The Challenge

With the new regulations such as CSRD, EU Taxonomy, and the SEC Climate Disclosure Rule on the horizon, the company needed a unified, automated approach to:

  • Comply with evolving regulatory requirements
  • Establish a group-wide operating model for sustainability reporting
  • Create a single source of truth for non-financial data
  • Connect sustainability data across multiple business units
  • Automate and assure the end-to-end reporting process
  • Ensure audit-ready accuracy and assurance

The Solution

The company launched its Sustainability Reporting Program in partnership with CCH® Tagetik and Sofia Consulting to build a fully integrated, automated reporting ecosystem. The foundation of this transformation was the implementation of CCH Tagetik ESG & Sustainability Performance Management for CSRD, seamlessly integrated with the existing CCH Tagetik CPM and Solvency II solutions. Together, the teams designed a three-layer architecture that connected source systems, a sustainability data platform, and CCH Tagetik’s SaaS-based CSRD solution. This created one source of non-financial truth — with automated workflows, approvals, and audit-ready data collection.

The Journey

The program followed a structured roadmap:

  • 2021: Project initiation, governance, and regulatory analysis
  • 2022: Double materiality assessment and target operating model definition
  • 2023: System selection and data directory design
  • 2024: System implementation and transition to business-as-usual
  • 2025: Achieve limited assurance on the CSRD-aligned integrated annual report.

Over 300 users across the global entities now rely on CCH Tagetik solutions for sustainability reporting.

Results

Through CCH Tagetik, the company achieved:

  • Integrated data governance across finance, risk, HR, and sustainability functions.
  • Streamlined workflows and approval processes for consistent, audit-ready reporting.
  • Automation of 800+ sustainability intersections and 500+ KPIs across six material topics.
  • Scalability and transparency to meet evolving regulatory expectations.

The collaboration created bi-directional value - CCH Tagetik and Sofia Consulting gained insights from our requirements, while we achieved a scalable, compliant reporting framework - Finance Change Manager

Success Factors

The company attributes the success of the project to:

  • Strong governance and stakeholder engagement.
  • Clear ownership and accountability.
  • A pragmatic, collaborative approach between the company, CCH Tagetik, and Sofia Consulting.
  • The use of a pre-packaged solution tailored for CSRD requirements.

Automation alone doesn’t fix incomplete processes. The foundation of successful sustainability reporting lies in ownership, structure, and collaboration - Sustainability Reporting Team

Looking Ahead

With its sustainability data platform and CCH Tagetik’s ESG solution in place, The company is well-positioned to meet future regulatory requirements and provide transparent, high-quality sustainability disclosures that align with its corporate purpose and stakeholder expectations.