Enterprise finance management platform OneStream announced the launch of its new ESG Reporting & Planning solution, aimed at helping CFOs and finance professionals to navigate sustainability reporting requirements and make data-driven decisions.

According to OneStream, the new solution unifies ESG data and processes in a single platform, enabling customers to collect, analyze, report and plan for ESG requirements, including Scope 1, 2 and 3 emissions, and support for target setting, scenario modelling.

Key features of the new solution include collection and reporting of Scope 1, 2 and 3 emissions and carbon intensity data using industry standards or customized factors, the ability to create, configure and align ESG metadata model requirements with the same data model used for financial reporting and planning, the ability to create end-to-end user workflows to collect quantitative and qualitative data through dynamic interfaces, forecasting of ESG KPIs to provide transparency on target achievements, and management of renewable energy contracts such as RECs or PPAs.

Matt Rodgers, EVP, EMEA and ESG Executive Lead at OneStream, said:

“Global businesses that align sustainability and carbon emissions reporting with financial performance have a stronger competitive advantage. Our recent Finance 2035: Return to Investment report found 73% of investors believe strong ESG credentials are key to global competitiveness. Today’s launch of ESG Reporting and Planning signifies our commitment to finance-led business planning – enabling Finance leaders to align sustainability with strategy so they can steer their businesses towards growth.”

Founded in 2012, Michigan-based OneStream provides an AI-driven platform that unifies financial and operational data to enable more efficient operations. The firm has over 1,600 customers, including 17% of the Fortune 500 market, it said.