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Climate Love
Climate Review Score ranking:
Salesforce
49 w
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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. 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/
Salesforce
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Environmental, social, and governance (ESG) regulations are rapidly gaining momentum around the world. Regardless of what sector or industry you work in, effective ESG reporting is becoming a critical element of an organization’s core business activities. Companies that are proactive in ESG reporting can seize the moment and get ahead now. What exactly is ESG? ESG is a self-regulating model that helps an organization be accountable to both itself and its key stakeholders, including investors, customers, and employees. The three components of ESG represent the risks and opportunities that impact a company’s ability to create long-term enterprise value. - Environmental – encompasses such issues as climate change and greenhouse gas emissions, biodiversity loss, natural resource scarcity, water management, waste management, and energy usage. - Social – pertains to diversity, equity, inclusion, human rights, labor practices, supply chain management, political movements, culture, safety, training, product safety, and data security. - Governance – refers to how companies conduct their business, staff and govern their boards, compensate executive management, hold executives accountable, deploy and enforce policies, and publicly disclose relevant company data. https://www.salesforce.com/blog/sustainability-reporting/ As ESG regulations and disclosure rules increase globally, companies have a unique opportunity to do good for society and the environment, while also positioning themselves for long-term success. In fact, according to PwC’s 2021 Global Investors Survey, 79% of investors consider ESG risks and opportunities an important factor in investment decision-making. As disclosed in the same report, only one-third of investors believe that the quality of current ESG reporting, on average, is good. So, where do we go from here? Navigating the complexities of ESG can be challenging. Here are some guiding principles as you work to build a successful ESG strategy at your company. 1. Understand where you’re starting The first step is to identify which topics are most important to your company and assess what data your organization is already tracking. Companies should ensure they’re aligned with three types of ESG metrics: - Universal metrics — all companies, no matter their size or country of origin, should be measuring and reporting on topics such as governance, climate, and diversity. - Industry-specific metrics — data privacy, water use, and fair labor, among others. - Company-specific metrics — the topics most material to your specific business. 2. Set targets and make a plan Publishing a comprehensive ESG report isn’t something that can be achieved without invested time. You can break down what you believe by being consistent, starting small, setting targets, and listening to your stakeholders. Transparency gains trust. 3. Leverage Technology The effective use of technology can help you manage ESG data in real time, streamline the reporting process, and increase efficiency. Improving your technology allows you to expand your capabilities and align to global standards. https://www.salesforce.com/blog/technology-can-solve-climate-crisis/ Businesses need to read the room ESG is rapidly becoming a priority for both investors and consumers, making now the perfect time for businesses to act. By prioritizing ESG compliance, companies can meet the expectations of their stakeholders, gain a competitive advantage, and make a positive impact that will last for generations to come. https://www.salesforce.com/resources/sustainability/tools-for-sustainable-future/?d=cta-header-1
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56 w
Intriguing indeed
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60 w
I love how this article focuses on how sharpening up on ESG is actually a great business opportunity.
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60 w
Very interesting, all companies have to get onboard or they will be left on the side of the road!
Salesforce
67 w
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Today, Salesforce has net zero residual emissions. When we made sustainability one of our core values, we made a commitment to accelerate the world’s journey to net zero. We’re on a mission to drive urgent action, and we hope you join us. The world is in a climate crisis. The consequences of global temperatures rising more than 1.5°C are extreme and far-reaching for nature, humans, businesses, and our collective future. Scientists agree that globally we must reduce emissions by 50% by 2030 and achieve net zero emissions by mid-century. That’s why Salesforce is committed to doing all we can to limit global warming to 1.5°C. We’re bringing the full power of Salesforce to create a sustainable future by accelerating the world's largest businesses to net zero, sequestering 100 gigatons of carbon through conserving, restoring, and growing 1 trillion trees, protecting our oceans, and energizing the ecopreneur revolution. Salesforce has net zero residual emissions today. We are moving towards a 1.5°C future by focusing on six sustainability priorities: emissions reduction, carbon removal, trillion trees & ecosystem restoration, education & mobilization, innovation, and regulation & policy. You can read more about each of these sustainability priorities in our Climate Action Plan, and you can also check out our Stakeholder Impact Report to stay informed and track our progress. We are continuously advancing our sustainability program, integrating climate action into the core of our business to ultimately deliver on this shared, planetary goal of a more sustainable and equitable future. Core to our climate action journey is the continued reduction of our absolute emissions in a way that achieves a just and equitable transition to net zero, in line with a 1.5°C future. Achieving the shared goal of global net zero will take all of us working together. That’s why, throughout our continuing journey, we are always keen to share what we’ve learned with the world. We are using the full power of Salesforce to create tools that will help others achieve net zero faster. We use Net Zero Cloud to track emissions reductions and set goals across our scope 1, 2, and 3 emissions. Not only do we use Net Zero Cloud ourselves, but we empower our customers to use it as a complete sustainability management solution to get an actionable view of their carbon emissions data. Net Zero Cloud enables organizations to quickly track, analyze, and report on their environmental footprint with reliable, investor-grade data. This data quality is essential for third-party audits, financial filings, corporate reputation, and building trust with all stakeholders. Accurately calculating greenhouse gas emissions is critically important, because on a global scale our first step toward a net zero future must be to greatly reduce emissions. We need to cut emissions in half by 2030 and to near zero by 2050. However, reducing emissions will take time, and doing that alone may not be enough. Organizations should use all the tools they have to work toward the global goal of net zero. One step organizations can take is to purchase carbon credits to help compensate for the emissions they haven’t yet reduced, while helping to scale climate solutions beyond their value chain. Carbon credits can play an important role in our collective journey to a more sustainable and nature-positive future. So, just like we’ve done with Net Zero Cloud, we’re leveraging our own technology to deliver Net Zero Marketplace. Powered by Salesforce, Net Zero Marketplace is a climate action hub for everyone, and a site where organizations can explore innovative carbon projects and connect with ecopreneurs, and see detailed info, third-party ratings, and transparent pricing for most carbon credit projects to find those best aligned with their needs. Tools like Net Zero Cloud and Net Zero Marketplace enable everyone who wants to take climate action — including those in small- and medium-sized enterprises — to accelerate their own journeys to net zero. Businesses can also go beyond environmental data with the Salesforce ecosystem, harnessing the power of Salesforce to automate and streamline ESG reporting, reducing costs and expanding reporting capability across ESG initiatives. We are excited to join We Don’t Have Time and tell the community more about what Salesforce is doing to make the world more sustainable and equitable. When we made sustainability one of our core values, we made a commitment to accelerate the world’s journey to net zero. We’re on a mission to drive urgent action, and we hope you’ll join us. What should we focus on next? Do you have questions? Interact with us in the comments and let us know! Follow us on We Don’t Have Time, Twitter, and LinkedIn to stay updated on our continuous net zero journey. https://www.youtube.com/watch?v=ZnP3PwIBnsI ABOUT SALESFORCE’S CLIMATE ACTION - Salesforce achieved net zero residual emissions by compensating for emissions we cannot yet reduce across our value chain, and we work to actively “bend the curve” through emissions reductions in categories like work from anywhere, infrastructure, business travel and supplier enablement. - We have funded the planting of 30 million trees on the way to our goal of 100 million trees planted by 2030, and we’ve donated $1 million to American Forests and One Tree Planted. Salesforce is a proud founding partner of 1t.org, whose mission is to conserve, restore, and grow 1 trillion trees by 2030. - We are prioritizing reducing emissions as quickly as possible and aligning our full value chain emissions (scope 1, 2, and 3) to the global trajectory of ~50% emissions reductions by 2030, and near-zero emissions by 2040. Using Net Zero Cloud, we identify the most impactful opportunities for us to reduce our carbon footprint. - We are publicly committing to the shared, global goal of achieving a just and equitable transition to net zero, in line with a 1.5°C future. Do you want to learn more about Salesforce’s work in sustainability? Check out our Climate Action Plan, FY22 Stakeholder Impact Report, and net zero solutions.
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56 w
When we come together we can do big things
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67 w
Great to see Salesforce on We Don't Have Time! Uplifting businesses with the proper tools to take climate action is an excellent climate solution.
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67 w
Great, welcome and I can see amazing plans for the planet
Kathy Wei
90 w
At a time where we are being pummelled by heatwaves, floods, wildfires, and so much more, fighting the climate crisis seems more pressing than ever. The recently proposed $369 billion climate bill that is soon to be voted on by Congress is a step forward in U.S. policy to curb our CO2 emissions in hopes of meeting the Paris Agreement and propelling us forward into a clean energy transition. Despite the importance of this act, many "pro-climate" companies have yet to publicly endorse it or properly educate their wide media base of its capabilities. While powerful trade associations have all declared opposition to this climate legislation in hopes of halting progress, companies like Google, Amazon, and Apple have all stayed silent. A study from Harvard Business Review reports that "companies seem to be more comfortable taking public stands on issues like race, immigration, gun violence, and transgender rights before speaking strongly on the environment." What these companies fail to realize is that the famously-adhered-to term of "business as usual" can no longer apply so as long as our environment continues to be destroyed. Especially with a bill as important as the one being voted on next week, companies are given the opportunity to speak out, to take a real and public stand for aggressive global action on climate change. (https://tinyurl.com/48bv6ubh) So far, a website tracking which companies have spoken up called https://gotimeforclimate.com/ has identified Salesforce and Constellation as only 2 out of the 21 top “pro-climate” companies who have publicly endorsed this legislation. They truly deserve climate love for their actions, hopefully setting an example for the remaining organizations to become more vocal and back their boasted "climate-friendly" status.
117 more agrees trigger social media ads
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56 w
Setting up the pace for others, awesome!
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67 w
So nice of Salesforce, other organizations should do the same
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67 w
A great example for others to follow!
Pioneer Public Affairs
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A growing number of companies — large and small — are acting to counter the effects of climate change, whether it's setting carbon emissions reductions, procuring renewable energy, embracing circular design and production, conserving water or other measures that fall under the corporate "sustainability" label. Far fewer actually have embedded that ethos into their corporate core values — I've been peeking — but enterprise software company Salesforce is taking that step with the start of its new fiscal year Feb. 1. This morning, the company disclosed it has officially added "sustainability" to its list of core values, bringing the total to five — along with trust, customer success, innovation and equality. The move was hinted at with the disclosure last week that Salesforce leaders at the executive vice president level or higher will have part of their variable compensation tied to certain ESG initiatives, including one that focuses on reducing air travel and increasing procurement with suppliers that have set carbon reduction goals, and another that underscores measures to increase the representation of Black, Latinx and Indigenous employees in the U.S., and female workers globally. Full Story: https://www.greenbiz.com/article/salesforce-making-sustainability-core-value
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56 w
Great endeavour!
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114 w
Fabulous!
Simon Bergbom
135 w
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Salesforce is breaking with corporate lobbying groups to support the Build Back Better Act, showing that some companies are still "all in" on climate action. Salesforce today announced its support of the climate investments outlined in the proposed reconciliation package, recognizing the critical returns they will deliver for the economy, the climate, and global communities. Salesforce believes that the United States must take action to avoid the most devastating impacts of the climate crisis. The IPCC’s recently released climate report states that the world is “code red for humanity.” This urgent call for action means that the United States must reduce emissions now to avoid the most devastating impacts of the climate emergency. Read more: https://www.salesforce.com/news/stories/salesforce-supports-climate-investments-outlined-in-u-s-budget-reconciliation-package/?bc=OTH&&__twitter_impression=true
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56 w
A bold action that should be emulated by others
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135 w
All in.. means alot.. wish all companies can take that concept!
Douglas Marett
147 w
9 of 10 consumers and business buyers expect a company to clearly state and demonstrate the company's values 🎯♻ According to Salesforce in the ‘State of the Connected Customer’ report, which also makes clear that 6 of 10 consumers stop buying from a company whose values do not align with their own. 💔🛑 We also know that Climate Change is in the top three environmental values of consumers! This value-based 💚 sentiment is reflective in recent cases of conscious consumers, even with progressive companies such as BrewDog and Oatly who historically focus on sustainable actions have had trouble with governance and social aspects, as well as controversial shareholder decisions driving change (for the climate) at Shell and TotalEnergies. Check out Salesforce's great report: https://www.salesforce.com/content/dam/web/en_us/www/documents/research/salesforce-state-of-the-connected-customer-4th-ed.pdf
56 more agrees trigger social media ads
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67 w
Very good insight on matters market/target population.
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147 w
It can be a great mode of transparency.
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Great to hear
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47 w
Great
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49 w
Good news
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49 w
great information