Executives Face ESG Implementation Hurdles, Says Report
Salesforce.Com Inc
Salesforce has teamed up with GlobeScan for a new study—Sustainable Value Creation: Closing the Gap Between Stated Commitments and Operational Realities.
The findings showed that 93% of leaders in sustainability, finance, and technology believe sustainability is crucial for their organisations. However, only 37% think it is well-integrated into their day-to-day operations.
The report found that issues like data quality, teamwork, funding, and putting plans into action are holding back sustainability efforts.
Corporate sustainability is closely linked with overall business success. But while most companies promise to be sustainable, many struggle to make it happen in a way that adds real value. Without this, they risk wasting time and money on important projects.
“Leaders are recognising that sustainability can be a driver of long-term business resilience and success, but there is a major gap between ambition and action,” said Suzanne DiBianca, EVP and Chief Impact Officer. “We must integrate sustainability into every aspect of our enterprise, leveraging technology solutions like Net Zero Cloud, to close the gap and accelerate genuine value creation for our customers, stakeholders, and the planet.”
Here are the main problems the study found:
Data Gap: Not enough good-quality data. While most people say good data is crucial, few have access to it. And upcoming rules for reporting sustainability could make things even harder.
Integration Gap: Teamwork is lacking. Finance and technology are important for sustainability, but they do not always work well with the sustainability team.
Capital Gap: Companies say sustainability is important, but they do not always spend enough money on it.
Implementation Gap: Companies know being sustainable is good for their reputation, but they find it hard to actually do things that make a difference. They see more value in things like making their brand look good than in making real changes to how they do business.
Discover an extensive network of ESG providers here
Source: Salesforce
