CHECKLIST

7 Must-Haves for Future-Proof

ESG Reporting Software
Producing timely, trusted disclosures on environmental, social, and governance (ESG) issues is easier with the right technology.
Start by automating how your team collects, manages, and shares financial and non-financial data, so you can simplify the
reporting process and give investors the information the public wants.

As ESG disclosure frameworks and global regulations evolve, here are seven attributes to look for in an ESG disclosure software
solution that will evolve right along with you.

What to look for in a vendor What to ask

Flexible data collection • Can the software connect to other applications to automatically pull in data from all
of our sources, even if it lives outside of financial and HR systems, across departments
and teams?

• Can it combine data from financial systems, HR, and even manual collection?

Framework-ready for anything • How many disclosure frameworks does the software, application, or platform support?

• Does it allow me to map my data to a given framework?

• How easy is it for me to add new frameworks as regulations and demands shift?

Integrated reporting engine • Does the software allow me to integrate financial and non-financial data?

• How much data can it handle?

• How will ESG data make their way into multiple disclosures across the business,
including those that might be audited in the future?

Track record of trusted data • What is the vendor’s track record in handling compliance/investor-grade data?

• What is the auditability of data and reports in the application?

• Does it offer built-in security and controls?

Easy collaboration • Can finance, sustainability, governance, risk, compliance, and human resources teams
all do their thing with the same data in the application and work together?

Goes beyond ESG, with room to grow • Can this technology integrate with our other reporting processes requiring ESG data
disclosures, such as CSRD, ISSB, and SEC reporting, internal reporting, executive
decks, and global statutory reporting?

• Can the technology support our double-materiality process and identify gaps in
our data?

• How familiar are my organization’s consultants and advisory firms with the software?
What is the vendor’s customer support model?

• Does the technology enable me to add XBRL® tags to information according to a

specific taxonomy?

• How often does the developer update its ESG solution?

Like-minded ESG philosophy • What is the vendor’s progress on ESG?

• Does the vendor’s ESG goals align with my organization?

OK, so you might be wondering how the Workiva ESG solution stacks up. Take a look.

What to look for in a vendor How Workiva compares Vendor 2 Vendor 3

Flexible data collection • APIs and connectors to automatically pull in data from multiple sources
• Ability to add your own csv files and contributions from individuals

Framework-ready for • Flexes to accommodate multiple frameworks, including CDP, CSA,

anything ESRS, GRI, ISSB, SASB, SDGs, and TCFD

Integrated reporting engine • Designed to help you integrate financial and non-financial data
• Provides competitive data storage and querying limits
• Enables linking of ESG data across spreadsheets, documents, and
presentations

Track record of trusted data • Publicly traded since 2014

• More XBRL facts filed with Workiva than any other software application
• Trusted by more than 6,000 organizations who use the Workiva
platform for their sensitive data
• Automatic audit trail of revisions with traceability for data
• Granular permission settings, down to a spreadsheet cell

Easy collaboration • Same platform for ESG reporting can also be used for SEC reporting,
management reporting, global statutory reporting, and tax reporting,
so teams can link data across reports for consistency–in addition to
corresponding audit, risk, and compliance (GRC) activities

Room to grow • Partner alliances with the Big 4 advisory & assurance firms
• Double materiality and gap assessment built into solution
• Dedicated customer success manager to support new users
• Dedicated 30% of reinvestment of revenue to research and
development
• Leader in XBRL software and services to help teams meet current and
future data tagging needs

Like-minded ESG philosophy • AAA MSCI ESG rating

• Vice president-level oversight of ESG
• Company-wide ESG reporting and disclosures

Read more about the ESG reporting solution

from Workiva, or request a demo.

About Workiva
Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading cloud platform for assured integrated
reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data for a more innovative and sustainable government.
Workiva offers the only unified SaaS platform that brings customers’ financial reporting, environmental, social, and governance (ESG), and governance, risk, and
compliance (GRC) together in a controlled, secure, audit-ready platform. Our platform simplifies the most complex reporting and disclosure challenges by streamlining
processes, connecting data and teams, and ensuring consistency.

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