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Deloitte, Consulting Firms Expand Workiva ESG Software Application Development

April 24, 2023 by Joe Panettieri

Deloitte, like several other global consulting firms, continues to expand its development work with ESG software company Workiva.

Workiva

Workiva develops a cloud-based software platform for regulatory, financial and environmental, social and governance (ESG) reporting. The company, founded in 2008, is based in Ames, Iowa. The business had 2,444 employees listed on LinkedIn as of April 2023.

Demand for the software appears strong. Indeed, the company's revenue was $143.8 million in Q4 of 2022, up 19.1% from Q4 of 2021.

Deloitte ESG Accelerators for Workiva

Key partners include Deloitte -- which has released three new sustainability-focused software tools via the Workiva Marketplace. Deloitte's new ESG accelerators for use on the platform include:

  • Scope 3 Greenhouse Gas (GHG) Report Calculator and Dashboard can process source data and calculate Scope 3 emissions for the 15 categories defined by the GHG Protocol.
  • ESG Report Template allows customers to "simplify and accelerate sustainability report development on the Workiva platform."
  • Continuous Controls Monitoring Exception Report Chain and related ESG Controls Templates allow customers to "streamline the development of continuous monitoring controls within Workiva and aims to help reduce climate- and sustainability-related risks across the organization."

The the latest Deloitte developments surfaced roughly one month after PricewaterhouseCoopers (PwC) and Workiva published various research that explored the SEC' proposed SEC climate change disclosure policies.

Meanwhile, KPMG and Workiva in early 2023 inked an “enhanced alliance to deliver environmental, social, and governance (ESG) focused solutions and services.” That increased collaboration “expands the KPMG ability to assist organizations in effectively implementing ESG data, process, control, and reporting capabilities, ultimately enhancing trust, mitigating risk, and unlocking new value as companies build a sustainable future,” the two companies said.

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