, non-financial data with the same rigor as applied to financial data. By expanding the core capabilities of financial consolidation and reporting, CCH Tagetik enables CFOs to accelerate core financial processes while automating close adjacent ones, including ESG, tax and regulatory reporting.”

Key Features of the New Solution Include:

• End-to-End Regulatory Coverage: Carbon emissions data automatically feeds into CSRD, International Financial Reporting Standards (IFRS), Sustainability Accounting Standards Board (SASB), and Global Reporting Initiative (GRI) output reports.
• Pre-Configured Data Model: Enables data ingestion from multiple internal and external sources.
• Emission Factors Library: A pre-loaded and extensible library speeds up configuration and increases accuracy.
• Pre-Configured GHG Calculation Logics: Facilitates calculations for Scope 1, 2, and 3 emissions.
• Dashboard and Data Visualization: Provides comprehensive insights through advanced visualization capabilities.
• AI-Powered Intelligent Narrative Reporting: Streamlines disclosure management with advanced reporting capabilities.

Wolters Kluwer’s CCH Tagetik ESG & Sustainability for Carbon Emissions represents a significant step forward in helping companies manage their carbon footprint more effectively and meet the increasing demands for transparent and accurate sustainability reporting.

Contact our team of experts to learn more about ESG Reporting solutions and CCH Tagetik.