Professional services and information solutions provider Wolters Kluwer announced today the launch of two new ESG data solutions, CCH Tagetik ESG & Sustainability for CBAM aimed at simplify compliance with the EU’s Carbon Border Adjustment Mechanism regulation, and CCH Tagetik ESG & Sustainability for Planning & Analytics, designed to support the alignment of ESG initiatives with financial performance and to integrate sustainability into decision-making.
CBAM is the EU’s carbon tax on imported goods, established to avoid “carbon leakage,” a situation in which companies move production of emissions intensive goods to countries with less stringent environmental and climate policies. The regulation comes into force in 2026. The UK has also announced plans to introduce its own CBAM in 2027.
According to Wolters Kluwer, the new CBAM solution is designed to automate emissions reporting to enable accuracy and streamline compliance, and to manage supplier emissions early, plan for import-related carbon costs, and prepare for escalating carbon allowance pricing. Key features of the solution include automatic AI-powered detection of CBAM-relevant goods and associated suppliers, automated emissions calculations aligned with CBAM guidelines, generation of submission-ready reports, and integration with Wolters Kluwer’s carbon emissions data solution, CCH Tagetik Carbon Management.
The new planning and analytics solution connects financial and sustainability data, according to Wolters Kluwer, to support defining and scaling sustainability strategies across assets and value chains. Key features include AI-backed sustainability forecasting and analytics, enabling emissions simulations to uncover risks and identify performance gaps, a financial and sustainability data hub bringing together financial consolidation and planning data with sustainability metrics to manage financial impacts of sustainability initiatives, and governance and collaboration-first planning capabilities.
Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said:
“Companies are seeking transformative technologies to enable them to predict, plan and act on both financial and non-financial data and analytics. Our new solutions demonstrate our commitment to innovating to support finance leaders in managing emerging ESG-focused compliance and data needs to drive long-term resilience and growth. We remain committed to product excellence and anticipating market trends and delivering solutions that meet the evolving needs of CFOs.”
