Navigating sustainability: Pewag Group’s ESG journey with CCH® Tagetik.
CCH® Tagetik empowers Pewag Group’s sustainable evolution through precise ESG reporting and a commitment to renewable energy, shaping a transformative journey.
Navigate the evolving landscape of TCFD reporting with confidence, supported by AIS Consulting and CCH Tagetik Software. Ensure compliance with current regulations and prepare for the anticipated expansion of reporting requirements. Our comprehensive solution empowers you to streamline your TCFD reporting processes, enhance transparency, and effectively communicate your climate-related financial information, ultimately strengthening your sustainability initiatives and investor relations.
Who Is Required to Report TCFD?
In the UK, TCFD reporting is currently mandatory for companies with 500 or more employees and an annual turnover exceeding £500 million. The transition has shifted from being a “recommended guideline” to a “mandatory reporting requirement.” It’s expected that reporting requirements will become more stringent in the future, potentially leading to expanded reporting scopes and increased third-party audits. Be prepared for these developments.
It encompasses disclosures based on the following four key pillars:
Governance: The company is required to disclose how its board oversees and how management assesses and manages climate-related risks and opportunities.
Strategy: Detailed disclosure of climate-related risks and opportunities across different timeframes (near, medium, and long-term) is essential. Companies must explain how these factors affect their business, strategies, financial planning, and corporate governance. Additionally, they should describe their resilience in response to various climate scenarios, such as a 2°C or lower climate scenario analysis.
Risk Management: Companies must reveal their processes for identifying, assessing, and managing climate-related risks. They should also clarify how these processes are integrated into their overall risk management strategies.
Metrics and Targets: Companies are required to disclose the metrics and targets they use to measure their success in addressing climate-related risks and seizing opportunities. Furthermore, they should outline a transition plan that includes specific actions and activities aimed at achieving net-zero emissions by 2050.
Let us assist you in staying ahead of the curve when it comes to TCFD reporting. TCFD disclosure not only boosts investor confidence in your financial prospects but also showcases your adept management team actively navigating through an evolving landscape.
TCFD empowers you to:
Automate carbon reporting and social metrics.
Conduct scenario analyses to quantify potential impacts.
Establish initiatives for risk mitigation.
Implement a governance process for effective management.
Disclose all of the above in your annual report.
With CCH Tagetik, you can streamline ESG reporting and foster digital ESG expertise within your organisation.
AIS Consulting have been at the forefront of digital transformation in the UK and Ireland for 20 years. We have exclusively focussed on delivering digital finance transformation through the CCH Tagetik Corporate Performance Management (CPM) solution for the last 8 years.
Our team of 18 qualified CCH Tagetik consultants are experts in the delivery of ESG and Sustainability Reporting, Financial Close and Consolidation, Planning, Budgeting and Forecasting and Disclosure and Management Reporting solutions into mid-market and enterprise organisations across sectors including Manufacturing, CPG, Retail and Service.
If you would like to find out more about CCH Tagetik ESG and Sustainability Reporting and how AIS Consulting can help transform your current process and at the same time digitally upskill your team, complete this form to book a quick chat or discovery call.
Downloaded by
members
Satisfied CCH Tagetik Customers.
Building cross-functional collaboration: ESG experience at Manitou Group
Uncover Manitou’s ESG success story with CCH® Tagetik, empowering sustainable business practices.
Fedrus International gauges ESG materiality with CCH® Tagetik
Fedrus International uses CCH® Tagetik to support its compliance with CSRD and connect financial and non-financial data.
Leading the way to a sustainable future: A2A’s commitment to ESG and circular economy
A2A’s strategic plan drives sustainability through ESG focus, decarbonisation, and positive change with CCH Tagetik
Halma stays compliant with Lease Accounting standard with CCH Tagetik IFRS 16 solution
CCH Tagetik Lease Accounting provides Halma with an automated solution to easily manage the large volumes of leasing data providing data collection, calculations, reporting and disclosures according to the new regulations across 45 Business Units.
Employee planning in professional services.
Estimate a practice group’s profitability by determining resource related expenses and allocating employee activities. Plan for fee income, expense, and salaries using granular professional services drivers, like billing rates for service type or hours billed to client projects.
EVAPCO’s account reconciliation process with CCH Tagetik.
Learn how Evapco leverages CCH Tagetik platform to deliver their Account Reconciliation to distribute reconciliation needs across multiple data sources.