Streamlining ESG Compliance Reporting: Helping You Drive Transparency and Governance in Your ESG Reporting Process

Learn how ONESOURCE ESG Reporting for SAP Sustainability Control Tower, an SAP endorsed app, enables you to gather, prepare, report, and file ESG data in compliance with ESRS regulations using ESG data management capabilities in SAP Sustainability Control Tower and ONESOURCE Statutory Reporting’s expertise in last-mile reporting. Download dokumentet

Streamlining ESGcompliancereportingHelping you drivetransparency andgovernance in yourESG reportingprocessSolutionObjectives Quick factsBenefits
2 | 6Automate ESG compliance and manage data and reportingwith confidenceEnvironmental, social, and governance (ESG) criteria serve as a benchmark for a company’s long-termsustainability, offering insights that go beyond traditional financial metrics. How you report on these canimpact who may choose to buy your products or services, work for you, and invest in you.As ESG priorities reshape global business strategies,shifting economic sanctions, regulations, and tax require-ments are creating complex compliance challenges thatbusinesses must address. You must meet regulatoryrequirements specific to your business and, at the sametime, help ensure your stakeholders and customers canunderstand and trust your sustainability reporting.Modern technology plays a crucial role in reducing complex-ity to help your business meet the rigorous requirementsof ESG compliance. This is why Thomson Reuters and SAPhave partnered to create a robust solution for complyingwith the Corporate Sustainability Reporting Directive(CSRD) through the European Sustainability ReportingStandards (ESRS). This solution combines the power ofThomson Reuters ONESOURCE Statutory Reporting withthe SAP Sustainability Control Tower solution.ONESOURCE ESG Reporting for SAP Sustainability ControlTower, an SAP endorsed app, enables you to gather, pre-pare, report, and file ESG data in compliance with ESRSregulations using ESG data management capabilities inSAP Sustainability Control Tower and ONESOURCEStatutory Reporting’s expertise in last-mile reporting.SolutionObjectives Quick factsBenefits
Addressing ESG reporting requirements can be a dauntingtask. ONESOURCE ESG Reporting for SAP SustainabilityControl Tower helps you streamline your reporting process,saving time and resources by providing a centralizedplatform for ESG measures and metrics. Data integrationbetween SAP Sustainability Control Tower and ONESOURCEStatutory Reporting helps ensure a streamlined, unifiedsolution for compliance with ESRS, enhancing operationalefficiency.The accuracy of your ESG reporting is only as good as thedata fed into the reporting process. The endorsed apphelps you import and enhance source data and providesvalidations for accuracy. It supports you in your compli-ance with key regulations by building on predefined datamodels to support established reporting frameworks.It also establishes reliable ESG metrics, which can bepushed into ONESOURCE Statutory Reporting to meetregulatory ESRS compliance reporting requirements.Drive efficiency and reduce risk in your ESG reportingprocessAutomate andcentralize your ESGdata collection,processing, andreporting to driveefficiency and reducerisk in your ESRSreporting process.3 | 6SolutionObjectives Quick factsBenefits
Ensuring you have the governance and oversight you needis paramount when it comes to compliance. With the datachallenge for ESG reporting, it can be precarious to relyon manual processes. Making sure there are no errors ina spreadsheet handling hundreds of data points can bedifficult. And the same is true of reporting. Not only doesit add time to the process, but it also makes governanceand oversight much less clear.ONESOURCE ESG Reporting for SAP Sustainability ControlTower provides a single, unified view of ESG measures andmetrics, making it easier for you to access and manageESG data. The integration of SAP Sustainability ControlTower with ONESOURCE Statutory Reporting helps ensureyour ESG data is accessible and reportable, reducing thecomplexity of complying with the Corporate SustainabilityReporting Directive.The granular user permissions in ONESOURCE StatutoryReporting mean you have control over who can do what inthe report, and the audit log allows you to trace who hasdone what. You can add your review comments to thereport in the application, and the report comparison fea-ture means changes between the reports can be identifiedto assist any internal or external review.Enable governance and oversight with your ESG reportingprocess4 | 6Be sure you have thecontrol you need tosuccessfullyreport.SolutionObjectives Quick factsBenefits
5 | 6ONESOURCE ESG Reporting for SAP Sustainability ControlTower supports the ESG reporting process and helpsensure compliance with ESRS requirements.SAP Sustainability Control Tower provides you with themeans to gather your reporting data on a centralized plat-form. This lets you establish reliable ESG metrics andcomply with key regulations. You can build on predefinedmodels as well as adapt for your business.The direct link to ONESOURCE Statutory Reporting helpsensure the most up-to-date, necessary data is pulled intothe report, automating the process and reducing the risk ofhuman error.Functionality in ONESOURCE Statutory Reporting, withgranular user permissions and a detailed audit log,enhances your governance. You can drive efficiencythrough the review process with review comments andreport comparisons.Hundreds of customers use ONESOURCE StatutoryReporting to support their financial reporting process andcan achieve efficiency gains of up to 67%.*SAP endorsed app ONESOURCE ESG Reporting forSAP Sustainability Control Tower can support you in yourESRS reporting journey.Realize the benefits of ONESOURCE ESG Reporting forSAP Sustainability Control Tower*Source: “The Total Economic Impact of Thomson Reuters ONESOURCE Statutory Reporting,” a Forrester Total Economic Impact study commissioned by Thomson Reuters,November 2024SolutionObjectives Quick factsBenefits