Salesforce has introduced its new SASB Report Builder. The latest addition to Net Zero Cloud, this new feature empowers organizations to automate the disclosure of environmental, social, and governance (ESG) data in alignment with Sustainability Accounting Standards Board (SASB) Standards, which identify ESG issues most relevant to financial performance and enterprise value.
“Expanding Net Zero Cloud with the SASB Report Builder is a significant next step toward helping organizations automate and streamline their ESG reporting process. Moving forward, we see tremendous potential in the power of generative AI to drive further ESG reporting efficiencies and to add value for our customers — helping them save time and costs while improving the state of the world,” said Ari Alexander, VP and GM, Salesforce Net Zero Cloud.
Significance: This week, the International Sustainability Standards Board published its first two finalized standards for climate-related disclosures, with ISSB Chair Emmanuel Faber stating companies that have already adopted the SASB standards will be in a great place to apply the new ISSB guidelines.
With climate-related disclosure regulations like the European Union’s Corporate Sustainability Reporting Directive (CSRD) and the U.S. Security Exchange Commission climate rule underway, companies are also under increased pressure to report ESG data. Yet many companies view ESG reporting as an operational challenge, citing “inconsistent and unreliable data” and a lack of clear global reporting standards as pain points.
Go deeper: As the latest addition to the Net Zero Cloud Disclosure and Compliance Hub, the SASB Report Builder enables organizations to streamline their ESG data reporting in alignment with SASB’s sector-specific sustainability accounting standards – increasing efficiency and driving value for investors, analysts, and other stakeholders.
- Salesforce’s Automate ESG Reporting, a solution that enables companies to manage ESG data in real time and easily generate framework-specific reports, streamlining the ESG reporting process to save time.
Fast facts:
- More than 600 companies from the S&P Global 1200 Index use the SASB standards in external communications to investors.
- 2022 EY survey, 60% of respondents indicated that their ESG information is found across a patchwork of software applications, while 55% of respondents are housing their ESG data in spreadsheets.
- also reported that within the past 12 months they have spent “substantial time and effort” addressing ESG data collection, aggregation, and disclosure.
Learn more:
- ESG reporting strategy
- research, which reveals 82% of employees want to help their company reach climate goals
Learn more about the Net Zero Cloud Collection on AppExchange
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Tags: Accounting, ESG, Small Business
