Net zero cloud and Automate ESG Reporting enables companies to manage ESG data in real time and streamline ESG reporting to save time and costs. The new solution brings together the best of Net Zero Cloud, Tableau, MuleSoft, Customer 360, and AppExchange to efficiently track ESG data in a single place.
A 2022 Gartner report revealed that executing well on ESG can reduce operating costs by up to 60 per cent. At the same time, ESG reporting remains a significant burden for companies. Deloitte underlined the pain point of ‘inconsistent and unreliable data’ and the lack of clear global reporting standards which has resulted in corporate fatigue and frustration.
“As investors and key stakeholders demand more ESG accountability, organizations need solutions to track progress on goals and report their impact in a timely manner,” said Ari Alexander, GM of Net Zero Cloud, Salesforce.
ESG reporting has become a critical element for satisfying the demands of regulators, investors, customers, partners, and other stakeholders who want visibility into how an organization is taking steps to create strong, socially responsible companies. In fact, according to a 2022 study by KPMG, 59 per cent of CEOs are feeling pressure to increase ESG transparency.
Organisations can use Automate ESG Reporting to streamline data integration from various systems, track progress in real time, uncover intelligent insights, and turn those insights into a report that satisfies various standards and requirements.
Centreed around Net Zero Cloud, which already provides environmental data management, this new solution leverages the full power of the Salesforce ecosystem to expand reporting capabilities, and integrate social and governance metrics such as the Global Reporting Initiative.
Automate ESG Reporting includes:
Net Zero Cloud — now with social and governance data capabilities: In addition to environmental management, Net Zero Cloud is expanding its capabilities to include social and governance data management to include:
A new Diversity, Equity, and Inclusion (DEI) dashboard can show employee demographics from a company’s HR system in the platform.*
A new multi-org carbon accounting capability which pulls carbon emissions data from an organization’s subsidiaries into a single instance of the platform.
A new Compliance & Disclosure Hub which will offer a streamlined, automated process for creating reports that align to framework-specific ESG standards.
Salesforce Customer 360 access: Beyond Net Zero Cloud, the ESG solution brings together Tableau for data visualization; MuleSoft for data integration; Experience Cloud for multi-org data sharing; and Trailhead for talent engagement.
The Automate ESG Reporting solution will be generally available globally starting Feb.13, 2023.