ESG Today writes that the launch of the platform comes as many companies struggle with the increasing demand for sustainability reporting, according to Workiva officials. Among the most important software solutions provided by the new platform are measurement tools and real-time data collection and an automated calculation of Scope 1, 2 and 3 emissions. Additionally, surveys can be sent to suppliers to assess their climate performance, as well as to help establish tailored decarbonization plans for each of them.

This is not the first software solution launched by Workiva, which inaugurated in 2021 another ESG reporting platform called Workiva Platform, aimed at reporting and compliance with the latest regulations.

The new software solution combines this knowledge with the expertise of the recently-acquired company Sustain.Life, which adds carbon accounting and management to the Workiva Platform.

Julie Iskow, President and CEO of Workiva, said that "the launch of Workiva Carbon enhances Workiva’s established and leading ESG platform, positioning us to help businesses advance their sustainability efforts. Now our customers can streamline Greenhouse Gas (GHG) emissions tracking, set science-based targets, and meet stakeholder demands amidst the changing investor and regulatory landscape."