Workday expands ESG offering to drive social and sustainability initiatives

image of Workday building | Interview with Jim Stratton

Workday has introduced new solutions and expanded capabilities to help its global customers meet the demands of evolving environmental, social, and governance (ESG) regulations and corporate accountability.

The company’s two new solutions – social reporting for ESG and supplier risk and sustainability – will complement Workday’s current product portfolio, which supports ESG goals with belonging and diversity solutions, sustainable sourcing, compliance training, pervasive audit and internal controls features, and planning and analysis of ESG data.

These new solutions offer customers the opportunity to gain visibility and insight into data that is critical to meet current and developing ESG requirements. Additionally, Workday is enabling its broader ecosystem which will deploy and adopt new ESG capabilities by using open standards and technologies to support customers globally.

Customers will be able to expect streamlined workforce reporting to measure ESG, increased access to data to help select sustainable suppliers, and tailored solutions from partners built on Workday.

Pete Schlampp, chief strategy officer, Workday said: “As we look to create a more sustainable future, Workday is committed to being a proactive partner, driving continued innovation to help customers advance their ESG initiatives. We’re not only meeting customers where they are today, but through our own investments and openness, we’re extending the value we bring to customers through our ecosystem to help them get to where they need to be in the future.”

The social reporting for ESG solution is now available, with the supplier risk and sustainability solution available later in 2022 at no additional cost to Workday customers.