SAP and Sustainability
A new era
Business leaders have become acutely aware of carbon emissions and climate change, massive waste problems, and the inequalities in workforces and communities. To address the very real risks such sustainability challenges pose, companies need solutions that offer data transparency and visibility into the impact of their operations and supply chains to take informed, more sustainable decisions. Business leaders need tools that enable them to quantify, analyze, and act on real-time data through their end-to-end operations to establish a “green line” through the entire business.
SAP wants to help achieve these aims by embedding a holistic management framework into the core enterprise applications and developing specific sustainability solutions - First drop is SAP Sustainability Control Tower.
SAP Sustainability Control Tower
SAP Sustainability Control Tower helps companies to collect real-time data, organize it, and then report it using transparent, standardized metrics. The solution enables companies to obtain automated, timely, and auditable data on KPIs such as greenhouse gas emissions, socially responsible investing, and impact investing. And for those who want to go deeper, it also allows them to drill down into strategic areas within the company, as well as specific geographies and across business networks. Offering the granularity needed to make informed decisions that place financial and non-financial considerations on equal footing.
Sustainability Control Tower helps companies to consider sustainability from the design stages of a product, solutions that measure carbon emissions across their networks, as well as offering end-to-end transparency of environmental, social, and governance (ESG) reporting.
Standardization of ESG reporting
There has been a call from global organizations, such as the World Economic Forum and United Nations Global Compact, to standardize how companies should report their results and environmental commitments, as well as how they contribute to social equality and economic growth. In this process, many companies reevaluate their reporting models and move from traditional financial reporting, focused on revenue and profits, to a model that links financial and non-financial metrics into one holistic reporting framework.
As SAP partner Framework Digital is ramping up on both ESG standards and design/implementation of all new SAP sustainability solutions.