Watershed Case Studies Kroll's Efficient Climate Reporting with Watershed

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	Kroll's Efficient Climate Reporting with Watershed Watershed

Kroll's Efficient Climate Reporting with Watershed

Watershed

Use Cases	Time Sensitive Networking
Challenge	Kroll, a leading independent provider of risk and financial advisory solutions, was facing challenges in reporting to the Carbon Disclosure Project (CDP), a leading voluntary environmental disclosure system. The 130-question disclosure was comprehensive and focused on material ESG factors, requiring significant time and effort from Kroll's Corporate Social Responsibility team. The process was new to Kroll in 2022, and the team found it difficult to understand the technical language of the questions, requiring additional research. The team also had to manage their footprint data across multiple spreadsheet tabs and set up calls with their GHG auditors to understand the methodology used to assure their footprint. This added to the time required to complete the disclosure. Furthermore, the team was constantly under pressure due to the continuous cycle of reporting, with one report due as soon as another was completed. Read More
About Customer	Kroll is a leading independent provider of risk and financial advisory solutions. The company believes that discussing their ESG work, particularly their climate work, can be a competitive advantage. They see CDP reporting as an opportunity to showcase their ESG journey and help form their go-forward strategy, ensuring they are focused on their greatest opportunities. The company is committed to being a responsible corporate citizen and is constantly working on developing strategies to improve their corporate responsibility. They have a small Corporate Social Responsibility team that is responsible for multiple disclosures each year. Read More
Solution	Kroll turned to Watershed Disclosures, a product that enables companies to produce high-quality climate disclosures to meet mandatory and voluntary reporting requirements. With the help of Watershed’s software, Kroll realized significant efficiencies in their reporting process in 2023. Watershed’s platform helped the team better understand each question, how CDP awards points, and how to best frame their answers. The software also allowed Kroll to pull their footprint data directly into the report, saving them a lot of time and allowing them to focus on the more complex, technical modules. The team no longer had to toggle between spreadsheet tabs or set up calls with their GHG auditors. The software also provided a master dashboard that enabled better collaboration and allowed teammates to help with responses. This made the reporting process smoother and faster, allowing the team to focus more on developing strategies to improve Kroll's corporate responsibility. Read More Log in to view content
Contents

Use Cases

Time Sensitive Networking

Challenge

Kroll, a leading independent provider of risk and financial advisory solutions, was facing challenges in reporting to the Carbon Disclosure Project (CDP), a leading voluntary environmental disclosure system. The 130-question disclosure was comprehensive and focused on material ESG factors, requiring significant time and effort from Kroll's Corporate Social Responsibility team. The process was new to Kroll in 2022, and the team found it difficult to understand the technical language of the questions, requiring additional research. The team also had to manage their footprint data across multiple spreadsheet tabs and set up calls with their GHG auditors to understand the methodology used to assure their footprint. This added to the time required to complete the disclosure. Furthermore, the team was constantly under pressure due to the continuous cycle of reporting, with one report due as soon as another was completed.

About Customer

Kroll is a leading independent provider of risk and financial advisory solutions. The company believes that discussing their ESG work, particularly their climate work, can be a competitive advantage. They see CDP reporting as an opportunity to showcase their ESG journey and help form their go-forward strategy, ensuring they are focused on their greatest opportunities. The company is committed to being a responsible corporate citizen and is constantly working on developing strategies to improve their corporate responsibility. They have a small Corporate Social Responsibility team that is responsible for multiple disclosures each year.

Solution

Kroll turned to Watershed Disclosures, a product that enables companies to produce high-quality climate disclosures to meet mandatory and voluntary reporting requirements. With the help of Watershed’s software, Kroll realized significant efficiencies in their reporting process in 2023. Watershed’s platform helped the team better understand each question, how CDP awards points, and how to best frame their answers. The software also allowed Kroll to pull their footprint data directly into the report, saving them a lot of time and allowing them to focus on the more complex, technical modules. The team no longer had to toggle between spreadsheet tabs or set up calls with their GHG auditors. The software also provided a master dashboard that enabled better collaboration and allowed teammates to help with responses. This made the reporting process smoother and faster, allowing the team to focus more on developing strategies to improve Kroll's corporate responsibility.

Impact #1	The use of Watershed's software has transformed Kroll's reporting process, making it smoother and faster. The team now has a better understanding of the CDP questions and how to frame their answers, reducing the need for additional research. The software has also streamlined the management of footprint data, eliminating the need for multiple spreadsheet tabs and calls with GHG auditors. This has freed up the team's time, allowing them to focus more on the complex, technical modules of the report. The master dashboard has also improved collaboration within the team, allowing teammates to help with responses. More importantly, the time savings have allowed the team to focus more on their primary role of developing strategies to improve Kroll's corporate responsibility, setting the company up to be the most responsible corporate citizen it can be.

Impact #1

The use of Watershed's software has transformed Kroll's reporting process, making it smoother and faster. The team now has a better understanding of the CDP questions and how to frame their answers, reducing the need for additional research. The software has also streamlined the management of footprint data, eliminating the need for multiple spreadsheet tabs and calls with GHG auditors. This has freed up the team's time, allowing them to focus more on the complex, technical modules of the report. The master dashboard has also improved collaboration within the team, allowing teammates to help with responses. More importantly, the time savings have allowed the team to focus more on their primary role of developing strategies to improve Kroll's corporate responsibility, setting the company up to be the most responsible corporate citizen it can be.

Benefit #1	Significant efficiencies realized in the reporting process in 2023 with the help of Watershed’s software.
Benefit #2	Time saved by pulling footprint data directly into the report.
Benefit #3	Reduced need for additional research to understand the technical language of the questions.

Benefit #1

Significant efficiencies realized in the reporting process in 2023 with the help of Watershed’s software.

Benefit #2

Time saved by pulling footprint data directly into the report.

Benefit #3

Reduced need for additional research to understand the technical language of the questions.

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Overview

Kroll's Efficient Climate Reporting with Watershed

Operational Impact

Quantitative Benefit