ESG Solutions with Anaplan
Inline with the broader opportunity to leverage Enterprise Performance Management tools to accelerate the implementation of CSRD, we present our Anaplan specific solution. Anaplan’s cloud platform enables organisations to align strategy and ESG initiatives to operational execution, assess lower cost pathways for ESG initiatives, and support reporting to better understand exposures and mitigate compliance risks. Finance teams have a unique opportunity to leverage this industry-leading technology across the next wave of ESG requirements, increase efficiency and enable CSRD reporting transformation, supported by Deloitte - Anaplan’s largest global partner.
What is CSRD?
The Corporate Sustainability Reporting Directive (CSRD) is from the EU Green Deal. This directive covers 12 reporting standards and over 1000 potential data points.
The CSRD requires:
- Double materiality assessment
- Cross-functional reporting
- Gap analysis
- Limited assurance requirement
- XBRL tagging from 2nd year
- First reporting: FY24 for NFRD reporters, FY25 for many EU firms; FY28 for many non-EU undertakings
Why embed CSRD into core capabilities?
To cope with new expectations set out with the CSRD, sustainability and finance teams will need to consider how they can more effectively meet reporting requirements while building effective transition management capabilities.
Leading to key questions such as:
- How do we unlock value beyond compliance?
- How do we embed CSRD in current data and technology architectures?
- Where and how do we source the data?
- What does the Minimum Viable Product (MVP) for the first year of reporting look like?
- How do I limit regret spent?
- Who should own what?
ESG Solutions supported by Deloitte x Anaplan: CSRD 360 Navigator
Deloitte can help you establish CSRD reporting and control through a pragmatic approach that reduces initial investment and decision pressure, delivers insights quickly,and is future proofed by being aligned your organisations systems and data strategy.
Deloitte’s CSRD 360 navigator enables organisations to navigate the ‘collect to report’ process by collating all the ESRS reporting standards and requirements into one solution.
Using an extensive suite of in-built tools, CRSD 360 delivers impactful ESG insights to provide ESRS compliant sustainability statements to your organisation, facilitating your sustainability ambitions.
Our solution extends to the lowest level of granularity utilising a variety of data points and calculation engines to empower monitoring, planning scenario analysis and initiatives creation for GHG emission targets.
Main features
- Quantitative and qualitative data points including classification of units, adhering to guidelines outlined in ESRS (standards of reporting)
- Filters the data model based on double materiality output, providing exclusive access to material-ESRS which extends down the data chain
- Automatically calculates Scope 1-3 GHG emissions, applying threshold variances required by ESRS
- Supports seamless integration into current IT architecture, leverage connections to import existing data from avaiable systems, and prepares outputs for disclosure
- Enables multi-level reporting (BU vs consolidated) capability utilising data from the lowest granularity
- Control and data validations supported by configurabale workflows and audit trail of user changes
- Enables role creation with specific access to ESRS, facilitating monitoring, planning, scenario analysis and initiative creation for GHG emissions targets
