Deloitte develops carbon emissions reporting tool for Workday
Summary
“The collaborative functionality in Workday Adaptive Planning meant Deloitte was able to link climate-reduction strategies to financials and provide clients with a more complete picture of their carbon emissions progress and forecasts.” Melbourne-based Deloitte Australia partner Kurt Proctor-Parker – who leads Deloitte’s HR Technology practice nationally – told industry publication CRN that Accelerate2zero would help shield organisations from carbon price exposure and enhance operational efficiency, and was developed with flexibility, scalability and rapid deployment in mind. Accelerate2zero generates reports that can be included in executive management, board, investor and annual reports,” Proctor-Parker stated, adding that it could be employed as a stand-alone solution or fully integrated into financial processes for a holistic approach to managing emissions. The solution has already seen Deloitte pick up 2022 Workday Partner Innovation award in the Government category, and has been released by the professional services firm for use in countries which have calculated their emission factors and have made them publicly available. “Besides New Zealand, multiple jurisdictions are introducing climate disclosure mandates,” Proctor-Parker concluded, with there being increasing ESG pressure in Australia, not just on companies, but on regulators to beef up enforcement. “The immediate compliance requirement is placing private and public entities under significant pressure to measure and manage their emissions inventories to achieve net carbon neutrality.”