Putting Sustainability at the Heart of ERP

SAP

June 7, 2024 at 10:30 a.m.·4 min read

Feature by Sophia Mendelsohn

NORTHAMPTON, MA / ACCESSWIRE / June 7, 2024 / SAP

Sustainability has evolved from a boardroom buzzword to a critical driver of business success and strategic differentiation. To thrive, companies are going to need to understand how to operate in a modern, low-carbon, circular economy. SAP solutions will support them by embedding sustainability into every aspect of their operations.

At our customer flagship event, SAP Sapphire, we're discussing how we support customers with their biggest challenges, looking at future trends, and unveiling the latest product innovations.

This makes the event the perfect opportunity to highlight how we are redefining the way companies manage sustainability through our ERP-centric, cloud-based, AI-enabled approach.

ERP-Centric

For true business model transformation, sustainability needs to be at the core of how companies operate. At SAP, we integrate sustainability data into cloud ERP business processes, which helps companies connect financial and non-financial information and thus treat carbon like money. This makes all decisions financially and environmentally sound while enabling customers to record real impacts and report audit-ready environmental, social, and governance (ESG) metrics seamlessly.

Cloud-Based

Instant access to fast-evolving innovations is only possible through the cloud. Our modern cloud-based solutions ensure that businesses can quickly adopt new functionality and stay ahead in a rapidly changing environment.

AI-Enabled

Business AI is revolutionizing the way we approach sustainability. At SAP, AI takes complex sustainability tasks reliant on sustainability data and ERP data and makes them automated and auditable. It enables companies to improve operational efficiency, foster greater transparency around supply chain emissions, design and plan more effectively, and automate time-consuming tasks. SAP Business AI is built on the data and processes that run the business world, including sustainability related information from both inside and outside the company's walls, making our solutions smarter, faster, and more effective.

With SAP Business AI, we support our customers' efforts to optimize for sustainable impact. This year at SAP Sapphire, we are thrilled to announce two new AI-driven sustainability use cases:

Emission Factor Mapping with AI: Available in SAP Sustainability Footprint Management, this feature enhances the accuracy and speed of carbon footprint calculations through automated, intelligent suggestions. By reducing the manual effort involved in mapping emission factors, businesses can achieve more precise measurements and make informed decisions faster.
ESG Report Generation with AI: This capability allows for the automatic generation of ESG reports based on the data within SAP Sustainability Control Tower. This not only streamlines the reporting process but also helps ensure that the data is reliable and actionable, providing a clear picture of a company's sustainability performance.

Our comprehensive approach to carbon management is becoming a reality as we introduce new sustainability tracking, monitoring, and reporting features within the SAP cloud ERP portfolio as well as a new solution that will help customers manage sustainability commitments and comply with global regulations.

Advanced Carbon Calculator Engine: This powerful tool featured in SAP Sustainability Control Tower and SAP Sustainability Footprint Management integrates ERP data from SAP S/4HANA Cloud and other sources and embeds results back into business processes for informed decision-making. As such, it allows customers to meet Greenhouse Gas Protocol reporting standards, offering advanced, granular calculations of both product and corporate carbon footprints.
SAP Green Ledger will be released at the end of 2024. The solution will help customers connect their emissions data and financial data, allowing customers to easily understand the correlation between emissions and finances, model sustainable business scenarios, and then act with decisions that are both financially and environmentally.

At SAP, we believe that the future of business is inextricably linked to sustainability. This is why sustainability is a key pillar of our growth strategy. Businesses must recognize that sustainable practices are not just ethical choices, but strategic financial decisions that drive innovation, reduce costs, and mitigate risks.

Moreover, sustainable transformation opens up significant economic opportunities. By transforming their operations around sustainability, businesses can create a modern, low-carbon, circular economy that benefits both the environment and their bottom line, enhancing overall resilience.

This transformation aligns business success with global sustainability goals, paving the way for a more sustainable, valuable, and prosperous future.

Sophia Mendelsohn is chief sustainability and commercial officer at SAP.

Get the latest news and coverage from SAP Sapphire in 2024

View additional multimedia and more ESG storytelling from SAP on 3blmedia.com.

Contact Info:
Spokesperson: SAP
Website: https://www.3blmedia.com/profiles/sap
Email: info@3blmedia.com

SOURCE: SAP

View the original press release on accesswire.com

CBC
Etobicoke residents plead for help amid rat infestation
A rat infestation is plaguing residents in a south Etobicoke neighbourhood.And they're blaming an impromptu garbage dump set up by residents of a nearby homeless encampment in Mimico's Coronation Park for their new furry neighbours — though a pest control expert and their local councillor say a nearby excavation site is likely contributing to the problem.Regardless, the neighbours are pushing for action from the city that they say is long overdue."There needs to be a massive clean out; there nee
CBC
Ontario Liberal MP's map of Canada forgets P.E.I., Yukon
Yasir Naqvi's map of Canada map depicts a country Canadians are not familiar with — it has eight provinces and two territories. Canada has 10 provinces and three territories.The taxpayer-funded political flyer by the Liberal MP to celebrate Canada Day, which was sent to constituents in his Ottawa Centre riding, includes a photo of Naqvi with his contact information. Its main feature is a blank map of Canada encouraging recipients to "colour the map."However, recipients were met with a few fewer
GOBankingRates
I Retired in My 80s: 7 Expenses I Wish I Had Cut Sooner
Bob N. worked well into his 80s before finally retiring at age 83. While the spunky Denver resident is enjoying his later years, he wishes he had been more diligent about cutting certain expenses...
CNN
Why Mount Rainier is the US volcano keeping scientists up at night
Scientists fear Washington’s Mount Rainier could trigger a swift debris flow caused by melting snow and ice. An event could endanger nearby populated areas.
CNN
Finally, an answer to a mystery surrounding these 1,000-year-old trees
The mighty baobab has grown across mainland Africa, Madagascar and Australia for millions of years. But until now, scientists disputed where they came from.
USA TODAY
Cheetah cub 'adopted' by mother at Cincinnati Zoo, increasing his chances at survival
"It's a good thing that cheetahs can't count!" Cheetah moms don't raise single cubs, so zoos sometimes adopt (sneak) singletons into other litters.
The Weather Network
Remain alert as severe storms target southern Ontario on Sunday
Heavy rain and thunderstorms will continue into Sunday across southern Ontario, raising the threat for flooding, high winds, and possibly a tornado or two
CBC
City opens 4 new sites for non-potable water pickup
City of Calgary officials announced Sunday that four new sites have been opened to provide city residents with non-potable water for use on gardens and indoor and outdoor plants — one location in each quadrant.The new sites are located at Spyhill landfill in the northwest, the Genesis Centre in the northeast, Ambrose University in the southwest and Bishop O'Byrne high school in the southeast.Residents must bring their own containers and are limited to 25 gallons or 100 litres of water per person
The Weather Network
Soaking rains, severe storms target southern Ontario this weekend
The first weekend of summer won't be the most ideal for any outdoor plans in southern Ontario as the region will be contending with rain and the threat of thunderstorms for both days
ABC News Videos
Missing hiker rescued after 10 days
Luke McClish, 34, says he managed to survive in the northern California wilderness drinking a gallon of water every day. ABC News' Danny New explains how rescue crew finally found McClish.
Canadian Press Videos
Nigerian community slowly disappearing under Atlantic Ocean due to coastal erosion
The coastal community of Ayetoro in Nigeria was nicknamed "Happy City" when it was founded decades ago. But the lives of its current residents are far from happy. Their community is slowly being submerged by the Atlantic Ocean, with households displaced and businesses lost to the waves.
The Weather Network - Video
Strong storm setup continues through the overnight in Ontario
A moisture-filled atmosphere unloads on Ontario & Quebec, renewing the risk for severe storms once again. The severity shifts however to Central & Eastern Ontario where the largest threat for flooding will be. Meteorologist Laura Power has the details.
GOBankingRates
I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have
Though your pre-retirement income alone isn't enough to determine if you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you allocate...
Reuters
Exclusive: China's ByteDance working with Broadcom to develop advanced AI chip, sources say
China's ByteDance is working with U.S. chip designer Broadcom on developing an advanced AI processor, two sources familiar with the matter said, a move that would help TikTok's owner secure sufficient supply of high-end chips amid U.S.-Sino tensions. The 5 nanometre chip - a customised product known as an application-specific integrated chip (ASIC) - would be compliant with U.S. export restrictions and manufacturing work would be outsourced to Taiwan's TSMC, the sources added. ByteDance's tie-up with Broadcom, an existing business partner, would help slash procurement costs and ensure a stable supply of higher-end chips, said the sources.
Bloomberg
Lithium’s Ongoing Slump Has Traders Searching for Recovery Signs
(Bloomberg) -- Lithium industry watchers hoping the battery metal was poised to rebound from an epic slump have been hit by the realization prices have fallen again this month, with inventories piling up as electric vehicle demand signals stay gloomy.Most Read from BloombergHow Long Can High Rates Last? Bond Markets Say Maybe ForeverNvidia Sales Grow So Fast That Wall Street Can’t Keep UpJain Raises $5.3 Billion in Biggest Hedge Fund Debut Since 2018Russia Is Storing Up a Crime Wave When Its War
The Weather Network - Video
What to expect as storms flair up Saturday over S. Ontario
Another round of storms will strike southern Ontario on Saturday, but this round may be different. StornHunter Mark Robinson has the details.
GOBankingRates
I’m a Frugal Self-Made Millionaire: Here Are 5 Savings Tricks To Make Sure You’re on Track for Retirement
No one wants to run out of money in retirement. And wealthier retirees can go broke just like everyone else -- if they spend more than they can afford. Also: I'm a Self-Made Millionaire: Here's...
Reuters Videos
Prosecutors seek criminal charge for Boeing: sources
STORY: Boeing may yet face criminal charges. Reuters sources say prosecutors are recommending the move, after finding the plane maker violated a settlement related to two fatal crashes. Boeing had been shielded from criminal charges over the loss of two 737 MAX jets in 2018 and 2019. Under the terms of a deal agreed in 2021, the company avoided prosecution for conspiracy to commit fraud over design flaws with the planes. That was in return for overhauling its compliance procedures and submitting regular reports. It also agreed to pay $2.5 billion to settle an investigation into the crashes. However, the sources say prosecutors have now concluded that Boeing did not honor the terms of the deal. That follows the midair blowout on another MAX jet earlier this year, which revived concerns over the firm’s quality controls. There was no comment on the report from the Justice Department or Boeing, which has previously insisted it met all terms set by the 2021 deal. Appearing before Congress last week, Chief Executive Dave Calhoun insisted the firm was striving to address its problems: "Much has been said about Boeing's culture. We've heard those concerns loud and clear. Our culture is far from perfect, but we are taking action and we are making progress.”Now it’s not clear exactly what charges might be brought, with possible penalties including a big fine. It’s thought the company would be reluctant to negotiate a settlement if it meant pleading guilty, as that could see it hit with extra business restrictions. Relatives of victims in the two fatal crashes have long criticized Boeing’s exemption from prosecution. They protested inside and outside Congress during Calhoun’s appearance, demanding that the company face criminal charges.
WMUR - Manchester
Unitil, NHEC preparing to respond to potential power outages during Sunday's storms
Unitil and New Hampshire Electric Co-op said crews are ready to repair any downed lines caused by strong winds.
CNN
This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace
Steelmaking is responsible for up to 9% of global planet-heating pollution. The technology exists to clean it up but big obstacles remain

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

STOCKS OPEN MIXED AS HIGH-FLYING Q2 NEARS CLOSE

Putting Sustainability at the Heart of ERP

Latest Stories

Etobicoke residents plead for help amid rat infestation

Ontario Liberal MP's map of Canada forgets P.E.I., Yukon

I Retired in My 80s: 7 Expenses I Wish I Had Cut Sooner

Why Mount Rainier is the US volcano keeping scientists up at night

Finally, an answer to a mystery surrounding these 1,000-year-old trees

Cheetah cub 'adopted' by mother at Cincinnati Zoo, increasing his chances at survival

Remain alert as severe storms target southern Ontario on Sunday

City opens 4 new sites for non-potable water pickup

Soaking rains, severe storms target southern Ontario this weekend

Missing hiker rescued after 10 days

Nigerian community slowly disappearing under Atlantic Ocean due to coastal erosion

Strong storm setup continues through the overnight in Ontario

I’m an Average Middle-Class Retiree: Here’s How Much Savings I Have

Exclusive: China's ByteDance working with Broadcom to develop advanced AI chip, sources say

Lithium’s Ongoing Slump Has Traders Searching for Recovery Signs

What to expect as storms flair up Saturday over S. Ontario

I’m a Frugal Self-Made Millionaire: Here Are 5 Savings Tricks To Make Sure You’re on Track for Retirement

Prosecutors seek criminal charge for Boeing: sources

Unitil, NHEC preparing to respond to potential power outages during Sunday's storms

This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace