#Japan #Tokyo #CCH Tagetik #SSBJ Standards #Walters Kluwer

Walters Kluwer and CCH Tagetik Achieve Compliance with New SSBJ Sustainability Standards

In a significant development for corporate sustainability in Japan, Walters Kluwer has announced that its CCH Tagetik software has achieved complete compliance with the newly established SSBJ (Sustainability Standards Board of Japan) disclosure standards. This move resonates widely as Japan seeks to align its sustainability reporting with international standards set forth by the ISSB (International Sustainability Standards Board).

The SSBJ standards aim to enhance the quality and consistency of sustainability disclosures among Japanese companies, establishing a framework that can hold companies accountable for their commitments to sustainability practices. These new regulations, set to be mandatory for companies with a market capitalization over ¥3 trillion starting with the fiscal year ending in March 2027, signify a pivotal shift in how corporations handle sustainability reporting, gradually expanding the requirement to more businesses over time.

According to Hironori Oguchi, the Pre-sales Director for CCH Tagetik in Japan, the introduction of these disclosure standards represents a transformative change in sustainability management for companies. He emphasizes that the expanded scope and elevated requirements of the standards mean that the entire reporting process is undergoing a fundamental shift, presenting a unique opportunity for businesses to leverage CCH Tagetik’s advanced ESG functionalities.

The urgency for Japanese firms to establish robust systems in response to these new guidelines cannot be overstated. Stakeholder expectations regarding sustainability reports are mounting, and the paradigm is shifting from voluntary disclosures to regulatory compliance. This evolution necessitates a strategic approach to meet the new standards while ensuring transparency and accountability.

CCH Tagetik positions itself as a crucial partner for businesses seeking to navigate this landscape. By redefining ESG information as data that can inform business decisions, CCH Tagetik helps organizations balance compliance and value creation. Their platform facilitates the integration of ESG data into business strategies and investment decisions, effectively enabling organizations to respond proactively to new standards.

The fully SSBJ-compliant CCH Tagetik is more than just an ESG disclosure tool—it’s designed as a comprehensive management platform that unifies financial and non-financial data management, automates KPI calculations, and validates input values to ensure high-quality, audit-ready disclosures.

For companies advancing their initiatives related to SSBJ standards, CCH Tagetik provides a robust platform that supports complex organizational models through integrated workflows and a high-quality data framework, which emphasizes sophisticated sustainability management practices. This approach transforms ESG reporting from a burdensome task into a cornerstone of corporate value creation and sustainable growth.

About Walters Kluwer

Walters Kluwer (EURONEXT: WKL) stands as a global leader providing expert information, software solutions, and services in diverse fields such as healthcare, tax and accounting, governance, risk and compliance, legal and regulatory insights, and corporate performance with a focus on ESG. By combining deep expertise with technology and services, the company empowers clients to make critical daily decisions.

In 2024, Walters Kluwer recorded annual revenues of €5.9 billion, serving customers in over 180 countries and operating in over 40 nations, employing approximately 21,600 people worldwide. Its headquarters is located in Alphen aan den Rijn, the Netherlands.

For more information, please visit the CCH Tagetik website or follow them on LinkedIn.