Because you’re a Workiva customer, we wanted to ensure you saw the SEC’s announcement earlier today that defines new requirements for climate-related disclosures in annual reports and registration statements.

In summary, the SEC’s new climate-related disclosure requirements include: 

• Scope 1 and 2 GHG emissions, if material, with reasonable assurance for large accelerated filers and limited assurance for accelerated filers (with a phase-in period)
• An additional financial statement footnote disclosing the impact of climate-related events, mitigation efforts, and transition activities (subject to existing financial statement audit requirements)
• Disclosure of climate-related risks and their material impact on strategy and financial performance 
• Quantitative and qualitative disclosures on activities undertaken to mitigate or adapt to climate-related risks (if these activities are undertaken)
• Inline XBRL™️ tagging requirements

Workiva is committed to helping our customers solve complex reporting challenges just like these. Over the last few years, we have invested aggressively in our platform to support you in preparation for these new SEC disclosure and assurance requirements. Our market-leading Sustainability offering now includes:  

• Dramatically enhanced data-sharing, collaboration, and automation capabilities between your Sustainability, SEC, and GRC workspaces
• Fit-for-purpose capabilities like Sustainability Program and Sustainability Explorer
• An in-app Workiva AI experience to supercharge your work with robust privacy and data security
• Seamless connectivity with carbon accounting and EHS vendors
• An expanded network of advisory firms with Workiva expertise that can help optimize the use of our platform for customers seeking additional assistance

Now more than ever, we’re ready to support you with the world’s only unified platform that brings together financial reporting, Sustainability, and GRC—in one secure, controlled, audit-ready environment. Your teams can source sustainability data for your SEC disclosures, connect financial reporting data to your sustainability reports, and obtain assurance to go beyond ticking the regulatory box and drive transparency and transformation. We are so proud of the many customers, like you, who leverage our platform in amazing ways. Whether you are just getting started or have come a long way, you can rest assured that Workiva’s end-to-end platform will have you covered. 

For support through these changes, to ask questions, or to learn more about how the Workiva platform can help you, your dedicated customer success manager is ready. You may contact them directly or engage with us here.

I am enthusiastic about this next chapter to power transparent reporting for a better world, which we will build together.

Best,

Julie Iskow

CEO