Business data and reporting solutions provider Workiva announced today the launch of Workiva Carbon, a new solution aimed at enabling companies to collect, manage and report business and value chain greenhouse gas emissions data.

According to Workiva, the launch comes as companies face increasing demand for sustainability reporting, including through regulations such as the EU’s CSRD, the U.S. SEC’s climate rule, and California’s new SB 253 and SB 261 laws, and as companies work towards their own net zero targets and ESG commitments, driving a demand for increasing carbon and climate data from across the organization and the supply chain. the new solution, forming part of its ESG & Sustainability Platform, with the new solution aimed at addressing these needs with tools to manage net zero targets and respond to stakeholder transparency demands.

Key features of the new solution include emissions measurement, including collection of real-time data from ERP platforms, accounting systems, and utility providers and tracking of emissions across facilities and locations, automated calculation of scope 1, 2, and 3 carbon emissions, the ability to create supplier engagement surveys with forms to capture and connect data to reports and dashboards and to enable suppliers to set science-based targets and reduction pathways, gathering and sharing of data across business functions, and reporting, with emissions data automatically aligned to voluntary and mandated frameworks.

Workiva launched an ESG reporting solution in 2021 on its cloud-based reporting and compliance platform, Workiva Platform. According to the company, the new solution combines technology and expertise from its recent acquisition of sustainability software provider Sustain.Life, with the Workiva platform, adding carbon accounting and carbon management to Workiva’s ESG & Sustainability Platform.

Julie Iskow, President and CEO of Workiva, said:

“The launch of Workiva Carbon enhances Workiva’s established and leading ESG platform, positioning us to help businesses advance their sustainability efforts. Now our customers can streamline Greenhouse Gas (GHG) emissions tracking, set science-based targets, and meet stakeholder demands amidst the changing investor and regulatory landscape. Bringing these carbon capabilities into our platform highlights our unwavering commitment to providing our customers a comprehensive solution for Financial reporting, ESG, and GRC.”