Global information and technology company Thomson Reuters has expanded its product partnership with software provider SAP to support multinational corporations in their ESG reporting, simplifying compliance with emerging regulations. The integration will combine Thomson Reuters ONESOURCE Statutory Reporting and SAP Sustainability Control Tower, enabling customers to prepare, gather, and file ESG data seamlessly through a unified solution. On top of SAP Sustainability Control Tower’s ESG management capabilities, the combined product looks to address ‘last-mile’ reporting obligations under EU regulations such as the Corporate Sustainability Reporting Directive (CSRD), as well as existing and upcoming global standards rolled out by the US Securities and Exchange Commission and the International Sustainability Standards Board. “We are thrilled to be collaborating with SAP to reduce the complexity and burden of complying with emerging regulations,” said Ray Grove, Head of Corporate Tax and Trade at Thomson Reuters. “This integration represents a significant step forward in simplifying ESG reporting for global organisations, particularly in light of the upcoming CSRD requirements and other global ESG reporting requirements. Together, we are committed to helping businesses navigate the evolving regulatory landscape and achieving their sustainability goals.” Previous collaborations included the integration of Thomson Reuters ONESOURCE Sales & Use Tax Compliance with SAP Document and Reporting Compliance, supporting customers in automating US tax reporting, as well as the certification of various ONESOURCE solutions as SAP-endorsed apps.
