🌴Sustainability is no longer a “nice to have,” it’s a business imperative. Consumers, investors, and regulators are demanding transparency on environmental and social impact. That’s true around the globe especially in the EU with the Corporate Sustainability Reporting Directive (CSRD) coming into effect
🇪🇺The CSRD is a recent EU regulation that requires companies to report on their sustainability performance using the standardised European Sustainability Reporting Standards (ESRS). Companies already reporting under the previous NFRD would be the first to report, starting in the 2024 financial year (reporting in 2025)
🤷♀️Such reporting allows companies to communicate their ESG efforts and demonstrate their commitment to a sustainable future. But it comes with its own challenges. Comprehensive ESG reporting requires auditability, complex data collection and calculation, and an efficient way to what SAP called “target steering” (setting, managing, and achieving targets). ESRS for example, it has >200 KPIs and >1000 data points with scope 3 data distributed across value chain. This is where sustainability solutions like SAP’s come into play.
🌥 SAP Cloud for Sustainable Enterprise is a suite of software solutions designed to help companies record, report, and act on their environmental impact. It can:
1️⃣Streamline data collection and reporting. Integrate existing data in the ERP system, even a non SAP via API
2️⃣Track progress towards sustainability goals and identify areas for improvement with real-time insights
3️⃣Embed sustainability into business processes
SAP Products Offering
🗼SAP Sustainability Control Tower
Acts as the command center, providing a holistic view of a company’s sustainability performance. Users can monitor and steer ESG targets, and report metrics for the most common standards such as GRI, TCFD, IFRS S2, CSRD, and SEC.
👣SAP Sustainability Footprint Management
A carbon accounting software that calculates carbon footprint on product, corporate, and value chain levels from cradle to gate (cradle to grave in the future release).
🏭SAP S/4HANA Cloud for EHS – EM
A cloud solution to help businesses stay compliant with EHS legal, permit, and policy requirements. Most importantly, to manage the organisation’s impact on the environment: air, water, GHG emission, and waste.
🔂SAP Responsible Design and Production
SAP’s new flagship product to help producers manage their Extended Producer Responsibility (EPR) obligations and plastic taxes, drive the transition to a circular business, and deliver on zero-waste commitments
💱SAP Sustainability Data Exchange
Request and exchange scope 3 emissions data through collaboration across the supply chain
We are building our expertise in these solutions. Are you an organization implementing one of these solutions? Let’s collaborate and drive sustainable change together!
ESG Catalyst 