Combined ESG and SEC solutions deliver significant cost and time savings
NEW YORK, NY – October 19, 2023 — Diligent, a leading GRC SaaS company, and DFIN (NYSE: DFIN), a leading risk and compliance company, today introduced a combined Environmental, Social, and Governance (ESG) and U.S. Securities and Exchange Commission (SEC) reporting solution package that eases the burden of reporting and compliance for their customers.
Diligent ESG, a market-leading ESG data collection, analysis and reporting tool on the Diligent One platform, connects with DFIN’s ActiveDisclosure SEC filing and reporting software, where customers collaborate to create audit-ready reports that can then be filed directly to the SEC along with quarterly reports. Together, customers benefit from auditable and up-to-date data, real-time collaboration and secure reporting, and affordability and ease of use — Diligent ESG saves users 50% in auditing costs over three years, and up to 80% time savings in data collection and validation.
“As ESG disclosure requirements increase, companies of all sizes must prepare to meet new data and reporting obligations or risk financial and reputational damage,” said Amanda Carty, General Manager of ESG & Data Intelligence at Diligent. “Alongside DFIN, we are eager to meet customers wherever they are on their ESG journey and deliver compliance with reduced burden and cost.”
“DFIN has a long history of helping customers successfully navigate the ever-changing regulatory landscape, and we are excited to lead the charge once again as ESG mandates enter the equation,” said Craig Clay, President of Global Capital Markets at DFIN. “Along with our trusted partner Diligent, DFIN delivers a true end-to-end ESG reporting solution that’s easy to use and cost-effective.”
As part of the Diligent One platform, Diligent ESG is a mature ESG data management solution that simplifies data collection and is scalable across organizations of all sizes. Customers can easily pull disparate data from across their organizations and complete carbon calculations leveraging an embedded emissions factor library based on the Greenhouse Gas Protocol, producing financial-grade climate data. This data maps against a variety of standards, including those set by the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), Task Force on Climate-Related Disclosures (TCFD), Carbon Disclosure Project (CDP), and the World Economic Forum (WEF).
As the world awaits the SEC’s ESG disclosure mandate, the California legislature has passed Senate Bills 253 and 261 regarding corporate climate data and financial risks associated with greenhouse gas emissions. The new bills will require large companies doing business in California to publicly disclose and assure greenhouse gas emissions by 2026.
“ESG reporting is here to stay,” added Carty. “Alongside DFIN, Diligent is helping companies meet global, federal, and state compliance mandates and avoid financial and reputational damage, all while reducing time and costs.”
The DFIN and Diligent ESG and SEC reporting solution package is available for use now. For more information, visit: https://www.diligent.com/solutions/carbon-accounting.
Diligent is a leading GRC SaaS company that gives organizations the tools and solutions they need to bring clarity to complex risk, elevate impactful insights and get ahead of a world that is constantly changing. With solutions across governance, risk, compliance, audit and ESG, Diligent empowers more than 1 million users and 700,000 board members and leaders to make better decisions, faster. No matter the challenge. Learn more at diligent.com.
DFIN is a leading global risk and compliance solutions company. We provide domain expertise, enterprise software, and data analytics for every stage of our customers' business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN's end-to-end risk and compliance solutions online at DFINsolutions.com, or you can also follow us on Twitter or LinkedIn.