Today we launched Watershed Disclosures, a first-of-its-kind product offering that enables companies to produce high-quality climate disclosures to meet mandatory and voluntary reporting requirements. Companies can now use Watershed’s embedded climate intelligence to understand which disclosures apply to them, build multiple audit-ready disclosure reports, and develop best-in-class answers informed by peers’ responses and expert guidance.
This new product comes at a pivotal moment for corporate climate disclosure, where it is now table stakes for companies across industries, as regulators, investors, and executives demand new levels of rigor on par with financial reporting. But for most companies, climate disclosure is challenging: climate data is fragmented across different departments, in different formats; each disclosure framework has distinct requirements; and there’s no simple way to replicate reporting year over year.
“Companies use Watershed Disclosures to be in control of their climate data, so they can put their best foot forward with climate reporting. We designed it to make producing high-quality disclosures easier and faster every year, all while ensuring compliance. This way, customers can focus on running their business, rather than reporting on it.”
—Laura Blattner, Watershed product lead for Watershed Disclosures
Watershed Disclosures addresses the challenges of producing reports that satisfy compliance, legal, and financial teams while setting up climate teams to succeed. The product enables companies to:
- Assess their requirements with a regulatory checkup: Quickly identify climate disclosures that apply to your business, like the European Union’s Corporate Sustainability Reporting Directive (CSRD). The regulatory checkup also makes recommendations for participation in voluntary reporting frameworks like CDP and the Task Force on Climate-related Financial Disclosures (TCFD). The tool also provides recommended disclosure timelines and requirements.
- Build high-quality reports, faster: Create reports efficiently using guided workflows with embedded climate intelligence. The product automatically pulls in data from your current emissions measurements, targets, and reduction plans to populate multiple, audit-ready reports simultaneously. This allows you to scale reporting, making the reporting process easier and more reliable year over year.
- Create best-in-class responses: Browse high-quality disclosure examples and publicly available responses from peers to improve your own disclosures. The product also includes a proprietary risks and opportunities library to help you understand and include potential climate risks and opportunities for your business, a requirement of many disclosure frameworks.
“The stakes for getting it wrong are high, but Watershed streamlined the disclosure process and helped demystify what can be a confusing, error-prone, and daunting endeavor. Watershed helped us understand the requirements, pull in all of our data seamlessly, and develop responses we’re confident in.”
—Caroline Corbett-Thompson, ESG Manager at Wise
Today, Watershed Disclosures supports all major report frameworks including CDP, TCFD, CSRD, SECR, and more. As we approach the CDP reporting season, we’re excited to help more companies navigate climate disclosures with ease.