OneStream Unveils Game-Changing Solution to Empower CFOs in ESG Reporting Excellence

OneStream, a leading enterprise finance management platform, has unveiled its groundbreaking ESG Reporting & Planning solution. This innovative tool is set to transform the way businesses handle their financial and sustainability reporting, addressing the growing complexities of Environmental, Social, and Governance (ESG) requirements, especially for larger enterprises that must comply with strict EU regulations.

Streamlining ESG Reporting for Corporations

As the demand for comprehensive ESG reporting intensifies, especially for larger corporations, OneStream’s latest solution comes at a crucial time. While recent regulatory adjustments have eased requirements for small and midsize enterprises, the necessity for robust ESG tools remains paramount for larger organizations to navigate both current and future regulations efficiently.

Key Features of OneStream’s ESG Solution

OneStream is well-known for its ability to integrate core financial operations, including financial close, consolidation, reporting, planning, and forecasting, into one cohesive platform. The new ESG Reporting & Planning solution enhances these capabilities by incorporating:

• Unified ESG Data Collection: Streamlined data gathering for accurate reporting.
• Scenario Modeling: Tools to simulate various sustainability outcomes.
• Comprehensive Emissions Reporting: Detailed tracking of Scope 1, 2, and 3 emissions.
• Alignment of ESG and Financial Planning: Ensuring sustainability goals are integrated with financial objectives.

Benefits of the New ESG Reporting & Planning Solution

This innovative solution allows companies to:

• Manage renewable energy contracts effectively.
• Forecast ESG Key Performance Indicators (KPIs) to monitor sustainability progress.
• Utilize dynamic user workflows for the governance of ESG processes.
• Gain insights into financial and ESG target achievements through enhanced planning and forecasting.

Industry Insights from OneStream Leaders

Robert Kugel, Executive Director at OneStream, emphasized the importance of adapting to ESG demands, stating, “Despite the proposed scaling back of ESG regulations for smaller enterprises, larger companies under EU mandates must still meet reporting standards. Enterprises focused on cost reduction through energy efficiency and lower GHG emissions need reliable systems to manage their ESG objectives.”

Furthermore, Matt Rodgers, EVP and ESG Executive Lead at OneStream, highlighted the competitive edge gained by aligning sustainability with financial performance. According to their recent Finance 2035: Return to Investment report, 73% of investors believe strong ESG credentials are crucial for global competitiveness.

The launch of the ESG Reporting & Planning solution demonstrates OneStream’s commitment to finance-led business planning, enabling finance leaders to align sustainability with corporate strategy effectively. This strategic alignment is essential for steering businesses towards sustainable growth.