ESG Reporting with OneStream

Are you ready for the looming ESG Reporting mandate?

The UK is racing towards making environmental, social, and governance (ESG) disclosures mandatory for large organisations by 2025, under Scope 1 and 2 of the IFRS Sustainability Disclosure Standards. Likewise, the clock is ticking in the EU now almost 50,000 companies are required to submit reports for the 2024 financial year, in line with the Corporate Sustainability Reporting Directive (CSRD).

Customers already realising the benefits of managing their financial close, budgeting, forecasting, planning and reporting with OneStream Software are extending the platform to meet these new reporting requirements, streamline group sustainability efforts, and unify ESG Reporting with the office of Finance.

As stakeholders place a growing emphasis on sustainability and ethical business practices, the importance of ESG Reporting has evolved beyond a data collection exercise that only meets compliance standards and KPI reporting requirements. Companies are expected to set targets, track progress, and provide assurance on the accuracy and reliability of their ESG data. Investors now recognise the materiality of ESG factors to financial performance, as analysts assess not just financial disclosures, but also the implications on ESG risks and opportunities. This has resulted in a trend towards integrating ESG Reporting into existing financial reporting processes.

Adoption of the right technology is crucial for streamlining your ESG data collection and financial consolidation processes, ensuring data integrity and accurate reporting of disclosures for IFRS S1, IFRS S2, CSRD, GRI, CDP, industry-specific requirements and more.

OneStream enables a unified approach to reporting of ESG and financial disclosures in one solution, delivering a comprehensive picture of corporate performance. By seamlessly integrating ESG into existing close processes, teams across your organisation are empowered to meet compliance standards, enhance sustainability practices and improve stakeholder engagement.

Why choose OneStream for ESG Reporting?

Simplify the collection of ESG data through end-to-end user workflows, data load automation, controls and validations to ensure accuracy and completeness.
Integrate and consolidate ESG data from source systems across your organisation, including ERP systems, ESG-specific software, and external data providers, to create a single source of truth.
Improve collaboration and alignment of sustainability efforts across functions by integrating financial and non-financial data in the same metadata model and embedding ESG KPIs into financial and operational plans.
Leverage advanced analytics to evaluate the impact of ESG risk factors, such as climate change, community relations, and use of resources in your supply chain to better understand and mitigate ESG issues that could impact your financial performance.
Secure future growth and investment opportunities by showcasing your performance against ESG targets with interactive data visualisations and customised executive-level dashboards.

Explore using OneStream for ESG Reporting…

As one of OneStream’s earliest partners, Concentric Solutions has been a trusted implementation team for over 10 years. We work with customers across a range of industries and have domain specialists ready to help drive value from your OneStream platform.

Discover how we can support you on your ESG Reporting journey...

Download our ESG Reporting Fact Sheet

Stay informed with these useful OneStream resources:

Report: CFO Insights Into The State of ESG

Image: Cover of OneStream's Report on the State of ESG

Read insights from OneStream’s CFO Executive Outlook Report on the latest trends, risks and opportunities in ESG Reporting, including how companies are responding to new reporting requirements.

Image: Cover of White Paper on Unifying ESG and Financial Reporting

Explore how ESG performance has become the new imperative for CFOs, why Finance teams are best suited to take on responsibility for ESG reporting and the importance of integrating ESG and financial data.

Get your copy

Success Story: ESG Reporting at Accell Group

Find out how Accell Group streamlined its ESG Reporting by transforming their data collection and consolidation processes, and integrating ESG with financial data via a tailored dashboard in OneStream.

Download the case study

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McBride

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Honeywell

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