Wolters Kluwer, a global provider of information, software, and services for professionals, has launched two new solutions: CCH Tagetik® ESG & Sustainability for CBAM (Carbon Border Adjustment Mechanism) and CCH® Tagetik ESG & Sustainability for Planning & Analytics. The ESG Planning & Analytics capability is designed to assist business leaders in aligning climate goals and broader ESG initiatives with financial performance, integrating sustainability into decision-making. The CBAM functionality aims to streamline compliance with the Carbon Border Adjustment Mechanism, with plans for evolution alongside future carbon pricing regulations.
Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, stated, “Companies are seeking transformative technologies to enable them to predict, plan and act on both financial and non-financial data and analytics. Our new solutions demonstrate our commitment to innovating to support finance leaders in managing emerging ESG-focused compliance and data needs to drive long-term resilience and growth. We remain committed to product excellence and anticipating market trends and delivering solutions that meet the evolving needs of CFOs.”
CCH Tagetik ESG & Sustainability for CBAM focuses on automating emissions reporting to enhance accuracy and streamline compliance, allowing for early management of supplier emissions, planning for import-related carbon costs, and preparing for escalating carbon allowance pricing. Its key features include AI-powered detection of CBAM-relevant goods and associated suppliers, automated emissions calculations aligned with CBAM guidelines for auditable data, generation of submission-ready reports with built-in quality checks and EU CBAM templates, and native integration with CCH Tagetik Carbon Management for seamless data sharing.
CCH Tagetik ESG & Sustainability for Planning & Analytics is an integrated solution designed to connect financial and sustainability data, facilitating faster and more informed planning aimed at driving long-term resilience and growth. It supports the definition and scaling of sustainability strategies across assets and value chains. Key capabilities include AI-enhanced Sustainability Forecasting and Analytics for simulating emissions trajectories, identifying risks, and uncovering performance gaps; a unified financial and sustainability data hub that integrates financial consolidation and planning data with sustainability metrics; and governance- and collaboration-first planning featuring robust workflows, role-based access, and collaboration tools to streamline sustainability planning and cooperation across organizational structures.
Wolters Kluwer (EURONEXT: WKL) reported 2024 annual revenues of €5.9 billion. The company serves customers in over 180 countries, maintains operations in more than 40 countries, and employs approximately 21,600 people worldwide. Headquartered in Alphen aan den Rijn, the Netherlands, Wolters Kluwer provides expert solutions combining domain knowledge with technology and services to professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; and corporate performance and ESG.
