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Azmasoft is Africa’s leader in information, software solutions and services for professionals in audit, risk, and compliance as well as data analytics providing automation across all three lines of defense to enhance efficiency  and decision making.

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ESG - Environmental, Social & Governance
ESG is now at the top of the corporate agenda – increasingly linked as a key performance indicator of healthy, thriving businesses. Organizations of all sizes are feeling an increased sense of urgency to implement advanced, agile technology to help them efficiently collect, report, analyze, and assure the accuracy of their complex, often siloed ESG data – while deriving the same kind of insights they have come to expect from their financial reporting.
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Verdantix GQ - BLUE - ESG Reporting and Data Management Software - Leader 2023

Wolters Kluwer has been named among the leading global providers of ESG Software in the inaugural and prestigious Green Quadrant: ESG Reporting and Data Management Software 2023 report from Verdantix, an independent research firm.
Download the ESG Report

Why the increased focus on ESG?

Investors, consumers, analysts, employees, and other key stakeholders have long looked at financial metrics as key indicators of a business’s operational health. Now, those same stakeholders are demanding companies make – and keep – strategic commitments to advance social responsibility and environmental stewardship, too. That’s because investors and analysts increasingly report strong correlations among ESG performance, business value, and operational performance. ESG performance is also an increasingly important factor when it comes to driving employee retention and engagement – and consumer trust and confidence, too.

ESG reporting: what are the challenges?

Today’s businesses are expected – and sometimes required – to report and comply with myriad of inconsistent and ever-evolving ESG regulations. They’re also faced with the overwhelming task of centralizing and standardizing non-financial ESG data from a multitude of internal and third-party sources.
Just like financial reporting, effective ESG reporting requires multiple corporate regions, functions and businesses to rise above their siloes to work together to collect and report ESG data, analyze that data to identify and manage risks, and assure its accuracy. That kind of true collaboration and integration can only happen with the support of digital transformation: technologies that can break down siloes, bring clarity to complexity, and assure the traceability and auditability of ESG data.
Future ecological city
Study - The state of ESG & Sustainability Reporting – Challenges, tools and outlook


ESG Software: Technology that brings clarity to the complexity of ESG reporting

Wolters Kluwer is uniquely positioned within the highly fragmented ESG software market to support large companies expedite and empower their ESG journey. We know that meeting stakeholder demand for investor-grade data requires reliable, integrated, standardized automation. Our advanced, cloud-based technologies bring clarity to complexity by helping organizations collect, report, analyze and assure the accuracy of financial and non-financial reporting, so ESG can be transformed into a competitive advantage.
ESG, EHS and ORM for Large Companies
Our Enablon platform helps organizations protect worker safety, enhance sustainability, manage risks, stay compliant, improve corporate governance, and identify opportunities to elevate Environmental Health & Safety (EHS), Operational Risk Management (ORM), and ESG performance.
ESG for the Finance Function
Our CCH Tagetik Corporate Performance Management platform helps the Office of Finance manage enterprise business at scale, by streamlining financial processes, accelerating the financial close, enhancing decision-making with extended planning, and facilitating compliance with evolving financial and ESG regulations.
ESG for Audit Management
Our TeamMate audit management platform provides assurance to internal audit teams by streamlining audit workflow for financial and ESG data, improving productivity and cross-functional collaboration, connecting information from critical business systems, and delivering data-driven insights to organizational leaders.
ESG & Climate Risk Management for Banks
Our OneSumX solution suite addresses the tactical and strategic needs of finance, risk management, performance, compliance, ESG and regulatory reporting business areas of financial institutions.

ESG Data & Reporting

Read More on ESG Reporting →

The success of your Environmental, Social, and Governance (ESG) performance program starts with data. Meeting stakeholder demand for investor-grade data requires reliable, integrated, standardized automation. But a 2022 EY study found that 60% of finance executives say their ESG data resides in a patchwork of software applications — many of which don’t connect with each other. Fifty-five percent say their ESG data resides in spreadsheets.

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ESG strategy
Automate the collection of ESG data and embed ESG into your strategic business decisions and operations.
ESG Blog
The ABCs of ESG reporting
What are ESG and sustainability reports, why are they important, and what do CFOs need to know.

Top 5 ESG priorities for the C-suite

To thrive, organizations now must efficiently collect, report, analyze and assure the accuracy of their ESG data. And that means business leaders must evolve – quickly. C-suite leaders and their teams will succeed if they focus on these five priorities:

Understand that the complexity of their roles will continue to grow exponentially.

They’ll have even more data at their fingertips, more questions to ask and answer, and a greater need to plan for multiple scenarios.

Spend far less time producing and maintaining historical records of financial, corporate and ESG performance.
Their focus will shift toward leveraging real time data to shape future business ESG outcomes. In doing so, they’ll be better positioned to serve as a well informed driving force behind corporate strategic decision making.

Collaborate — with both internal and external partners.
They will fill gaps in knowledge and insist on identifying and implementing best process workflows and technologies that can help drive business and ESG performance forward.

Stay ahead of exponential change by leading with a digital-first mindset.
They'll recognize that continually investing in, and optimizing the use of, flexible, cloud based technology is essential to being able to analyze the massive data sets that are required to effectively navigate change and make informed ESG and business decisions.

Understand that the complexity of their roles will continue to grow exponentially.

They’ll have even more data at their fingertips, more questions to ask and answer, and a greater need to plan for multiple scenarios.

Build integrated finance, sustainability, ESG, IT and business teams.
They will surround themselves not just with traditional functional expertise, but with technologists, data analysts and strategic, forward thinkers who can leverage technology to identify trends, solve problems and collaborate with multiple stakeholders.

Featured Environmental, Social, and Corporate Governance Insight

The ABCs of ESG and the impact of internal audit
The ABCs of ESG and the impact of internal audit
Collaborating with second-line assurance functions, internal audit can help organizations achieve a more complete picture of ESG risks and controls for effective decision-making and reporting.
ESG White Paper
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Whitepaper: Bringing clarity to the complexity of financial and ESG reporting
ESG is now a key performance indicator of a healthy, thriving business. Learn more about how Wolters Kluwer is leading the way.
Latest ESG Expert Insights
View All ESG Expert Insights
ESG
July 18, 2024
Artificial Intelligence in EHS: Don’t Fall for the Hype
As you evaluate AI capabilities of EHS solutions, there is guidance that can help you distinguish real EHS AI solutions from those making false claims.
Learn More
Compliance
ESG
July 11, 2024
Sustainability reporting and auditing Double Materiality Assessments (DMA)
Learn about ESG, sustainability reporting, and key steps for auditing Double Materiality Assessments (DMA). Read our article for valuable insights and takeaways.
Learn More
Analyst Report
ESG
Finance
July 09, 2024
New BARC study “The State of ESG & Sustainability Reporting Challenges and Recommendations for 2025”
The new BARC study examines the major obstacles of ESG reporting, how leading organizations are addressing these challenges, their motivations and approaches, and makes recommendations for 2025.
Learn More
Compliance
ESG
Finance
June 24, 2024
What banks need to know and do now for the ECB’s IReF
Prepare for IReF with our comprehensive guide. Learn how the ECB’s new granular and integrated reporting framework impacts Eurozone banks and the steps needed for a smooth transition.
Learn More

ESG News & Press Releases

View All News & Press Releases
Compliance
ESG
Finance
June 10, 2024
Wolters Kluwer named as Category Leader in Chartis RiskTech Credit Risk Management Solutions 2024 quadrant
Wolters Kluwer Finance, Risk and Regulatory Reporting capabilities recognized by Chartis
Learn More
ESG
Finance
June 04, 2024
Wolters Kluwer expands CCH Tagetik ESG & Sustainability solution to include carbon emission reporting requirements
CCH Tagetik ESG & Sustainability for Carbon Emissions enables advanced data management of Scope 1, 2 and 3 emissions
Learn More
Compliance
ESG
Finance
May 09, 2024
Wolters Kluwer wins best ESG risk management solution at ESG Insight Awards
Wolters Kluwer, a global leader in information, software, and services for professionals, announces that OneSumX for ESG and Climate Risk Management wins Best ESG Risk Management Solution at the 2024 ESG Insight Awards.
Learn More
ESG
May 08, 2024
Wolters Kluwer wins Sustainable Service Award at 2024 SEAL Business Sustainability Awards
Wolters Kluwer announces that its Enablon ESG Excellence solution has received a Sustainable Service Award at the 2024 SEAL Business Sustainability Awards.
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