Salesforce: Call for Mandatory Climate Disclosures

Quick Take: Today, Salesforce released its annual Stakeholder Impact Report, which showcases our continued commitment to environmental, social and governance (ESG) transparency to keep the company’s stakeholders informed and track progress over time. 

We are in a climate emergency, and the world needs bold action today in order to limit global temperature rise to 1.5°C, in line with the Paris Agreement.

Salesforce supports the SEC’s recent move to evaluate its climate disclosure rules with the goal of facilitating consistent, comparable, and reliable information on climate change. To this end, Salesforce believes that companies should be required to publicly disclose independent third-party-reviewed emissions information, covering Scopes 1, 2 and 3 as well as emission reduction goals. 

At Salesforce, the planet is one of our key stakeholders. We recognize that climate risk is systemic and non-diversifiable. In order for employees, communities, investors, customers, suppliers and all of a business’ stakeholders to take informed action surrounding these risks and opportunities, there must be consistent, comparable, and reliable information on climate change.  

We have been voluntarily reporting our emissions data since 2012 through our Stakeholder Impact Report, which includes our broader environmental, social and governance (ESG) data as well. We have achieved net-zero operations greenhouse gas emissions and will reach our 100% renewable energy goal this year. All our products are carbon-neutral, and we have a 1.5°C science-based target.

In June 2017, we committed to support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and have since worked to align to its recommendations. 

In order to make meaningful impact on our world, corporations must transparently manage and disclose ESG efforts, and there must be a globally recognized and formally governed reporting standard. This is especially critical for climate-related metrics during this Decade of Action.