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ESG Reporting & Planning Software

Conquer Complexity in ESG Reporting

Conquer complexity in ESG Reporting & Planning processes by managing them through a unified Intelligent Finance platform supporting multiple CPM processes. Deliver rapid insights to internal and external stakeholders. Replace Excel spreadsheets and standalone reporting & planning software with a modern, unified platform.

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Streamline ESG Data Collection, Reporting & Planning

Streamline ESG Data Collection, Reporting & Planning

Collecting activity, using industry standards or your own factors and methods to calculate your Scope 1 and 2 emissions and carbon intensity.

Align ESG Planning & Reporting

Align ESG Planning & Reporting

Create, configure and align ESG metadata model requirements with the same data model used for financial reporting and planning.

Govern ESG Planning & Reporting Processes

Govern ESG Planning & Reporting Processes

Create end to end user workflows to ensure data integration, data validations, consistency checks, completeness and timely delivery of auditable data.

Enhance ESG Planning & Forecasting

Enhance ESG Planning & Forecasting

Forecast ESG KPIs to provide transparency for the organization into your financial and ESG target achievements.

Manage Renewable Energy Contracts

Manage Renewable Energy Contracts

Manage Renewable Energy Contracts (RECs, PPAs) throughout your organization and align calculations to Scope 2 Market Method in a unified data model.

Satisfied Customers

UPS
Costco
Pella
Capital One
KLM
Toyota

Delivering 100% Customer Success

“The OneStream platform is now core to McCain Foods Limited – uniting consolidation, planning, tax and analysis teams. OneStream Services’ strong leadership and technical knowledge was instrumental in our successful implementation. Their ability to actively listen to our goals and objectives and interpret during the design phase allowed us to create a system not only to satisfy our immediate needs, but to address our future needs.”

Richard N. Burton

McCain Foods

  • Data Management & Quality:

    Integrate and validate data from multiple sources and make confident decisions based on accurate financial and operating results.

    • Load and validate large volumes of non-financial data.
    • Load conversion factors with validation.
    • Out of the box Drill Down and Drill Back to source data providing ultimate auditability.
    • Connect to any source of ESG data as required e.g Internal Data Warehouses, ERP, CRM, HR systems.
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  • Workflow & Process:

    OneStream has the ability to design the user experience around the process and apply controls, validations and governance on ESG data collection, managing the monthly, quarterly and yearly tasks together. Leverage OneStream’s Task Manager solution to manage and orchestrate the process further and enable email notifications.

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  • Reporting & Analytics:

    Unify financial & operational insights to drive performance and deliver value. Deliver the right information, in the right format, at the right time.

    • Configurable dashboard visualizations to provide deep analysis of ESG data and turn it into valuable information and insights.
    • Ad Hoc Analysis via Excel & in-built Spreadsheet Component and pivot grids.
    • Integration with MS Office products – produce & distribute ESG PowerPoint packs, Word Docs and pdfs with ease.
    • Data Blending supports reporting on high volumes of non-financial data.
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  • Planning & Forecasting:

    Plan & Forecast on ESG initiatives with confidence and without compromise – set ESG goals and objectives, track Actuals v Targets and provide variance analysis & commentary. Perform what-if scenario modeling to understand the impact of ESG policies on financial results and business value. Unlimited Extensible Data Models for any ESG planning process.

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  • Consolidation & Calculation:

    Aggregate, consolidate and calculate ESG data submissions quickly to provide company-wide results according to internal policies and regulations.

    • ESG data is consolidated according to the same principles as financial data.
    • Automatic translations and eliminations on any financial data to be included such as equity & profitability.
    • Future Proof your CPM/EPM system to new standards with unlimited configurable dimensions and hierarchies – supporting GRI, SASB and other frameworks as required.
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ESG Reporting & Planning Solutions

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Solution

Financial Close & Consolidation Software

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Solution

Financial Planning, Budgeting and Forecasting Software

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Solution

Financial Data Quality Management Software

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What is ESG Reporting?

ESG reporting (a.k.a. Sustainability Reporting) refers to the disclosure of data covering a company’s operations in three areas: environmental, social and corporate governance. It provides a snapshot of the business’s impact in these three areas for investors, customers and wider stakeholders. The value of ESG reporting is that it ensures organizations consider their impacts on sustainability issues and enables them to be transparent about the risks and opportunities they face.

Are there any global standards for ESG/Sustainability Reporting?

There are many competing standards for ESG/Sustainability reporting including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Carbon Disclosure Project (CDP) and many others. However, there is now movement towards a global standard coming out of the recent COP26 conference in 2021 and COP27 in 2022.

The US-SEC has issued multiple drafts on climate related reporting and is expected to release it’s first set of climate disclosures in 2023 with implementation from FY 2024. The expectation is that the SEC will use ISSB standards (International Sustainability Standards Board – under IFRS).

The European Union (EU) Announced Green Deal in 2021 to help facilitate the energy transition in Europe towards renewable energy. 750 bEUR available in green financing. To qualify companies have to proof their Revenues, Opex and/or Capex are ‘green’. For this the EU Taxonomy was introduced focusing on 6 main criteria to address the issue of poor data quality, the CSRD (Corporate Sustainability Reporting Directive).

EFRAG (European Financial Reporting Advisory Group) was tasked by the EU commission to convert the CSRD into the European Sustainability Resporting Standards (ESRS)

CSRD / ESRS are in force as of 2023 as of FY 2024 and apply to any company (listed or private) that has (2 out of 3 criteria will make the company eligible):

  • Over 250 employees
  • Over 40 mEUR in revenue
  • Over 20 mEUR in Assets

As of 2028 companies outside the EU but with operation in the EU that meet the criteria, will have to report under the CSRD.

ESG Reporting & Planning Resources

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Video

The New CFO Imperative: Unifying ESG & Financial Reporting

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Blog Post

Align ESG Reporting and Financial Reporting with OneStream

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Blog Post

Unifying ESG with Financial Reporting

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Blog Post

Data Quality: Key to Accurate ESG Reporting

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See Resources

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