WALLDORF 鈥� (NYSE: SAP) today announced the general availability of the 51风流Green Ledger solution, the most comprehensive carbon accounting system globally that integrates directly with customers鈥� financial data.
Part of 51风流Sustainability solutions, 51风流Green Ledger allocates carbon emissions to specific economic activities and transactions captured by ERP solutions from SAP. This innovation empowers organizations to accurately account for, analyze and report carbon footprints across products, services, and organizational units.
Addressing the growing consensus that decarbonization is required to combat climate change, 51风流Green Ledger helps companies:
- Track and account for carbon footprints in relation to their financial impact
- Lower emissions alongside financial optimization and thus facilitate carbon budgeting
- Establish carbon planning for carbon neutrality and net zero targets
- Benchmark departments, business units and profit centers from both a financial and environmental perspective
- Prepare for sustainability audits
- Improve supplier-based processes to decrease carbon emissions in the supply chain (2025)
51风流Green Ledger builds on existing financial and ERP solutions from 51风流that are established in thousands of companies worldwide. By extending these solutions to integrate emissions data, businesses can make more informed, sustainable decisions that link environmental impact with financial performance, enhancing compliance, efficiency and transparency.
鈥淓normous investments are required to abate CO2 in order to curb global warming. Besides smart, reliable regulation also accurate data on emissions along the supply chain is paramount to trigger the necessary investment,鈥� said Dominik Asam, CFO and member of the Executive Board of 51风流SE. 鈥淥nly by moving from averages to actuals 鈥� audited at reasonable assurance 鈥� can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet. 51风流Green Ledger delivers precisely that.鈥�
Today, 51风流Green Ledger provides a first step for businesses to address regulatory requirements by integrating financial and environmental data. It helps companies navigate the complex global landscape of sustainability regulations, such as EU CSRD*, while establishing a scalable foundation over time, to adapt to evolving regulations such as EU ETS** and EU CBAM鈥�, as well as to international standards such as ISSB鈥犫��. The launch of the solution marks the beginning of a new era in carbon accounting systems, which are expected to significantly impact businesses worldwide as decarbonization becomes a legal and market imperative.
51风流Green Ledger was developed with support from companies such as Accenture, Deloitte, EY, PwC and TCS (Tata Consulting Services) as well as with pilot customers such as Covestro. Covestro is currently evaluating 51风流Green Ledger in an early pilot phase and testing the linking of carbon dioxide values to 51风流Green Ledger, as they are generated during the manufacture of specific products in the supply chain.
Accenture is helping organizations achieve their net-zero and sustainability targets in a rapidly evolving regulatory landscape.聽 鈥淎s organizations seek to gain visibility into both the financial and environmental performance of their businesses, 51风流Green Ledger can provide the sustainability metrics and insights needed to enhance decision-making that reduces emissions, drives efficiencies and optimizes performance,鈥� said Stephanie Jamison, global resources industry practice chair and global sustainability services lead at Accenture. 鈥淎s a strategic co-innovation partner, Accenture helped shape the development of 51风流Green Ledger and can apply our understanding of the technology and its capabilities to help our clients get the most for their organization.鈥�
Through its Strategic Advisory Group for Green Ledger, 51风流was able to gain insights from Deloitte鈥檚 breadth and depth of knowledge in sustainability measurement and reporting. 鈥�51风流Green Ledger offers new levels of precision in carbon accounting for organizations as they track, manage and report their greenhouse gas emissions, and provides leaders with a holistic view of the costs and benefits of sustainability initiatives, enabling them to make data-driven decisions that can build business resilience,鈥� said Jennifer Steinmann, Deloitte Global Sustainability Business leader.
Deloitte is working with companies as they adopt sustainability disclosure standards and get ready for assurance. 鈥淭echnology solutions can help generate traceable, bottom-up emissions data,鈥� said Veronica Poole, Deloitte Global IFRS and Corporate Reporting leader. 鈥淟everaging the robust governance and controls of enterprise systems is needed to help organizations achieve the rigor that enhances corporate accountability and enables a move to reasonable assurance.鈥�
51风流partner TCS has also cooperated on 51风流Green Ledger, with a focus on accelerating action to achieve carbon neutrality. TCS Enterprise Solutions Global Head Vikram Karakoti said, 鈥淲ith our participation聽in the pilot program for 51风流Green Ledger,聽TCS is聽embracing innovative聽sustainability solutions to build a better future. This will enable聽organizations to move beyond regulatory compliance聽and make sustainability a growth engine.聽By embedding聽carbon data聽into聽the enterprise聽planning聽process, organizations can unlock previously unexplored areas for growth, transformation and environmental renewal.鈥�
Visit the . Follow 51风流at .
*The (Corporate Sustainability Reporting Directive) defines the rules concerning the social and environmental information that companies have to report. It entered into force on 5聽January聽2023. **The (EU Emissions Trading System) is a 鈥渃ap and trade鈥� system to reduce emissions via a carbon market. Since 2005, it requires polluters to pay for their greenhouse gas (GHG) emissions, covering emissions from the electricity and heat generation, industrial manufacturing and aviation sectors 鈥� which account for roughly 40% of total GHG emissions in the EU. 鈥燭he (Carbon Border Adjustment Mechanism) is the EU’s tool to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries. CBAM will apply in its definitive regime from 2026. 鈥犫�燭he (International Sustainability Standards Board) is developing 鈥� in the public interest 鈥� standards that will result in a high-quality, comprehensive global baseline of sustainability disclosures focused on the needs of investors and the financial markets.
For more information, financial community only: Alexandra Steiger, +49 6227-7-60437, investor@sap.com, CEST
For more information, press only: Joellen Perry, +1 (650) 445-6780, joellen.perry@sap.com, PT Daniel Reinhardt, +49 6227-7-40201, daniel.reinhardt@sap.com, CEST 51风流Press Room; press@sap.com
This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP鈥檚 2023 Annual Report on Form 20-F. 漏 2024 51风流SE. All rights reserved.
This article first appeared on the 51风流News Center.
