Company: Wolters Kluwer, New York City, NY
Company Description: Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in Health, Tax and Accounting, Financial Corporate Compliance, Legal & Regulatory, and Corporate Performance & ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Compliance Solution
 Nomination Title: Wolters Kluwer's TeamMate+ ESG
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
Release date: July 2023
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 210 words used.
Wolters Kluwer recognizes ESG reporting and disclosures are critical for organizational sustainability success. TeamMate+ ESG brings widely used ESG Standards (GRI, SASB, TCFD, EU Taxonomy and soon ESRS) into the audit workflow within the award-winning, cloud-based TeamMate+ Audit solution portfolio.
The ESG Standards are organized and structured to help auditors find the relevant information (the standard, metrics, and guidance - as provided by the source document) quickly and incorporate that information into audit projects - as risks or objectives or procedures. Doing so supports ESG audit activity and allows teams to take the lead in providing ESG assurance.
Audit provides independent assurance to help leaders understand and address ESG and sustainability-related risks and to support ESG and sustainability reporting and disclosures. By enabling access to 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), within the TeamMate+ environment, auditors are now able to accelerate ESG audits to lead assurance efforts for corporate ESG reporting.
As organizations invest time and resources on ESG considerations, TeamMate provides efficient and effective way of tackling these complex requirements in an audit-friendly format, giving auditors a head start on ESG audits to drive ESG assurance activities.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 331 words used.
With increasing interest and expectations from key stakeholder groups (investors, consumers, employees), boards and senior management need to know that the information and underlying controls associated with ESG and sustainability reporting are based on complete, accurate, and reliable information. Organizations must report their ESG impact using various frameworks available today.
There is an apparent gap between what is being reported and what investors believe to be accurate and trustworthy. To provide assurance, auditors need to understand the ESG objectives, the risks associated (e.g., the processes and controls), how they will be measured (source of the data) and be able to accurately assess and provide the needed reports. Audit plays an important role in providing independent review and assurance over ESG and sustainability practices and procedures – but we’ve heard from our customers that they struggle on where to begin.
With TeamMate+ ESG, you don’t have to start from scratch and struggle with complex, evolving ESG standards. TeamMate+ ESG enables you to get a head start on ESG audits with access to widely recognized ESG standards that are structured, organized, and available to be mapped to objectives and risks with supporting documents to drive ESG risk assessments and audits.
With the standards well in-hand, TeamMate drives ESG audit execution, with the solutions you expect to support your organization’s ESG reporting needs.
Ready to use frameworks
ESG standards form the basis of auditing and reporting. With ESG standards and frameworks built into our award-winning internal audit solution, your team is ready for ESG audits.
Aligned to your audit workflow
Say goodbye to wasted time. With integrated ESG content, you can easily bring the relevant standard(s) into your risk assessments and audit projects, making audit planning and audit execution easier to align to your ESG objectives.
Assurance over ESG reporting
Share observations and findings with stakeholders to support ESG reporting using TeamMate+. Easily view your ESG coverage or gaps, then build action plans and collaborate with key stakeholders to address any open issues.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 49 words used.
Press Release: https://www.wolterskluwer.com/en/news/wolters-kluwer-launches-teammate-esg
Website for TeamMate+ ESG: https://www.wolterskluwer.com/en/solutions/teammate/esg
Product demo(s) of TeamMate+ ESG:
Wolters Kluwer named a leading global provider of ESG Software by independent research firm:
https://www.wolterskluwer.com/en/news/green-quadrant-esg-software-leader-2023
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