Salesforce has announced a series of new features for its Net Zero Cloud sustainability management solution, aimed to help streamline the ESG reporting process.
The update is set to add capabilities that will support companies who are required to meet upcoming European sustainability disclosure requirements.
The platform’s new capabilities come as companies globally are coming under increasing pressure to meet climate and ESG regulatory requirements, including the EU’s upcoming Corporate Sustainable Reporting Directive (CSRD).
Ari Alexander, VP and GM of Net Zero Cloud, Salesforce, said: “Meaningful corporate transparency benefits us all, yet businesses can find themselves lost in the complex landscape of regulatory frameworks.
“Equipped with Einstein, Net Zero Cloud will help simplify the process of reporting ESG data, offering a valuable solution that any company can leverage toward achieving net zero.”
Salesforce launched Net Zero Cloud in 2019, as they looked to provide users with a holistic view of their environmental impact. The platform offered companies the ability to track, analyse and report reliable environmental data.
The incoming CSRD is set to significantly expand the number of companies required to provide sustainability disclosures to over 50,000 from around 12,000 currently – including large non-EU companies – and introduce more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk.
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
