PR Newswire
Unified ESG Planning and Reporting now supports Scope 1, 2 and 3 emissions frameworks
OneStream, the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions – including financial close, consolidation, reporting, planning and forecasting, announced its new ESG Reporting & Planning solution. This solution enables OneStream customers to seamlessly collect, analyze, report and plan for ESG requirements – including Scope 1, 2 and 3 emissions – within OneStream’s unified platform.
“Despite the recent proposed scaling back of ESG and sustainability reporting regulations mainly aimed at small and midsize enterprises, larger enterprises covered by EU mandates will still need to meet reporting standards, albeit on a more forgiving timetable,” said Robert Kugel, Executive Director who leads the Office of Finance practice and the AI for Business efforts at ISG Software Research. “Moreover, enterprises that see value in reducing costs by consuming less energy and water while reducing GHG emissions must have systems in place that enable them to manage to ESG objectives. They will need software that allow them to reliably capture, plan, forecast and report ESG metrics and align them to financial planning and reporting.”
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OneStream’s ESG Reporting & Planning solution unifies ESG data and processes in a single platform—empowering Finance leaders to link sustainability efforts to financial performance. With support for target setting, scenario modelling, and Scope 1, 2, and 3 reporting, it helps businesses meet global compliance and make data-driven decisions that guide business performance. Key features of OneStream’s ESG Reporting & Planning solution include:
- Unified ESG Data Collection, Reporting & Planning: Collect activity, using industry standards or customized factors to calculate Scope 1, 2 and 3 emissions and carbon intensity.
- 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: Create end-to-end user workflows to collect quantitative and qualitative data through dynamic interfaces to ensure completeness and timely delivery of auditable data.
- 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 (RECs, PPAs) throughout the organization and align calculations to Scope 2 Market Method in a unified data model.
“Global businesses that align sustainability and carbon emissions reporting with financial performance have a stronger competitive advantage,” said Matt Rodgers, EVP, EMEA and ESG Executive Lead at OneStream. “Our recent Finance 2035: Return to Investment report found 73% of investors believe strong ESG credentials are key to global competitiveness. Today’s launch of ESG Reporting & Planning signifies our commitment to finance-led business planning – enabling Finance leaders to align sustainability with strategy so they can steer their businesses towards growth.”
OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.
With over 1,600 customers, including 17% of the Fortune 500, more than 300 go-to-market, implementation, and development partners and over 1,500 employees, our vision is to be the operating system for modern finance.
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