Salesforce Introduces an ESG Data Management and Reporting System

Salesforce, a provider of CRM solutions, has announced the launch of Automate ESG Reporting, a new ESG data management and reporting solution designed to meet the rising demand for ESG transparency and to expand Salesforce's climate-focused solution to include social and governance data capabilities.

According to Salesforce, the new solution enables users to integrate ESG data from disparate systems, allowing them to view environmental, social, and governance data in a single location, and simplifies and automates the reporting process so that framework-specific reports can be generated with ease.

Net Zero Cloud, Salesforce's greenhouse gas emissions data tracking, analysis, and reporting solution, was initially launched in 2019 (as "Sustainability Cloud") to provide users with a 360-degree view of their environmental impact and the ability to track, analyze, and report accurate environmental data. The business unveiled Net Zero Cloud 2.0 earlier this year, which merged technologies from across Salesforce's portfolio to incorporate supplier collaboration technology from Slack and CRM dashboards from Salesforce company Tableau to deliver sustainability information.

With the launch of Automate ESG Reporting, Salesforce is adding social and governance data management capabilities to Net Zero Cloud, with new features including a new Diversity, Equity, and Inclusion (DEI) dashboard capable of displaying employee demographics from a company's HR system, a new multi-org carbon accounting capability that pulls carbon emissions data from an organization's subsidiaries into a single instance of the platform, and a new Compliance & Diligence (C&D) dashboard.

The new solution combines capabilities from across the Salesforce product line, such as data visualization tools from Tableau, data integration from MuleSoft, multi-org data sharing from Experience Cloud, and talent engagement from Trailhead.

Ari Alexander, Salesforce's general manager of Net Zero Cloud, stated:

"As investors and key stakeholders demand greater ESG accountability, organisations require solutions to track target progress and report their effect in a timely way. Automate ESG Reporting leverages the strength of Salesforce's products with our thriving ecosystem of partners to make ESG reporting simpler, quicker, and more reliable."

Following a 20-year investment management and research career, Mark created ESG Today. Prior to establishing ESG Today, Mark served as the head of U.S. equities at Delaney Capital Management (DCM) in Toronto, Canada.

Mark was a member of DCM's ESG team, which was responsible for researching and tracking the sustainability variables affecting portfolio firms and determining the eligibility of companies for inclusion in the portfolio. Mark spent a number of years in the sell-side research industry, covering the technology and services industries. Mark is a CFA charter holder with an MBA from Columbia University in New York and a BBA from the Schulich School of Business at York University in Toronto.