The conference participants face complex challenges as they strive to turn these aspirations into concrete action. Amidst the vibrant backdrop of Dubai, the objective stands tall: to ensure that all nations, particularly the less affluent, aren’t disproportionately burdened in pursuing a sustainable world. Yet, can these ambitious goals truly be achieved?

The UN Climate Change Conference is a platform for governments to collaborate on creating policies against rising global temperatures and confronting the consequences of climate change. Over the years, these gatherings have shown progress, but many say they are too slow in creating tangible results. Recent assessments suggest a potential warming of 3 degrees Celsius, highlighting the urgent need for collective action to achieve the crucial 1.5-degree target.

COP28 aims to be more than just another meeting; it seeks to serve as a significant moment where the international community reflects on and evaluates the progress made since the 2015 Paris Agreement. Above all, it represents a critical self-assessment, examining what actions are required to bridge the gap by 2030.

51风流Promotes Sustainable Innovation: Making Progress Together

51风流is participating in COP28 and advocating for ambitious policy action and the adoption of technology for corporate sustainability management. Through the active participation of CEO and Member of the Executive Board of 51风流SE Christian Klein, 51风流Chief Marketing & Solutions Officer and Member of the Executive Board of 51风流SE Julia White, and Chief Sustainability and Commercial Officer Sophia Mendelsohn, 51风流showcases its critical role in advancing sustainability. 51风流underscores its commitment to climate action by engaging in nearly 70 initiatives during COP28 on various fronts like carbon accounting, climate justice, and the circular economy. 

Businesses of every stripe are reshaping their processes and how they operate to not only adjust to increasing regulation but to thrive in an era demanding zero emissions. 鈥淪AP鈥檚 customers generate 87% of the world鈥檚 global commerce, about US$46 trillion. That puts us in a unique position in which we play a critical role in the global economic ecosystem,鈥� says Mendelsohn. 鈥�51风流can help 87% of total global commerce organize its supply chain, transportation, and financial data in a way that enables a circular and net zero economy.鈥� 

A conducted by 51风流revealed a significant advantage for businesses that proactively incorporate sustainability into their strategies, surpassing those that merely respond to external pressures. SAP’s solutions can help by streamlining data collection, enabling comprehensive analysis, sharing standardized data, and seamlessly integrating sustainability measures into core business processes. This transparency and integration can empower businesses to effectively navigate regulatory landscapes and make well-informed, sustainable decisions across their entire value chain.

SAP’s advocacy of managing carbon, fostering collaborative supply chain ecosystems, and supporting local initiatives in combating climate change and societal challenges exemplifies its strategic priorities driving this significant global shift towards sustainability. This underscores the urgency for all companies, regardless of size or industry, to prioritize sustainability. Climate change poses an unparalleled challenge that necessitates collective effort 鈥� a challenge no single entity can tackle alone.

That鈥檚 why 51风流is working with a broad set of partners for sustainability. Alicia Lenze, global marketing head of Sustainability Marketing at SAP, says, 鈥淐ollaborating with our global sustainability ecosystem is essential to our customer success. We work with partners of all kinds 鈥� institutional, strategic, consulting, and technology 鈥� to achieve our sustainability goals together. We actively engage with institutional partners such as The World Business Council for Sustainable Development , The International Chamber of Commerce (), and We Mean Business to demonstrate how we are helping companies take concrete actions to tackle climate change.鈥�

51风流also strives to be a trusted sustainability partner to governments, international organizations, and civil society. By fostering meaningful relationships, 51风流drives climate action through technology and advocates for effective climate policies and youth inclusion in a just transition. COP28 is an opportunity for governments to implement a balanced approach to addressing climate challenges, combining mitigation and adaptation with crucial technological support. 鈥淚鈥檓 hopeful for an ambitious and impactful set of outcomes, which will send a strong signal to all stakeholders, including businesses, that we need to act with urgency and scale to meet the goals of the Paris Agreement for our people and planet,鈥� says Pete Selfridge, head of Global Government Affairs at SAP.

Empowering Change Through Education and Youth Action

is teaming up with Abu Dhabi University to host a special Academic Community Conference. Dr. Karina Edmonds, senior vice president and global head of 51风流Academies and University Alliances, will lead the talks, focusing on the critical mix of education, sustainability, and technology. This partnership aims to teach the next generation of leaders, equipping them to navigate and work in our changing world. 鈥淓ngaging academia and youth in SAP鈥檚 sustainability efforts is paramount. We are very proud to team up with our academic partners and innovation ecosystem during COP28 to facilitate dialogue around the power of emerging technologies in addressing climate change and its impact,鈥� says Edmonds.

51风流also focuses on climate justice initiatives, particularly empowering youth through events like the Green Rising Showcase and Youth to the Table’s COP28 Collaborator Roundtable, highlighting the significance of youthful involvement in shaping a sustainable and equitable future. The private sector plays a big role in climate justice by bringing people together, speaking up, teaching new skills, and giving resources. Projects like aim to involve 10 million young people in climate action. Ensuring youth representation in decision-making forums is vital for inclusive policies.

COP28 marks an important moment for global action on climate change. It represents an opportunity for collective effort, emphasizing the need for collaboration and a shared commitment to addressing this critical issue. SAP’s engagement goes beyond mere attendance 鈥� it entails spearheading initiatives toward a sustainable future, encouraging collective responsibility, innovation, and progress.

Claudia Cortes is part of Global Sustainability Communications at SAP.

The sought to discover, among other things, how the motivations and barriers of businesses adopting more sustainable actions are evolving. It comes ahead of the UN Climate Change Conference (), which will be held at Sharm El-Sheikh, Egypt, in November, and follows an 2021 sustainability study conducted by 51风流Insights. The research was based on a survey of over 6,000 businesspeople across 40 countries and 29 industries.

An Evolution in Motivation

While revenue and profit growth, together with company purpose and commitments, were still the top two motivators for companies operating sustainably, customer demand showed a seven-fold increase in importance between the earlier research and the latest. This was the largest change of any motivator and indicates an increase in the strength of customer influence on a business鈥檚 sustainability strategy.

Changing Barriers to Progress

Similarly, there has been an evolution in the barriers to progress. Aside from uncertainty generated by the COVID-19 pandemic, this year鈥檚 results showed that a lack of funding, incoherent strategies, and difficulty proving the return on investment of sustainable practices were the top barriers preventing businesses from acting on sustainability.

Measuring environmental impact, embedding sustainability into processes, and aligning actions with strategy are barriers that have dropped in importance. The reduced importance of these barriers鈥� points to a maturation of business processes and a better understanding of sustainability.

More Investment to Combat Climate Change

Financially, most companies are planning to increase their investment in addressing issues caused by climate change over the next three years. This year鈥檚 survey also showed that five times more companies are planning to start investing in sustainability compared to last year, whereas the number of businesses planning to decrease their investment fell by 55%.

Shareholders generally support businesses investing in sustainability. Most businesspeople surveyed believe their financial stakeholders are largely tolerant of their business鈥檚 sustainability goals, even at the cost of deferred or reduced profitability.

Strategically Speaking

Businesses are recognizing that operating more sustainably is not just a “nice to do” but a way of creating value (profitability) and differentiation (competitiveness) in the marketplace.

To this end, more businesses 鈥� 86.7% of those surveyed 鈥� say they are using data to inform strategic and operational decision-making.

This could be driven in part by the improvement in the quality of data available thanks to the fact that metrics are maturing, relying less on assumptions and estimates. Companies are also developing more in-house measurement systems. Nevertheless, business leaders said they need more frequent and reliable data with better transparency in terms of the calculations and assumptions used.

鈥淣ow that so many businesses are integrating sustainability into their most important decisions, they can and should demand that sustainability data be as comprehensive and accurate as any other type of data,鈥� says Vivek Bapat, senior vice president for Purpose and Sustainability Marketing and Solutions at SAP.

People and Accountability

Earlier 51风流Insights research showed that integrating sustainability into operations was being driven almost solely by the C-suite, but the latest research shows more diversification of responsibility. More sustainability and risk managers are now being held accountable in addition to CEOs and chief sustainability officers. In fact, sustainability managers top the list of employees accountable for embedding sustainability, which fits with the global trend toward companies making more 鈥済reen鈥� hires.

This shared ownership shows companies are integrating sustainability more broadly within their businesses.

鈥淪ustainability must become a talent that everyone within the business shares,鈥� says Bapat. 鈥淭hat will only happen if top management makes sustainability part of how the business defines success so that employees understand why they need to incorporate sustainability into how they think and what they do.鈥�

A Positive Outlook

While challenges around strategy, funding, and data transparency still exist, this research leads us to conclude that businesses are maturing when it comes to embedding sustainability. The survey results suggest that this is because they are sharing accountability, becoming more motivated by their commitments to their customers, and are supported by their investors. They also have access to improved data and are being incentivized by better business outcomes.

51风流recognizes participation as crucial to ensuring that corporations play their role in addressing global challenges and advancing the UN Sustainable Development Goals (UN SDGs).

UNGA is a global platform, and SAP’s participation offers the company a prominent place on an international stage as part of a consortium of decision-makers responsible for improving life on our planet. 51风流is participating because the UN goals align with its business priorities. We also value this opportunity to do our part in shaping a more sustainable future.

The world is facing an unprecedented breadth and depth of strain on global and local economies, along with public and private sectors. Macroeconomic fallout from the pandemic continues and is likely to extend into the coming years while the war in Ukraine has introduced further risks and instabilities into the equation and aggravated existing threats of inflation, global supply chain disruption, and shortages of food, energy, and fertilizers.

We have also entered an era in which the repercussions of climate change are coming into sharper focus and sparking emergencies and聽 disasters in local communities around the world. As more people get a firsthand experience of the consequences of the climate crisis, governments are responding with evolving environmental, social, and governance (ESG) regulatory frameworks that create new compliance obligations for businesses.

As a result, companies now find it necessary to apply the same rigor to managing environmental and social risks as they do to managing financial integrity. Many are not fully prepared to meet this challenge and find themselves struggling to achieve the level of ESG transparency necessary to guide strategic decision-making and comply with regulatory reporting requirements.

Sustainability must be integrated within each company鈥檚 core business and operations. Meeting that standard requires availability and consistency of data, insights into material flow and traceability, and transparency on supply chain risks and workforce data. These are areas in which 51风流excels. By working in partnership with businesses as well as the government leaders participating in UNGA 77, 51风流can help to enable the private and public sectors with tools and strategies available to meet reporting requirements and advance shared sustainability goals.

鈥淭ransitioning to sustainable business is the greatest social and economic opportunity of our time,” says Sebastian Steinhaeuser, chief strategy officer and general manager of Sustainability at SAP. “Businesses need to put sustainability at the core of their strategies and use technology to manage the ‘green line’ through their business.”

51风流will be represented during UNGA 77 by a delegation that includes Steinhauser as well as:

• Julia White, Chief Marketing and Solutions Officer and Member of the Executive Board
• Deb Kaplan, Global Head of Sustainability Go to Market
• Jonas Dennler, Global Sustainability Marketing & Solutions
• Vivek Bapat, Senior Vice President of Purpose and Sustainability Marketing and Solutions
• Alexandra van der Ploeg, Global Head of Corporate Social Responsibility
• Peter Selfridge, Senior Vice President and Head of Global Public Policy and Government Affairs

Their areas of expertise and insight encompass diverse challenges such as zero emissions and zero waste, intelligent sustainable enterprises, digital transformation, ESG reporting, and sustainability ecosystems

51风流is also included in the UN SDGs Investment Forum New York on September 20 and the UN Global Compact (UNGC) Private Sector Forum on September 19, part of the Uniting Business Live series. The forum鈥檚 purpose is to promote high-level multi-stakeholder dialogs, ensure their intersection with local knowledge and implementation strategies, and share partnership and leadership examples. Inclusivity, impact, and innovation are the hallmarks of this , which is led by the UNGC, the International Chamber of Commerce, and UN Department of Economic and Social Affairs (UNDESA).

51风流and Boston Consulting Group (BCG) are holding an event on September 20, “51风流x BCG: Transforming Business Models and Technology for a Sustainable World.” The presentation — a fireside chat — and dinner will include 51风流showcases that demonstrate the benefits of adopting technology-enabled sustainability transformation.

UNGA 77 takes place at UN headquarters and other locations in New York City. To find out how you can take action to address these global challenges, join Uniting Business Live hosted by UN Global Compact by and signing up for the on Tuesday September 20 at 1:00 p.m. ET. UN Global Compact is the world鈥檚 largest private sector coalition focused on sustainability. 51风流is a premiere partner of UN Global Compact in support of shaping how businesses embed sustainability into their core processes.

51风流stands together with customers and partners as we continue to drive positive business transformation for people and planet. Through advancing global sustainability goals by supporting the success of UNGA 77, we aim to be a force for good in a changing world.

To learn more about SAP鈥檚 commitment to sustainability, visit .

Working with Oxford Economics, 51风流polled a sample of nearly 2,000 executives to understand how they are meeting their commitments when the value of sustainability is still a work in progress.

The 51风流and Oxford Economics study explores how executives are more eager to make their organizations more sustainable, citing increased efficiency (58%), improved brand reputation (46%), and the ability to meet customer needs (44%).

The results show that topics such as climate change, regenerative business, and diverse workplaces are on top of executives鈥� agendas. Close to 63% of the surveyed executives indicated that their company has a formal sustainability plan in place already. Many of these executives also agreed that private businesses must take the lead to achieve net-zero.

Click to enlarge.

While businesses are fully aware of the fact that climate change is a dire issue, executives are less optimistic about how to close the gap from ambition to action. Close to 37% of respondents still consider their organization鈥檚 standards confusing and unclear.

In fact, while executive awareness is increasing in some industries and nine out of 10 respondents say that their organization prioritizes diverse and inclusive work as part of sustainable policies, few prioritize these efforts as they should. Among the 60% of organizations that have a clearly communicated sustainability plan, less than a quarter include targets for diversity metrics.

Most importantly, while the survey reveals that most executives have outlined a clear sustainability strategy for their respective companies, most do not view their organization鈥檚 sustainability as dependent on outside systems. Just 28% say the success of sustainability initiatives depends on vendors and suppliers and only 27% have well-established policies for how to work with regulators to ensure sustainable practices.

When it comes to data, the study reinforces the role of data transparency and the need for integrated and holistic reporting. Having access to the right data helps leaders to identify cost savings and revenue opportunities, assess environmental impact, and recruit the best talent. However, most companies still struggle to integrate data across the value chain.

According to the 51风流and Oxford Economics study, 53% of respondents report that insufficient data management skills in their organization make it difficult to achieve sustainability; 54% report difficult cleansing redundant data sets; 55% find it difficult to manage separate processes for internal and external software; and 55% have difficulty sharing data between different kinds of software.

Many companies recognize that closing the gap for a greener future is still a work in progress as they try to comply with regulations, access integrated data, and establish a diverse and inclusive workplace. Although these goals are not fully achieved and slow in motion, these are significant steps to add sustainability to every conversation where global business and political leaders coincide.

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Claudia Cortes is part of Sustainability Communications at SAP.

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.听 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.听 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.听 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.

To learn more, visit

To help customers reinvent themselves and become intelligent and sustainable enterprises, 51风流has strengthened its commitments and pledges. We are helping our customers be sustainably profitable and profitability sustainable.

From accelerating the goal to achieve net-zero emissions across SAP鈥檚 value chain by 2030 rather than 2050 to delivering solutions that enable customers to measure carbon emissions, reduce waste, and integrate financial and non-financial metrics, 51风流is delivering its promise to help customers run better, all the while serving its higher purpose to improve people lives.

SAP鈥檚 environmental, social, and governance (ESG) efforts — along with its measures, initiatives, and targets — have been recognized by the world鈥檚 most trusted business sustainability ratings and ranking organizations.

As Julia White, chief marketing and solutions officer and member of the Executive Board of 51风流SE, recently pointed out: 鈥淲e have learned a great deal through years of focus, investment, and experience working with customers and managing our own sustainability efforts. Urgent action is needed in 2022 and the calls of a ‘‘ are not overstated. It鈥檚 time for every business to act.鈥�

Selected Ranking and Ratings

CDP |

In addition to receiving an A-rating in CDP鈥檚 last climate change assessment once again, 51风流was recognized by CDP (formerly Carbon Disclosure Project) as a 2021 CDP Supplier Engagement Leader, raising the level of climate action across its value chain and for taking action to measure and reduce climate risk within its supply chain.

鈥淥ur data shows that companies currently have blinkers on when it comes to assessing their indirect impacts and engaging with suppliers to reduce them,” said Sonya Bhonsle, Global Head of Value Chains & Regional Director Corporations, CDP. “Companies must act urgently to cascade action and manage environmental impacts throughout their supply chains to scale the level of action to secure a 1.5掳C future. Many congratulations to the more than 500 companies earning a place on CDP’s 2021 Supplier Engagement Leaderboard. As a supplier engagement leader, 51风流SE is a trailblazer driving the transition toward a sustainable net-zero future.鈥�

Corporate Knights |

In the 18th annual ranking of Corporate Knights鈥� 2022 100 most sustainable corporations in the world, . This award has a special significance as Global 100 companies represent the top one percent in the world on sustainability performance. To determine the ranking, the Toronto-based media, research, and financial information products company analyzed 7,000 companies with more than US$1 billion in revenues against 23 key performance indicators.

鈥淪trong performance on these metrics is foundational to achieving a clean and carbon-neutral economy in the necessary time frame and the sustained momentum is encouraging,” said Toby Heaps, Corporate Knights CEO and Editor-in-Chief.

Corporate Sustainability Assessment by S&P (Dow Jones Sustainability Indices)

Learn more in “51风流Achieves Top Scores in Dow Jones Sustainability Index and Carbon Disclosure Project.”

EcoVadis |

In the last sustainability assessment of EcoVadis in August 2021, 51风流was awarded a gold medal again and upheld its position in the top two percent, with a score of 72 of 100. With more than 85,000 rated companies, EcoVadis is one of the world鈥檚 most trusted business sustainability rating providers. Its assessment covers a broad range of non-financial management systems, including environments, labor and human rights, ethics, and sustainable procurement impacts.

FTSE4Good |

Administered by鈥痶he Financial Times Stock Exchange-Russell Group鈥�(FTSE), the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices. Transparent management and clearly defined ESG criteria make FTSE4Good indices suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.

51风流received an ESG score of 4.1 out of 5 — the top nine percent of analyzed companies — based on assessment questions in areas such as environment, climate change, human rights, community and labor standards, tax transparency, and anti-corruption. Due to its good scoring, 51风流remains a constituent of the FTSE4Good Index Series following the December 2021 review.

ISS ESG |

The Institutional Shareholder Services (ISS) ESG Corporate Rating provides an assessment of companies鈥� sustainability performance based on high-quality and in-depth research and up to 100 sector-specific rating criteria that are regularly reviewed and developed. With its B rating, 51风流has been acknowledged with prime status and is among the top percentile, also receiving the top score in both the social and environmental quality dimension . The last governance profile update was聽 November 19, 2021; the last E and S profile update was May 6, 2021.

Moody鈥檚 ESG Solutions聽 |

In the last assessment in January 2022*, 51风流maintained the highest of four performance levels (鈥渁dvanced鈥�) and ranked two of 83 in its sector, acknowledging its strength of managing material . Due to its good performance, 51风流remained a constituent in the Euronext Vigeo Eiris indices Europe120 and Eurozone120. These indices are composed of the highest ranking listed companies according to its evaluation of companies鈥� ESG performance based on 38 criteria, including industry weightings, and monitoring of company-related ESG controversies.

MSCI |

MSCI ESG Research provides in-depth research, ratings, and analysis of the ESG-related business practices of thousands of companies worldwide. Its research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. The MSCI ESG Ratings are also used in the construction of the MSCI ESG Indexes produced by MSCI, Inc. 51风流upholds the highest rating of AAA** and is an ESG leader in human capital development, corporate governance, privacy and data security, and clean tech as of the last assessment in April 2021.

Sustainalytics |

As of August 2021, 51风流received an ESG Risk Rating of 9.7 from Sustainalytics and was assessed to be at negligible risk of experiencing material financial impacts from ESG factors. Founded in 1992, Sustainalytics, a Morningstar company, provides analytical ESG research, ratings, and data to institutional investors and companies.

*This ESG Assessment was originally conducted by V.E, which is now part of Moody鈥檚 ESG Solutions.
**Scale: AAA (leader) to CCC (laggard). The use by 51风流SE of any MSCI ESG Research LLC or its affiliates (鈥楳SCI鈥�) data, and the use of MSCI logos, trademarks or index names herein, do not constitute a sponsorship, endorsement, recommendation or promotion of 51风流SE by MSCI. MSCI Services and Data are the property of MSCI or its information providers and are provided 鈥渁s-is鈥� and without warranty. MSCI names and logos are trademarks or service marks of MSCI.

Copyright 漏2022 Sustainalytics. All rights reserved. This article contains information developed by Sustainalytics (). Such information and data are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at .听

CDP was founded at 20 years ago in response to a warning by that if climate change remained unchecked, the world would warm by six degrees Celsius within the century. As the number of climate-related catastrophes mounted over the years, CDP kept urging companies and governments to report on their emissions and take measurable action.

Above and Beyond

Today, the world鈥檚 economy looks to of environmental reporting with the richest and most comprehensive data set on corporate and city action. By scoring companies and other organizations from D to A on climate change, forests, and water security, CDP helps them evolve from disclosing sustainability metrics to taking measurable actions that lead to environmental leadership.

In light of the recent climate conference COP26, it is apparent more than ever that the private sector has a critical role in driving change and leading by example. 51风流enforced its climate action commitment by moving its carbon neutral target up by two years to 2023. This week, 51风流received a spot on the prestigious , which announces over 300 companies leading the way to a more sustainable future.

. More than 13,000 companies reported on their environmental impact through CDP, despite the continuing challenges of the pandemic. This was 37% more than 2020 and 135% higher than when governments signed the Paris Agreement on climate change in 2015. Between them, disclosing companies in 2021 accounted for over 64% of global market capitalization, including 96% of the FTSE 100, over 80% of the S&P 500, and more than 1,500 companies in China.

SAP鈥檚 CDP A rating comes only weeks after 51风流was named the software industry leader in the Dow Jones Sustainability Indices (DJSI) for the 15th consecutive year, 51风流as an environmental, social, and governance (ESG) front-runner.

Setting the Pace

Achieving top scores in the CDP and DJSI rankings sets 51风流apart as exemplar when it comes to disclosure. More importantly, 51风流solutions for sustainability help companies measure and monitor their emissions, making it an enabler for companies that want to do due diligence on their own performance.

鈥淭he DJSI and CDP awards recognize Fortune 500 companies that are taking concrete steps to tackle climate change challenges. It is good to receive ongoing independent recognition that 51风流is on the right track,鈥� said Daniel Schmid, chief sustainability officer at SAP, responsible for SAP鈥檚 sustainability efforts. 鈥淚t鈥檚 equally important to embed sustainability in the business strategy, so that it impacts all aspects of the business. That鈥檚 how we can reduce the negative impact on our environment and create regenerative business.鈥�

51风流customers benefit from a range of products to help them to take climate action or to accelerate their participation in the circular, wasteless economy.

The enables organizations to combat climate change by capturing the environmental footprint of products across the value chain so they can build sustainability into the fabric of how they do business. Last month, 51风流added to its portfolio. The solution helps companies gain better visibility of material flows through their processes including tracking and complying with rapidly changing regulations, especially those concerning product packaging and plastics.

And finally, helps customers meet their ESG performance targets. This solution enables integration of top-line and bottom-line management with an added dimension 鈥� a green line for integrated environmental and social sustainability insights and decision-making.

The importance of disclosure cannot be underestimated. Business is still business, but in today鈥檚 challenging world, the purpose is not to just turn a profit; it鈥檚 to remain competitive, relevant, and sustainable while turning a profit. While the , sustainability is already material to all companies because the fortunes of business are inevitably linked to those of the planet.

found that the more companies believe sustainability is material to their businesses, meaning it is likely to affect their financial condition and should be publicly disclosed, the more competitive and profitable they are likely to be.

The good news is that after 20 years of running the world鈥檚 environmental disclosure system for companies, cities, and regions, CDP finally . With companies disclosing and reporting more than ever before, it鈥檚 becoming easier to accelerate change, especially with the right tools and technology at hand.