SAP Partnerships Accelerate Sustainable Business
Business leaders know they need to take action to run more sustainably, but many aim only for regulatory compliance and avoid the steps to deeper business transformation. Businesses say inadequate technologies explain their lack of progress in their environmental, social, and governance (ESG) strategies. What they need today is increased data transparency and collaboration to scale positive impact.
An SAP Insights study showed that nearly 70% of CEOs find it challenging to measure ESG data across their value chains. This measurement is difficult because data is often managed manually or separately from enterprise planning and management software. Many businesses rely on estimated data, preventing holistic strategic planning and operational decision-making. With this lack of data transparency, it is no surprise that companies are struggling to embed sustainability into their operations.
SAP and its partner ecosystem also know businesses demand fast, reliable, and compliant regulatory reporting. As a pioneer in implementing integrated sustainability and ESG practices in our own business, SAP has developed innovative solutions and established a wide range of partnerships to help customers build trust and transparency in their ESG reporting.
Responding to Urgent Customer Needs
Earlier this year, SAP introduced SAP Sustainability Control Tower, an enterprise-wide ESG data management solution that allows companies to record, report, and act on their ESG data. In a market update available now, the solution offers flexibility and scalability so that a business can easily connect finance, emissions, production, supply chain, human resources (HR), and other data sources to sustainability metrics.
Accurate live data allows companies to move from averages to actuals to report their performance, complying confidently with reporting frameworks and standards. With accurate, transparent, and advanced analytics reporting, companies can identify areas for action, simulate scenarios, and hit their sustainability goals in order to minimize waste, reduce carbon emissions, and improve sustainable supply chain performance.
With urgency and data quality in mind, SAP Sustainability Control Tower offers ready integration with cloud enterprise resource planning (ERP) software from SAP, SAP S/4HANA Cloud, to provide a holistic steering and reporting solution. This scalable, integrated data management and reporting platform, combined with partner services for customer-specific data requirements, offers a new level of business insight for executive-level decision-making to help businesses reach their sustainability goals.
Working Together for Sustainable Business
At SAP, we believe collaboration is essential for sustainable business success, which is why we have built an ecosystem of strategic consulting partners and advisory firms to provide their expertise, methodologies, and reporting frameworks to help our customers achieve holistic sustainability transformation.
Sustainability is a core shared goal for SAP and our partner ecosystem. Key dimensions of corporate ESG management — including holistic steering and reporting, carbon accounting, waste management and design for circular economy processes, and responsible and inclusive value chain management — are integral elements of our sustainable business vision.
Our strategic partners offer sustainability consulting, and their analytics and data management teams have the expertise and experience to connect and integrate data sources and metrics. This gives customers a comprehensive view to help them transition from strategy to action in setting and managing sustainability initiatives, internal data management, and external disclosures to various frameworks and regulations.
Additionally, by leveraging SAP Business Technology Platform (SAP BTP), our more than 23,000 partners can develop a wide range of complementary solutions for SAP Cloud for Sustainable Enterprises, addressing specific innovation opportunities like industry cloud, content partnerships, or pre-configured packages for regulatory and reporting requirements.
Our deep understanding of global business data and processes, along with our constant drive to deliver customer value combined with an unmatched global partner ecosystem, gives us the unique leverage to make a positive impact at scale. Read on for comments from leaders of some of our global strategic partners and how they work with SAP to deliver positive sustainability impact for our mutual customers.
For more information on how SAP helps companies record, report, and act on their sustainability goals, visit www.sap.com/sustainability.