Wolters Kluwer announced that it has launched CCH Tagetik ESG & Sustainability for Carbon Emissions. This new solution supports companies seeking to report and disclose direct and indirect carbon emissions including Scope 3 emissions and align with the Corporate Sustainability Reporting Directive (CSRD). The new carbon emissions reporting solution enhances CCH Tagetik's ESG and sustainability customer offering.

The product now embeds pre-configured, carbon data management capabilities based on the GHG protocol, the world's most widely used greenhouse gas accounting standards and guidance. This solution will support finance leaders in their efforts to track emissions accurately and accelerate compliance with relevant ESG regulations and standards. Key features of the new solution include: End-to-end regulatory coverage with carbon emissions data automatically feeding into CSRD, International Financial Reporting Standards (IFRS), Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) output reports.

Pre-configured data model to ingest data from multiple internal and external data sources. Emission factors with pre-loaded and extensible library to speed up configuration and increase accuracy. Pre-configured greenhouse gas (GHG) calculation logics for Scope 1, 2 and 3 emissions.

Dashboard and data visualization capabilities for comprehensive insights. In line with its ongoing commitment to innovation and leadership in ESG and sustainability, CCH Tagetik hosted a Sustainable Business Think Tank at its CCH Tagetik inTouch industry event in Lucca, Italy, last week. The Sustainable Business Think Tank brought together leading ESG experts, academics and organizations to discuss emerging trends in sustainability reporting and strategic opportunities for driving sustainable progress.