Running a sustainable business is no longer a choice. Companies must commit to sustainability goals to operate competitively and to support the global effort to stem the effects of a changing climate. That’s why platforms that help measure and enforce sustainability goals have become an essential tool in the operations arsenal.
One company, and platform, supporting the revolution in sustainability strategy and performance is the startup Watershed. The company’s comprehensive data analysis platform enables organizations to measure and account for carbon emissions across diverse business functions.
The platform unravels the complexities of supply chain emissions and, through user-friendly dashboards, translates data into live results, including competitor benchmarking. Planning tools support efficient carbon reduction and removal strategies.
Now, Watershed has released a new product, Watershed Disclosures, that focuses on the creation of climate disclosures in line with reporting requirements.
What Is Watershed Disclosures
Watershed Disclosures is the first product dedicated to providing the tools organizations need to produce multiple audit-ready reports to present to regulators and investors with automated features leveraging Watershed’s proprietary climate intelligence.
Climate disclosure is a major pain point for many companies needing help to accumulate the right data and adhere to the growing list of mandatory regulations specific to their sector and region.
- Identifying relevant climate disclosure regulations: Organizations can use the tool’s regulatory checkup feature to assess which climate disclosures apply to them. The feature also recommends voluntary reporting frameworks, disclosure timelines, and critical requirements.
- Rapid report building: Watershed Disclosures enables users to develop efficient reports quickly with the help of guided workflows with built-in climate intelligence, automatically pulling in climate data. This data can populate multiple reports simultaneously, enabling a scalable reporting mechanism for audit-ready documents.
- Recommended industry-leading responses: Explore a wide variety of disclosure examples from publicly available answers to help refine your own responses based on best-in-class examples and browse the product’s proprietary risks and opportunities library to better understand industry-specific risks and solutions.
Achieving Sustainability Goals
While mandatory climate disclosure obligations are of course, non-negotiable, voluntary contributions can often be overlooked. However, opting to provide disclosure to these optional frameworks further demonstrates a company’s commitment to sustainability and transparency in reporting. By not only simplifying the reporting process but also making recommendations, Watershed is helping companies to go beyond the basics.
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Watershed Disclosures significantly simplifies the disclosure process. In a demonstration of the product, the Watershed team showed how, with just two clicks in the application, users can select reporting tools and search for obligations.
Instead of committing time and resources to exhaustive research, the process is completed with references provided via answers to a handful of questions. Climate disclosure should be an integral part of business operations and run as smoothly as other areas, like automated finance reporting. Watershed is taking leaps to make this a reality for companies.
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