Workiva Applauds New Climate Disclosure Mandates Proposed by the U.S. Securities and Exchange Commission
Originally published on Workiva
March 22, 2022 /3BL Media/ - Workiva Inc. (NYSE:WK), the company powering transparent reporting for a better world, applauds the U.S. Securities and Exchange Commission’s (SEC) recommended climate disclosure mandates announced this week.
The SEC's proposed mandates would require a domestic or foreign registrant to include certain climate-related information in its registration statements and periodic reports, such as on Form 10-K. These include, climate-related risks and their actual or likely material impacts on the registrant’s business, strategy, and outlook; the registrant’s governance of climate-related risks and relevant risk management processes; the registrant’s greenhouse gas (GHG) emissions, which, for accelerated and large accelerated filers and with respect to certain emissions, would be subject to assurance; certain climate-related financial statement metrics and related disclosures in a note to its audited financial statements; and information about climate-related targets and goals, and transition plans.
“With our experience navigating SEC mandates and guiding customers to stay ahead of global regulations, Workiva has created a seamless process that allows organizations to file needed investor-grade environmental, social and governance (ESG) disclosures that are both board and audit-ready within the same platform they already trust for financial compliance reporting,” said Marty Vanderploeg, CEO of Workiva. “We are confident the SEC’s proposed mandates will facilitate greater transparency of corporate climate impacts.”
Workiva’s end-to-end ESG reporting solution allows organizations to keep pace with the demand for trusted, transparent data and proof of ESG forward-looking business goals. Workiva customers have access to internationally recognized ESG frameworks, including SASB standards and TCFD recommendations and reporting requirements, financial and non-financial data collection templates, and the ability to calculate GHG emissions. Customers can create disclosures, policies and procedures, and governing control environments, tag with Inline XBRL® and file directly with regulators all within the secure Workiva platform.
Additionally, Workiva also partners with leading global technology and advisory firms that are available to assist customers as they expand their use of the Workiva platform to encompass the changing demands of ESG reporting.
To learn more about Workiva’s fit-for-purpose ESG solution, visit workiva.com/solutions/esg-reporting.
