Article
Salesforce
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The Business Case for ESG & Sustainability
ESG reporting is coming, but it shouldn't be the reason behind your strategy.
ESG, which stands for environmental, social, and governance, isn't just a trendy acronym. It's a means to navigate external forces, mitigate risks, capitalize on opportunities and provide clear transparency to your stakeholders on the value to your business and to the environment and society.
Today, many organizations understand why sustainable transformation is important for our planet, but they often don’t recognize the business benefits, which include cost savings, employee engagement, risk mitigation, and improved brand perception.
In this new report, Salesforce breaks down seven ways an effective ESG & sustainability strategy delivers measurable business value for your organization. The report also addresses how you can harness this potential to create your own ESG strategy that drives success for your business now.
https://www.salesforce.com/resources/customer-stories/the-business-case-for-esg-strategy-article/
To highlight the advantages of businesses taking early action to develop their ESG strategy and reporting, let’s consider a few figures illustrating the significant benefits of being proactive and the considerable costs of waiting for ESG requirements.
- On average, the potential business value of climate-related opportunities ($2.1 trillion) is seven times the cost of realizing them ($311 billion).
- According to McKinsey & Company research, 70% of consumers across various industries, such as automotive, building, electronics, and packaging, would be willing to pay an additional 5% for a green product if it performs the same as a non-green alternative.
- The largest 215 companies alone report over $1 trillion in climate-related risks.
- Brands that scored highest on sustainability generated five times the revenue growth of companies scoring lowest, according to a Bain & Company survey of more than 8,000 European consumers and over 60 brands across eight consumer goods categories.
By embedding sustainability as a core value of your business, you benefit all stakeholders: shareholders, customers, employees, partners, our communities, and our planet. Whether you're part of a small business or a multinational corporation, sustainable transformation can both drive value and reduce costs for your organization.
Executing an ESG strategy and accurately reporting ESG metrics while simultaneously cutting costs and improving business efficiency can be difficult. But with the right tools, your business can manage ESG data in real time, streamline the reporting process, and become more efficient as a result.
See environmental, social, and governance data in one place, and easily integrate data from disparate systems all in real time through Salesforce’s Automate ESG Reporting.
Companies don’t need to wait for disclosure regulations in order to take climate action. Businesses that embrace ESG strategies and transparent disclosure can transform sustainability challenges into opportunities, driving positive change, and creating value for all stakeholders.
The business case for ESG is crystal clear: Do good for the world and your bottom line.
https://www.salesforce.com/products/net-zero/esg-reporting/
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Great
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Great news
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ESG is more than a buzzword! Very true, we need all businesses to take it seriously
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Good news
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this is amazing information
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great information
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It's awesome to read that Salesforce empowers businesses to automate their ESG reporting and gives them the tools for climate action!