Market Insight: The ESG Data Vault Inside Workday’s Financial Management And Human Capital Management Solutions

Published 3 February 2023 by Guy Lewis & Kim Knickle &

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Executive Summary

Workday’s human capital management (HCM) and financial management solutions can provide customers engaged in ESG and sustainability performance with data and processes to help implement improvements across their operations. In particular, HCM solutions can support strategies for diversity, equity and inclusion (DEI) in a firm and its value chain. Solutions for spend management and strategic sourcing can help to engage the supply chain, enabling data collection that can reinforce diversity decision-making in operations and pave the way for Scope 3 emissions collection and supplier selection.

Table of contents

Workday Software Solutions Facilitate The Collection Of An ESG Data Treasure Trove
HCM Offers A Wide Range Of Data Capabilities To Drive Performance In Social Impact
Spend Management And Strategic Sourcing Provide An Additional Window Into Supplier Data
Strong Partnerships Speed Up Implementations And Support Industry-Specific Deployment

Organisations mentioned

Accenture, Deloitte, KPMG, Peakon, pulsESG, PwC, Workday

About the authors

Guy Lewis

Guy is an analyst in the ESG and Sustainability Practice. Prior to joining Verdantix, he worked at Bulb helping to optimise member experience as part of their renewable energy offering. He gained knowledge in operations and smart technologies. Guy holds a BA in Geography from the University of Manchester, with a placement year at the University of Queensland.

Kim Knickle

Research Director, ESG & Sustainability

Kim leads the Verdantix ESG & Sustainability practice, addressing business challenges and priorities in ESG and sustainability through technology and services. Her current research agenda focuses on ESG regulatory and market drivers, sustainability reporting, risk management, supply chain sustainability, circular economy, social impact.  Knickle has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering, and product safety testing, beginning her career at Underwriters Laboratories, Inc.  Knickle holds a MBA from Boston University and a BS in electrical engineering from Cornell.

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