Deloitte, in partnership with Salesforce, recently launched a sustainability-management solution focused on improving reports on environmental, social and governance (ESG) targets. The program, dubbed Greenlight Powered by Salesforce (GPBS), has been implemented into the former’s operations in more than 120 countries. It was first announced last year as a collaboration that combined capabilities from data-management products of both companies and elements of code.
The program is seen as an update to the Greenlight solution offered by Deloitte, which affords clients a platform that can stream their ESG reporting process.
Deloitte’s global chief sustainability officer, Kwasi Mitchell, explained that having the right tech solutions to achieve sustainability and net-zero goals is important. This explains why the consulting company designed an efficient and sophisticated sustainability-management solution that could serve its own needs as well as the needs of its clients.
A recent study found that more than 90% of public companies in the United States are prepping for sustainability disclosure requirements, with most executives citing quality of data as a huge issue.
The new solution addresses this challenge directly by improving data integrity and streamlining processes of reporting. GPBS leverages Net Zero Cloud, a sustainability reporting program designed by Salesforce that can consolidate data from different sources into one. This program also has the ability to break down data silos and connect different teams via data.
Thus far, GPBS has yielded significant benefits for Deloitte, with the company managing to successfully automate a number of manual processes and bring much-needed discipline to ESG reporting. This has, in turn, allowed disparate teams such as procurement and social impact to use one tech platform for their reporting needs, which has considerably reduced data fragmentation and complexity.
In addition, the consulting company has designed a process to maintain a trackable and accurate footprint of greenhouse gases in the system. This ensures data produced is reliable and allows for adjustments to be made in the future without compromising the integrity of data sets. It remains to be seen if this new solution will be adopted as an industry standard for reporting on sustainability and ESG.
Given that proper reporting is needed by companies that wish to succeed in the modern world, Salesforce and Deloitte may have hit the jackpot with this one.
Salesforce’s EVP and chief impact officer, Suzanne DiBianca, sees this partnership as a catalyst for good change. In a statement, she explained that the collaboration was a huge step forward to helping companies achieve their sustainability goals.
With the unveiling of this system, enterprises such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) now have an extra option to consider as they take their implementation of ESG to the next level.
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