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CCH® Tagetik® ESG

Transparent reporting for a positive environmental, social, and governance impact.

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CCH® Tagetik CCH® Tagetik Account Reconciliation CCH® Tagetik Analytic Information Hub CCH® Tagetik Budgeting, Planning & Forecasting CCH® Tagetik Close & Consolidation CCH® Tagetik ESG CCH® Tagetik IFRS 16 (Lease Accounting) CCH® Tagetik Intelligent Disclosure CCH® Tagetik Predictive Intelligence CCH® Tagetik Supply Chain Planning CCH® Tagetik Transaction Matching

Transparent reporting for a positive environmental, social, and governance impact

For many years and certainly following the COVID 19 pandemic, ESG has lead to consumers and governments being forced to get to carbon net zero and being asked to pledge to reduce greenhouse gas emissions by investing in a climate action plan.

Day-to-day operations in the context of environmental, social, and governance, need to consider the best options for there business to head towards the government’s pledges.

UK Government has yet to state its requirements for ESG reporting, but the more forward-thinking business leaders understand the need for it anyway. A strong ESG performance means higher revenues can be gained, less risk, and more resilience during tough, competitive periods.

ESG is also a focal point for suppliers & customers looking for trustworthy companies & partners to work with. Reporting progress in this field shows that businesses are transparent about internal processes and make an effort towards bettering performance, this information shows off how committed a business is at adhering to positive ESG guidelines.

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Common Challenges

Navigating the complexities of ESG reporting can be challenging, with issues ranging from scattered data and evolving regulations to limited expertise and integration difficulties.

Complex Data Collection

ESG data is scattered in subsidiary or departmental silos around the organisation, making it challenging to analyse the total ESG impact. Data is often in different formats.

Evolving Requirements

There’s a push for a fast evolution of reporting and regulations. The frameworks companies use to disclose ESG information today maybe very different in a short time.

Lack of ESG Insight

ESG data isn’t being used to its full potential. In most cases, ESG data is divorced from financial results, companies are missing out on opportunities.

Integration with Finance

Integrating ESG reporting with traditional financial reporting can be a challenge. Aligning the two sets of data requires collaboration between teams.

Limited Expertise

ESG reporting requires a deep understanding of sustainability practices, reporting frameworks, and industry-specific issues. Many organisations lack this.

The Corporate Sustainability Reporting Directive (CSRD)

The Corporate Sustainability Reporting Directive (CSRD) brings significant new requirements, including detailed sustainability disclosures, mandatory reporting standards, XHTML-based reporting, digital taxonomy alignment, and independent assurance. See how CCH Tagetik ESG & Sustainability can simplify compliance and help you confidently meet CSRD requirements.

Drive a sustainable future with CCH® Tagetik

Embrace a sustainable future with CCH® Tagetik, a powerful solution designed to streamline ESG reporting and help organisations make data-driven decisions for a positive environmental, social, and governance impact. By consolidating data, navigating evolving regulations, and integrating ESG insights with financial reporting, CCH® Tagetik empowers businesses to develop and implement effective sustainability strategies that align with their overall goals.

CCH® Tagetik simplifies compliance, provides a comprehensive understanding of ESG impact, and integrates ESG strategy into financial processes, enabling organisations to connect financial, non-financial, and ESG data for better decision-making. By improving corporate governance and ESG ratings, companies can attract investors and drive sustainable growth.

Features & Benefits

Simplify Compliance

Calculate Scope 1, 2 and 3 emissions using pre-configured greenhouse gas (GHG) logic. Create disclosures and reports according to emerging ESG frameworks and regulations, like the EU Taxonomy, CSRD, IFRS S1 and S2.

Understand Your Impact

See how ESG initiatives impact your bottom line. Use scenario planning and what-if analysis to see the ripple of an ESG decision on financial statements and departmental plans.

Leverage Integrated Planning

Integrate ESG strategy into all financial processes. Give neighbouring departments, like marketing, sales, HR, and supply chain, the ability to measure and analyse performance.

Connect Financial & ESG Data

Transform financial, operational, and ESG data into actionable information. Find ESG opportunities in your business model, identify cost savings, and see the quantifiable benefits.

Improve Governance & Limit Risk

Analyse your corporate risk exposure and understand its related KPIs. Build ESG into your broader risk management framework with stringent data and governance controls.

Improve Your ESG Rating

Mitigate financial risk and improve your ESG rating with the ability to see how sustainability initiatives will impact your score. Project performance using integrated forecasts.

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