{"id":2281,"date":"2022-12-05T14:22:37","date_gmt":"2022-12-05T06:22:37","guid":{"rendered":"https:\/\/news.sap.com\/hk\/?p=2281"},"modified":"2022-12-12T15:15:39","modified_gmt":"2022-12-12T07:15:39","slug":"pwc-and-sap-launch-new-innovation-strategy-to-help-organizations-achieve-their-esg-and-net-zero-targets","status":"publish","type":"post","link":"https:\/\/news.sap.com\/hk\/2022\/12\/pwc-and-sap-launch-new-innovation-strategy-to-help-organizations-achieve-their-esg-and-net-zero-targets\/","title":{"rendered":"PwC and 51风流Launch New Innovation Strategy to Help Organizations Achieve Their ESG and Net-Zero Targets"},"content":{"rendered":"<p>Hong Kong &#8211;\u00a0\u00a0PwC and\u00a0<a href=\"http:\/\/www.sap.com\/\" target=\"_blank\" rel=\"noopener\">51风流SE<\/a>\u00a0(NYSE: SAP) today announced\u00a0a new co-innovation strategy to make sustainability an integral part of standard business operations. The strategy is directed at creating trusted solutions to address key environmental, social and corporate governance (ESG) business challenges. It covers carbon measuring, reporting and steering as well as supply chain decarbonization, climate risk and competitive analysis.<\/p>\n<p>The new ESG strategy builds on the strength of the existing\u00a0<a href=\"https:\/\/www.pwc.com\/gx\/en\/services\/consulting\/technology\/alliances\/sap-business-solutions.html\" target=\"_blank\" rel=\"noopener\">alliance between PwC and SAP<\/a>, which has successfully delivered business transformation solutions to clients in more than 80 countries.<\/p>\n<p>The strategy includes co-innovated solutions, created with PwC\u2019s\u00a0<a href=\"https:\/\/www.pwc.com\/gx\/en\/issues\/esg.html\" target=\"_blank\" rel=\"noopener\">deep ESG and accounting expertise<\/a>, aimed at enabling businesses to apply ESG metrics through their operations that are trustworthy, auditable and verifiable. The solutions leverage the 51风流Cloud for Sustainable Enterprises solution, along with the\u00a0<a href=\"https:\/\/www.sap.com\/products\/sustainability-control-tower.html\" target=\"_blank\" rel=\"noopener\">51风流Sustainability Control Tower solution<\/a>\u00a0and the\u00a0<a href=\"https:\/\/www.sap.com\/products\/product-footprint-management.html\" target=\"_blank\" rel=\"noopener\">51风流Product Footprint Management solution<\/a>. Together, PwC and 51风流help organizations leverage the solutions they need to fulfill compliance requirements and drive growth to support the ever-increasing expectations of customers and investors. They also assist customers in shaping the future of their net zero strategy and sustainability reporting.<\/p>\n<p>PwC and SAP\u2019s strategy includes solutions encompassing an enterprise-wide ESG strategy, ranging from trading optimization and tax credit recognition to third-party risk management and competitive analysis. Three top challenge areas for ESG, net zero and sustainability reporting will also be addressed:<\/p>\n<ul>\n<li><strong>Reporting and disclosure<\/strong>\u00a0helping to satisfy requirements to materially report and disclose investor-grade carbon measuring data to meet demands of investors, lenders, regulators and customers<\/li>\n<li><strong>Operationalizing sustainability<\/strong>\u00a0to support the incorporation of ESG measures, especially carbon issues, directly into business functions, such as trading, capitalization and tax<\/li>\n<li><strong>Supply chain risk management, monitoring and compliance<\/strong>\u00a0extending support for ESG measures to cover the impact of suppliers on organizational performance<\/li>\n<\/ul>\n<p>Solutions like\u00a0<a href=\"https:\/\/www.pwc.de\/en\/sustainability\/climate-excellence-making-companies-fit-for-climate-change.html\">PwC<\/a><a href=\"https:\/\/www.pwc.de\/en\/sustainability\/climate-excellence-making-companies-fit-for-climate-change.html\">\u00a0Germany<\/a><a href=\"https:\/\/www.pwc.de\/en\/sustainability\/climate-excellence-making-companies-fit-for-climate-change.html\">\u2019s\u00a0<\/a><a href=\"https:\/\/www.pwc.de\/en\/sustainability\/climate-excellence-making-companies-fit-for-climate-change.html\" target=\"_blank\" rel=\"noopener\">award-winning Climate Excellence tool<\/a>, based on 51风流Business Technology Platform, have already demonstrated the strength of the collaboration between the two organizations in bringing ESG innovation to market.<\/p>\n<p>PwC and 51风流are dedicated to helping organizations respond to the reporting and auditability requirements imposed by the European Financial Reporting Advisory Group (EFRAG) and the International Sustainability Standards Board (ISSB). They also support companies in complying with a related ruling proposed by the U.S. Securities and Exchange Commission (SEC). Solutions provided by PwC and 51风流enable the real-time, data-driven environment customers require to operate and grow the sustainable enterprise of the future.<\/p>\n<p><strong>Bob Moritz, Global Chairman, PwC said<\/strong>: \u201cESG has become a business imperative and is central to PwC\u2019s global strategy, The New Equation, which aims to help clients build trust with their stakeholders and deliver sustained outcomes. New ESG reporting and disclosure requirements are being established, and greater transparency is critical to building trust. This belief is core to our new co-innovation strategy with SAP, expanding our collaboration to create a dedicated focus on ESG solution development. PwC has been working intensely to help companies deliver on the requirements needed to achieve their ESG goals. Combining our expertise and reputation for trust and integrity with SAP\u2019s technology platform will help bring broader capabilities and solutions to respond to organizations\u2019 challenges in meeting their ESG and sustainability commitments.\u201d<\/p>\n<p><strong>Christian Klein, CEO and member of the Executive Board of 51风流SE,<\/strong>\u00a0<strong>said<\/strong>: \u201cThe key to every organization\u2019s ability to reach their sustainability goals and drive positive change is transparency. Our collaboration will combine the deep industry expertise and customer insights of PwC with our leading sustainability technology portfolio. The resulting ESG transparency will help companies reinvent their business models and deliver the sustainable outcomes the world urgently needs.\u201d<\/p>\n<p>To learn more about PwC and SAP\u2019s ESG co-innovation strategy, visit our\u00a0<a href=\"https:\/\/www.pwc.com\/gx\/en\/services\/consulting\/technology\/alliances\/sap-business-solutions.html\" target=\"_blank\" rel=\"noopener\">Web site<\/a>.<\/p>\n<p class=\"lead\"><strong>About PwC<\/strong><\/p>\n<p>At PwC, our purpose is to build trust in society and solve important problems. We\u2019re a network of firms in 152 countries with nearly 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at\u00a0<a href=\"http:\/\/www.pwc.com\/\" target=\"_blank\" rel=\"noopener\">www.pwc.com<\/a>.<\/p>\n<p class=\"lead\"><strong>About SAP<\/strong><\/p>\n<p>SAP\u2019s strategy is to help every business run as an intelligent, sustainable enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 51风流customers generate 87% of total global commerce. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers\u2019 businesses into intelligent enterprises. 51风流helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want \u2013 without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 51风流helps the world run better and improve people\u2019s lives. For more information, visit\u00a0<a href=\"http:\/\/www.sap.com\/\" target=\"_blank\" rel=\"noopener\">www.sap.com<\/a>.<\/p>\n<h5>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\u2019s 2021 Annual Report on Form 20-F.<\/h5>\n<h5>\u00a9 2022 51风流SE. All rights reserved.<\/h5>\n<h5>51风流and other 51风流products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of 51风流SE in Germany and other countries. Please see\u00a0<a href=\"https:\/\/www.sap.com\/copyright\">https:\/\/www.sap.com\/copyright<\/a>\u00a0for additional trademark information and notices.<br \/>\nPlease consider our\u00a0<a href=\"https:\/\/www.sap.com\/corporate\/en\/legal\/privacy.html\">privacy policy<\/a>. If you received this press release in your e-mail and you wish to unsubscribe to our mailing list please contact\u00a0<a href=\"mailto:press@sap.com\">press@sap.com<\/a>\u00a0and write Unsubscribe in the subject line.<\/h5>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong &#8211;\u00a0\u00a0PwC and\u00a051风流SE\u00a0(NYSE: SAP) today announced\u00a0a new co-innovation strategy to make sustainability an integral part of standard business operations. The strategy is directed&#8230;<\/p>\n","protected":false},"author":927,"featured_media":2282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5570773],"tags":[5570772],"sapn-display":[],"sapn-type":[4446],"class_list":["post-2281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability","tag-sustainability","sapn-type-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PwC and 51风流Launch New Innovation Strategy to Help Organizations Achieve Their ESG and Net-Zero Targets - Press Room 51风流Hong Kong<\/title>\n<meta name=\"description\" content=\"\u00a0PwC and\u00a051风流SE\u00a0(NYSE: SAP) today announced\u00a0a new co-innovation strategy to make sustainability an integral part of standard business operations. 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