Company: Wolters Kluwer, New York City, NY
Company Description: Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: Financial Management Solution
 Nomination Title: CCH Tagetik ESG & Sustainabilty for CSRD
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the 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:
April 1, 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 350 words used.
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. Our CCH® Tagetik global expert solution enables digital transformation in the office of the CFO providing an Intelligent Platform boosted by artificial intelligence, elevating all corporate performance management (CPM) processes from close to planning to reporting to regulatory to analytics. With the broadest range of regulatory products created by CCH Tagetik’s experts, we help global enterprises to keep pace with proliferating and increasingly complex regulations through our pre-built but configurable software and an extended platform that leverages embedded financial intelligence.
ESG reporting is becoming a red-hot business imperative for Finance, and the Corporate Sustainability Reporting Directive (CSRD) introduces extensive disclosure requirements, mandatory sustainability reporting standards, and an obligatory audit. CSRD adds double materiality to reporting where both financial and impact materiality must be disclosed.
CCH Tagetik ESG & Sustainability has everything companies need to comply with ESG reporting requirements and achieve long-term sustainable growth. Our intelligent solution streamlines data collection, calculation, and KPI disclosure supporting compliance with CSRD, EU Taxonomy, GRI, SASB, IFRS and more.
Our CSRD-specific capabilities help companies navigate complex ESG regulations, automate reporting, ensure accurate disclosures, and evaluate material matters and impacts.
- Compliance with new ESRS reporting standards: Get your reports up to speed with a preloaded library of all the European Sustainability Reporting Standards (ESRS) regulatory indicators, related calculation logics and pre-configured data model.
- Carbon emission data preparation: Automatically calculate Scope 1, 2 and 3 emissions data and feed it into CSRD predefined output reports. Use pre-configured calculation logic based on the GHG protocol, preloaded emission factors and an extensible library.
- Double materiality assessment: Engage stakeholders, determine relevant sustainability matters, define, and assess impacts, risks, and opportunities, and draft a complete materiality overview.
- AI-powered intelligent narrative reporting: Automatically cascade audited, vetted numbers into disclosures., reports, and presentations. Accelerate narrative creation with Microsoft Copilot GenAI.
- Assurance and governance: Track the history of all source data via an automatic audit trail to support both limited and reasonable assurance.
- 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 341 words used.
CCH Tagetik ESG & Sustainability is a regulatory, unique solution that supports finance organizations to comply quickly and transparently. By leveraging intelligent, pre-built processes you'll be able to aggregate and analyze complex enterprise data and automatically generate ESG reports and disclosures. But that’s not all. Our solution enables finance organizations to integrate ESG strategy into all financial processes to understand how ESG data affects financial performance and operational information. Since CCH Tagetik is underpinned by a powerful data engine, you can transform financial, operational, and ESG data into actionable information while seeing how performance intersects.
After two years from the launch of CCH Tagetik ESG & Sustainability Performance Management, Wolters Kluwer ESG leadership has been recognized by industry analysts: Wolters Kluwer recognized by Gartner® in 2023 Market Guide for ESG Management and Reporting Software, Wolters Kluwer is “Top Vendor” in Dresner’s Environmental, Social, and Governance Reporting (ESG) Market Study, Wolters Kluwer named a leading global provider of ESG Software by independent research firm, IDC MarketScape: Worldwide Environmental, Social, and Governance Program Management Software 2023 Vendor Assessment – Leader.
CCH Tagetik ESG & Sustainability also has a huge cross-industry customer base with EMEA prominence. To mention some logos: Unicredit, Aegon, Pewag Group, Manitou Group, a2a, Bolton Group, HDI, Megger, and many more.
Unicredit supports ESG regulatory compliance managing integrated ESG reporting and disclosure through CCH Tagetik across all their financial processes across multiple legal entities in different countries. Interview with Unicredit - YouTube
With CCH Tagetik, a2a was able to homogenize and standardize reporting in a2a. Part of a complex group with +100 companies, they manage diverse data, ranging from environmental to HR and supply chain information. Interview with A2A - YouTube
Pewag Group can now benefit from integrated, unified group-level CSRD reporting by collecting, analyzing, measuring, and reporting data from subsidiaries to the group level. Interview with Pewag Group - YouTube
As a public company, Wolters Kluwer does not disclose information regarding financial performance of individual business units. Therefore, we are unable to disclose detailed financial results at the level requested.
- 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 44 words used.
Datasheet:
ESG & Sustainability Performance Management for CSRD - Datasheet
ESG & Sustainability Performance Management - Datasheet
Please review the demo videos and customer interviews here:
https://www.wolterskluwer.com/en/solutions/cch-tagetik/esg-sustainability-performance-management
Product URL - https://www.wolterskluwer.com/en/solutions/cch-tagetik/esg-sustainability-performance-management
Company URL - https://www.wolterskluwer.com/en/solutions/cch-tagetik
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