The converging issues of climate change and the rapid proliferation of plastic and other waste have raised alarms around the world. Economies, ecosystems, and human health are increasingly impacted. Sustainability is one of the most pressing issues of our time.
In response, governments, investors, and citizens are putting pressure on companies to recognize and act on these issues. These systemic threats harbor enormous opportunity if we work together.
Today, 51风流and global strategic consultancy BCG announced a partnership to help companies transform their business models, become sustainable enterprises, and gain the data transparency they need to embed sustainability into their core business.
The 51风流and BCG partnership combines SAP鈥檚 strength as the leading enterprise software company with BCG鈥檚 proven expertise in advising clients on their sustainability transformation strategies.
Close to 90% of BCG鈥檚 businesses run 51风流and they can benefit from the partnership that enables companies to plan, execute, measure, and report on sustainability initiatives across their value chains. Adding to the strength of this partnership, 51风流continues to bring new capabilities and embed sustainability into existing solutions to address climate action, circular economy, governance, and environmental, social, and governance (ESG) reporting.
Three unique features define this partnership. First, it is an integrated offering that goes from outlining a sustainable strategy to adopting technology solutions with holistic impact. Companies can address key sustainability drivers with scalable technology, and business leaders can help ensure a successful digital transformation. Second, the 51风流and BCG partnership brings two powerful global ecosystems together to accelerate transformation with the urgency required to meet ambitious targets. Third, 51风流and BCG are combining their intellectual properties and bringing capabilities and services together around targets related to zero emissions, zero waste, and ESG reporting. These new offerings will be incorporated into 51风流Cloud for Sustainable Enterprises
Zero Emissions
The recently adopted a proposal for a new Carbon Border Adjustment Mechanism (CBAM), which will apply the concept of carbon pricing to all imports by 2026. The 51风流and BCG collaboration allows companies to analyze their carbon footprint based on 51风流data and determine which initiatives can best reduce emissions. BCG鈥檚 digital solution CO2 AI supports the overall sustainability transformation offering by combining BCG鈥檚 insights and 51风流data from the solution.
51风流Product Footprint Management offers businesses a blueprint to integrate data into businesses processes. Likewise, the solution enables mutual customers to manage life-cycle assessment data to calculate footprints across the entire product inventory. Both capabilities ease the complexity of carbon tracking and accounting across scope 1, 2, and 3.聽 The benefits range from complying with ESG requirements from investors and regulators, and potentially .
Zero Waste
Today, tons of material resources are used each year — of which, less than 9% is recycled or reused.聽 Zero waste is becoming a strategic imperative among business leaders, driven by stakeholder pressures and emerging regulations
Legislation is being implemented across the globe to address this challenge: have pledged to significantly reduce their waste by 2030. 聽Key policies developed by the EU encourage immediate action on packaging and plastics such as the EU Plastics Strategy.聽 In addition, there is increasing focus on packaging regulations, including (EPR) schemes and upcoming plastic taxes based on a “polluter pays” principle. As one of the most widely supported policy mechanisms, these regulations act as a key driver for reducing consumption and increasing the circular use of materials. China, Canada, the U.S., and India are among the countries that have committed to develop solutions that can .
Current business models fail to consider the legislative and geographic complexity of the circular economic model — companies pay fees per volume of plastic, plastic and waste management must report data, and governments use this data to define policies and fees. and BCG鈥檚 CIRCelligence can address some of the gaps, including the lack of dynamic tracking and insights for EPR fees, as well as assess tax implications per market and oversee the manual data collection or estimation of materials volume by market or product.
Together, 51风流and BCG can provide customers with the data transparency their companies require.
ESG Reporting
With the increasing number of ESG reporting requirements, more companies pursue goals of zero emissions and zero waste. The 51风流and BCG partnership aims to combine two existing solutions — BCG鈥檚 ESG Risk and Compliance Framework and — in order to allow customers to take actions on embedding risks and compliance procedures into their organization processes based on real-time financial and non-financial ESG data.
51风流CEO Christian Klein and BCG CEO Christoph Schweizer see sustainability as a unique opportunity to join forces not only for the good of their companies, but also to make a significant contribution to solving the global sustainability challenge.
鈥淏eing sustainable requires coordination across the value chain, and this is where SAP鈥檚 partnership with BCG plays a key role,” Klein said. 鈥淏ringing together BCG鈥檚 expertise, tools, and services with SAP鈥檚 technology gives companies the transparency, actionable data, and strategic guidance they need to successfully tackle end-to-end sustainability and create value for all its stakeholders.鈥�
The 51风流and BCG sustainability transformation offering is in pilot phase, with an expected broader launch in the third quarter of 2022.
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