Workiva Inc. · NYSE:WK
Workiva — CSRD Readiness webinar 3: Drive value through collaboration (2023)
23 slides from Workiva's conference presentation, 2023
Slide 1: CSRD Readiness: Drive value through collaboration
CSRD Readiness Drive value through collaboration
Slide 2: Introductions
Introductions Lynne Baber Andie Wood Dickson Alfred Sustainability Leader VP of Regulatory Strategy Solution Engineer PwC Workiva Workiva
Slide 3: Recap
Recap
Slide 4: Reporting in an integrated manner
Reporting in an integrated manner Financial Strategy and reporting business model Integrating reporting Sustainability Stakeholders reporting
Slide 5: What does investor-grade reporting mean?
What does investor-grade reporting mean? Trust Transparency Comparability
Slide 6: Assurance obligation
Assurance obligation Assurance by the statutory auditor is the “default” Independent third-party assurance • Mandatory starting with the first reporting period e nt re n d ty as Tra • With limited assurance e r on ns e p -pa ce ab iti Transition to reasonable assurance d rd ra n le on n I h u i as t
Slide 7: Finance, ESG & Risk
ERP Multiple data sources ESRS IFRS Multiple standards Audit Audit and responsibility Finance, ESG & Sign Risk off ESG Annual report IR .com
Slide 8: Organisations & Teams
Organisations & Teams
Slide 9: Financial Reporting and ESG & Risk fragmentation
Frameworks KRIs Data Entry Emails Financial ESG & Risk Reporting Assessments Sustainability Meetings Data Version Final Requests PBCs 2.7 Fluxes Audit XBRL Reports Board Shared Slack Deck Drives Policies & Procedures Checklists GRC Phone Controls Calls Testing Evidence Paper Annual Due Annual Reques
Slide 10: Communication
Regulators Board COMMUNICATION Investors Drive impact & Customers create value Public Employees
Slide 11: Corporate Story
Corporate Story Annual E1 S1 Report Regulators Climate Change Own workforce E2 S2 Pollution Workers in the Board value chain Investor deck E3 S3 Water and marine Affected Press release Shareholders communities E4 S4 Biodiversity Consumers end Policies & users Procedures Auditors E5 G1 Resource use B
Slide 12: Understand - Identify stakeholders
ESRS 1 - AR 1-3 Understand - Identify stakeholders Stakeholders are those who can affect or be affected by the undertaking (and its decisions and actions). The undertaking shall identify its two main groups of stakeholders: Value Users of sustainability reporting: To provide inputs or feedback on: ● P
Slide 13: Value Creation
Value Creation
Slide 14: Materiality flows from a company's business activities through to its reporting
Materiality flows from a company’s business activities through to its reporting A holistic picture of what’s material What’s material to the business to the company and its Report what matters stakeholders ● What drives board and ● What matters to the board management decisions when and management h
Slide 15: The ways of identifying what matters to companies
The ways of identifying what matters to companies What matters to What matters to the planet & investors & society? creditors? How sustainability The companies impact topics affect the future on sustainability topics development, (“inside out”) which may performance and also impact the company posit
Slide 16: What's the problem with 'traditional' approaches to materiality?
What’s the problem with ‘traditional’ approaches to materiality? Topics could be very vague and not Lack of systematic approach to identifying comprehensive enough to drive action or and prioritizing stakeholders reporting strategy (e.g. compliance) and lack of clear interconnection between topics T
Slide 17: Scale of engagement is determined by ambition level, scale and span of operations
Scale of engagement is determined by ambition level, scale and span of operations and value chain, resources, etc. 1. Understanding 2. Identification 3. Assessment 4. Determination Thorough understanding of the Identification and validation of key Adoption of threshold and business, value chain and re
Slide 18: The future: ESG as a core lever for transformation
The future: ESG as a core lever for transformation CEO CFO Company Strategy Integrated Reporting Strategy ESG Governance CSO Sustainability Strategy CRO Comms Risk & Assurance Strategy Communication Strategy
Slide 19: Demo
Demo
Slide 20: ESG Reporting Accelerator
ESG Reporting Accelerator PwC and Workiva are partnering to offer a unique immersive and interactive “ESG Reporting Accelerator” workshop and support their clients in their ESG Reporting journey. If you are interested and would like to take part or obtain more details, please contact myself or Sam Pr
Slide 21: Accelerate Roadshow
THE 2023 Accelerate Roadshow FRANKFURT - MADRID - LONDON - HELSINKI - AMSTERDAM - STOCKHOLM - PARIS
Slide 22: Accelerate 2023: Unity in Reporting
Accelerate 2023: Unity in Reporting Frankfurt Madrid April Date: April 25th Date: April 27th Time: 9:30 - 13:00 Time: 9:30 - 13:00 Helsinki Stockholm Amsterdam May Date: May 4th Date: May 9th Date: May 10th Time: 9:30 - 13:00 Time: 9:30 - 13:00 Time: 9:30 - 13:00 Paris London Date: May 16th Date: Ma
Slide 23: Q&A
Q&A workiva
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