{"id":11202,"date":"2024-10-22T10:16:30","date_gmt":"2024-10-21T23:16:30","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=11202"},"modified":"2024-10-22T13:20:01","modified_gmt":"2024-10-22T02:20:01","slug":"salesforce-australia-climate-disclosure-legislation","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/au\/news\/stories\/salesforce-australia-climate-disclosure-legislation\/","title":{"rendered":"Salesforce Hails Important Step Forward in Creating a More Sustainable and Transparent Economy"},"content":{"rendered":"\n<p>Salesforce welcomes Australia\u2019s new mandatory climate-related financial disclosures legislation set to take effect in 2025.<\/p>\n\n\n\n<p>This legislation mandates companies to report their climate risk exposures, the financial impacts of climate change on their operations, and the steps they are taking to mitigate those risks. This landmark move further pushes climate considerations into the boardroom and onto balance sheets.<\/p>\n\n\n\n<p>The challenge of accurately assessing, reporting, and acting on climate risks is complex. However, it&#8217;s essential for long-term resilience and companies that adopt a proactive approach to climate risk management will not only meet regulatory requirements, but also gain a competitive edge. They will be better equipped to navigate the physical and transitional risks posed by climate change, while also appealing to investors and consumers who increasingly value sustainability.<\/p>\n\n\n\n<p>Salesforce has been voluntarily reporting climate information, including climate data, since 2011. We have achieved<strong> <\/strong><a href=\"https:\/\/www.salesforce.com\/company\/sustainability\/faq\/\">net zero residual emissions<\/a> across scope 1, 2, and 3 emissions, and reached <a href=\"https:\/\/public.tableau.com\/app\/profile\/rachel8846\/viz\/SustainabilityWorkbook09_13_21updates\/Dashboard1#1\">100% renewable energy<\/a> by using renewable energy or renewable energy certificates that are equivalent to the global annual electricity use. We prioritise emissions reductions and compensate remaining emissions with <a href=\"https:\/\/www.salesforce.com\/content\/dam\/web\/en_us\/www\/assets\/pdf\/reports\/carbon-markets.pdf?d=cta-body-promo-1\/?nature-crisis\/?d=cta-body-promo-8\">carbon credits<\/a>, primarily from nature-based solutions and technology. You can review our full disclosures on our <a href=\"https:\/\/investor.salesforce.com\/environmental-and-social-practices\/default.aspx\">investor website<\/a> and in <a href=\"https:\/\/www.salesforce.com\/company\/esg-and-impact\/\">our annual ESG report<\/a>.<\/p>\n\n\n<div class=\"wp-block-image__wrapper\">\n<figure class=\"wp-block-image size-large\"><a href=\"#\" class=\"wp-block-image__modal-toggle\" aria-expanded=\"false\" data-modal-id=\"11209-modal\"><span class=\"screen-reader-text\">Open Image Modal<\/span><img loading=\"lazy\" decoding=\"async\" height=\"1024\" width=\"768\" src=\"https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=768\" alt=\"Salesforce sustainability gathering group photo at Agentforce Sydney event. \" class=\"wp-image-11209\" srcset=\"https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg 3024w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=225&amp;h=300 225w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=768&amp;h=1024 768w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=1152&amp;h=1536 1152w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=1536&amp;h=2048 1536w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=198&amp;h=264 198w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=274&amp;h=365 274w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=678&amp;h=904 678w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=113&amp;h=150 113w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=145&amp;h=193 145w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=1218&amp;h=1624 1218w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/a><figcaption class=\"wp-element-caption\">Salesforce sustainability advocates engaging with customers at the <a href=\"https:\/\/www.salesforce.com\/au\/news\/stories\/agentforce-sydney-autonomous-ai-agents\/\">recent Agentforce Sydney event<\/a> about how technology can accelerate their climate goals.<\/figcaption><\/figure>\n<div id=\"11209-modal\" class=\"image-modal\" aria-hidden=\"true\" aria-labelledby=\"image-dialog-title\"><div class=\"image-modal__overlay\" tabindex=\"-1\" data-a11y-dialog-hide><\/div><div class=\"image-modal__content\" role=\"dialog\"><button class=\"image-modal__close-button\" type=\"button\" data-a11y-dialog-hide aria-label=\"Close this image dialog window\"><svg viewBox=\"0 0 26 25\" height=\"16\" width=\"16\" fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><rect x=\".626\" y=\"22.753\" width=\"32\" height=\"3\" rx=\"1.5\" transform=\"rotate(-45 .626 22.753)\"\/><rect x=\"2.747\" y=\".125\" width=\"32\" height=\"3\" rx=\"1.5\" transform=\"rotate(45 2.747 .125)\"\/><\/svg><\/button><h1 id=\"image-dialog-title\" class=\"screen-reader-text\">Image Modal<\/h1>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"3024\" height=\"4032\" src=\"https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=768\" alt=\"Salesforce sustainability gathering group photo at Agentforce Sydney event. \" class=\"wp-image-11209\" srcset=\"https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg 3024w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=225&amp;h=300 225w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=768&amp;h=1024 768w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=1152&amp;h=1536 1152w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=1536&amp;h=2048 1536w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=198&amp;h=264 198w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=274&amp;h=365 274w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=678&amp;h=904 678w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=113&amp;h=150 113w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=145&amp;h=193 145w, https:\/\/www.salesforce.com\/au\/news\/wp-content\/uploads\/sites\/19\/2024\/10\/IMG_4247.jpeg?w=1218&amp;h=1624 1218w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \/><figcaption class=\"wp-element-caption\">Salesforce sustainability advocates engaging with customers at the <a href=\"https:\/\/www.salesforce.com\/au\/news\/stories\/agentforce-sydney-autonomous-ai-agents\/\">recent Agentforce Sydney event<\/a> about how technology can accelerate their climate goals.<\/figcaption><\/figure>\n<\/div><\/div><\/div>\n\n\n<p>In 2018, we recognised our existing systems couldn\u2019t do what we needed to accurately report our own climate data. So we started building our own technology to accelerate our climate action strategy. Today, Net Zero Cloud is a comprehensive platform available to our entire customer community, one that offers a full environmental accounting platform managing water, waste and scope 1, 2 and 3 carbon emissions.<\/p>\n\n\n\n<p>With the rise of generative AI, we are actively working to integrate sustainability, one of our key principles for <a href=\"https:\/\/www.salesforce.com\/news\/stories\/generative-ai-guidelines\/\">responsible AI development<\/a>, into our Salesforce platform. While this technology can be a force for positive climate action, we\u2019re mindful of the large amounts of energy, water, and resources that fuel AI advancements. In response, our Sustainability and AI Research teams developed a <a href=\"https:\/\/engineering.salesforce.com\/unveiling-salesforces-blueprint-for-sustainable-ai-where-responsibility-meets-innovation\/\">sustainable AI strategy<\/a> and we\u2019ve worked closely with lawmakers to advance <a href=\"https:\/\/www.salesforce.com\/content\/dam\/web\/en_us\/www\/documents\/company\/sustainability\/salesforce-sustainable-ai-policy-principles.pdf\">Sustainable AI Policies<\/a>.<\/p>\n\n\n\n<p>Clearly, technology can support implementation and overcome challenges associated with data availability, fragmentation, accuracy and consistency. Embracing AI technologies offers a robust solution by streamlining data collection and analysis, identifying patterns and trends and enabling predictive analytics. By harnessing the power of AI, <a href=\"https:\/\/www.salesforce.com\/au\/news\/stories\/net-zero-australia\/\">and putting a priority on good data<\/a>, organisations can have confidence in investor-grade compliance reports and focus more time on actioning insights to meet sustainable business outcomes.<\/p>\n\n\n\n<p>We look forward to being a trusted partner for local organisations as they plan for a more resilient, climate-focussed future.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Salesforce welcomes Australia\u2019s new mandatory climate-related financial disclosures legislation set to take effect in 2025. This legislation mandates companies to report their climate risk exposures, the financial impacts of climate change on their operations, and the steps they are taking to mitigate those risks. This landmark move further pushes climate considerations into the boardroom and [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":10372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sf_subhead":"","sf_i18n_disclaimer":false,"_jetpack_memberships_contains_paid_content":false,"alternateThumbnailId":0,"sf_product_cta_id":0,"footnotes":""},"categories":[],"tags":[],"sf_content_type":[1138],"sf_theme":[1156],"sf_topic":[1157],"sf_product":[1151],"sf_industry":[],"sf_role":[],"sf_multimedia_asset":[],"sf_location":[1515],"sf_collection":[],"sf_visibility":[],"coauthors":[],"class_list":["post-11202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","sf_content_type-news-announcements-corporate","sf_theme-business-as-a-platform-for-change","sf_topic-sustainability","sf_product-net-zero-cloud","sf_location-anz"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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