OneStream launches ESG Reporting & Planning for CFOs

OneStream has launched a new ESG Reporting & Planning solution aimed at helping CFOs integrate sustainability with their financial strategies.

The solution addresses the need for a unified platform that combines sustainability data with financial reporting. It specifically supports Scope 1, 2, and 3 emissions tracking, enabling real-time decision-making, scenario modelling, and emissions forecasting. This comes at a time when Australian businesses are navigating evolving global ESG disclosure standards and increasing investor demand for climate-aligned financial planning.

"Despite the recent proposed scaling back of ESG and sustainability reporting regulations mainly aimed at small and midsize enterprises, larger enterprises covered by EU mandates will still need to meet reporting standards, albeit on a more forgiving timetable," said Robert Kugel, Executive Director at ISG Software Research. "Moreover, enterprises that see value in reducing costs by consuming less energy and water while reducing GHG emissions must have systems in place that enable them to manage to ESG objectives. They will need software that allows them to reliably capture, plan, forecast and report ESG metrics and align them to financial planning and reporting."

OneStream's solution integrates ESG data and processes within a single platform, helping finance leaders connect sustainability efforts with financial performance. The platform supports target setting, scenario modelling, and Scope 1, 2, and 3 reporting, assisting businesses in meeting global compliance requirements and making informed decisions that guide business performance.

Key features of OneStream's ESG Reporting & Planning solution include a unified approach to ESG data collection, reporting, and planning. This involves collecting activity using industry standards or customised factors to calculate emissions and carbon intensity. The solution also aligns ESG planning and reporting with financial reporting data models, creating user workflows to gather quantitative and qualitative data. Additionally, it forecasts ESG KPIs for transparency into organisational target achievements and manages renewable energy contracts to align with Scope 2 market method calculations.

"Global businesses that align sustainability and carbon emissions reporting with financial performance have a stronger competitive advantage," said Matt Rodgers, EVP, EMEA and ESG Executive Lead at OneStream. "Our recent Finance 2035: Return to Investment report found 73% of investors believe strong ESG credentials are key to global competitiveness. Today's launch of ESG Reporting & Planning signifies our commitment to finance-led business planning – enabling Finance leaders to align sustainability with strategy so they can steer their businesses towards growth."