While the Summit��was��historic��in terms of��outcomes,��including the New Delhi Declaration and��an increasing focus on��sovereignty,��it also revealed a divergence in perspective.��The public image��of��India’s AI��opportunity��is��gripped by��what’s��most visible:��tools that generate��content and��reshape how��we��interact with technology. But the more consequential story is unfolding away from the spotlight.����

To understand where this transformation is truly taking shape,��let’s��distinguish between��the��two dimensions of AI.��Consumer-centred��AI is the lightbulb that illuminates possibility,��creativity��and��assistance. Enterprise-focused��AI, by contrast, is the power plant��that��quietly and reliably energises��operations at scale. While one captures imagination, the other delivers outcomes.����

Encouragingly, adoption of this��Enterprise��AI��is already��gaining momentum.��According to the recent��51����Value of AI��survey, in��collaboration with Oxford Economics,��nearly��a��quarter of business tasks in India today are supported by AI. In less than two years, that share is expected to rise to over 40%. Even more telling is the confidence behind this acceleration,��with 93% Indian enterprises expecting measurable returns from their AI investments within the next one to three years.����

This is India’s inflection point.��Having moved beyond��initial��exploration,��India’s��focus is now on bringing greater alignment and coherence to unlock AI’s full enterprise potential.��

From Experimentation to Integration��

The next phase of India’s journey requires a shift from isolated pilots to��everyday��execution. AI must become a core capability��as part of our��supply chains, finance, human capital, and customer engagement. This transformation��can rest on four pillars:��

• The Demographic Dividend:��India’s greatest advantage is its people.��The��deep technology talent pool gives��the country��a strong foundation��to take AI from small experiments to real‑world impact��enabled by��a continued��investment��in reskilling and domain-led AI��expertise.��

• Data Foundations:��AI demands��accurate, contextual, and interconnected data from across the business.����As��we scale��adoption,��the next phase will rely on��strengthening��our��data foundations��to��create��semantically rich environments��to power��more effective AI systems.��

• AI as an Amplifier:��The more critical the application, the more AI depends on the structured processes and traceability that robust enterprise systems provide.����

• Trust as a Catalyst:��As AI integrates into critical infrastructure, trust��will��become the primary currency of scale. India’s evolving regulatory frameworks��like the��data protection laws��offer��guardrails that enable speed.����

Redefining Value: The IMPACT����

In an unpredictable global economy,��we must look beyond traditional financial metrics. While Return on Investment (ROI)��remains��a baseline,��it’s��time we move to return on impact. The IMPACT can be seen as:��

I — Infrastructure:��Building secure, sovereign, and interoperable digital highways.��

M — Measurable Outcomes:��Tracking gains in health, education, and quality of life.��

P — Policy & Guardrails:��Ensuring ethical AI through robust, transparent frameworks.��

A — AI Embedding:��Making��AI��as a horizontal��across all sectors to make it a tool for daily life.��

C — Citizen-Centricity:��Designing inclusive, multilingual solutions.��

T — Talent & Trust:��Investing in workforce skills and fostering public confidence.��

The momentum��of AI��in India is real��and the opportunity is unprecedented.��Only by focusing on��all of��the areas of the��IMPACT��framework��can we��realise that incredible��promise.����

The task now is to��transition��from fragmented progress to meaningful, systemic impact. In the journey��towards��a��Viksit Bharat��–��India’s blueprint to becoming a��fully��developed nation by 2047 –��AI is no longer just a digital tool,��it is a strategic imperative for a resilient and innovative nation.��

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Presented by INDUS, the 51����India User Group, 51����ACE Awards 2024 evaluated organizations for technology-led innovations across four key categories –��The Game Changers,��The Disruptors, and The Sustainability Champions and a special new category – The BTP Innovation Champions.��The awards received over 206 project nominations competing across major categories with a focus on transformation across Supply Chain, Procurement, Customer Experience, Finance, Manufacturing, Human Capital, and Enterprise-wide Transformation.

“As the India story unfolds, innovation emerges as the cornerstone of business transformation, paving the way for a rich future with endless possibilities. At the 51����ACE Awards 2024, we honor these visionary leaders whose dedication to digital innovation shapes India’s ‘techade’ and accelerates our global dominance. Congratulations to all the winners for championing change and demonstrating how technology can take India to new heights,” said Manish Prasad, President and Managing Director, 51����Indian Subcontinent.

The 2024 edition of the 51����ACE Awards features new award categories aligned to the current business environment. However, 51����ACE Awards retains its stringent three-level evaluation process, with an eminent INDUS deciding on the final winners. As part of the methodical process, all the front-running nominees were assessed by an eminent INDUS nominated by the management board of 51����India User Group (INDUS).

For more information, press only:

Deepika Gumaste: 9769933345; deepika.gumaste@sap.com ; IST

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Meeting the demands from all sides goes beyond traditional sourcing. It requires a strategic investment into goods and services – starting with upstream services such as procurement to core operations such as product development and sales to downstream distribution that includes the last mile – from businesses that serve the world’s most vulnerable people and ecosystems: social enterprises. These organizations prioritize social and environmental good alongside financial sustainability, creating jobs, empowering communities, and fostering responsibility.

Why now?

A recent by Impact Europe, Sattva and 51����reveals a clear trend: 80% of businesses see social procurement as a solution to meeting their sustainability goals. This isn’t just about responding to consumer demand. Companies are recognizing the potential for innovation and growth through collaboration with social enterprises.

Take India, for example, a global leader with over two million social enterprises.�� Imagine the possibilities for integrating these businesses into supply chains, not just for social good, but for fresh perspectives and untapped talent.

However, there’s a “gap between intention and action,” as the report highlights. While many companies have adopted diverse sourcing practices, only half prioritize supporting local economies and a circular economy. This disconnect underscores the need for a deeper understanding of social procurement’s potential.

The good news is that the trend is moving in the right direction. The rise of social procurement aligns perfectly with the growing focus on environmental, social, and governance (ESG) targets.

For example, social procurement can directly address both the “S” and the “G” that sits at the heart of ESG by supporting small businesses. This is especially pertinent in India where the report has found that MSMEs form 29% of the GDP and more than 90% of businesses in India are micro and small. This focus on social responsibility not only has benefits for local communities, but also enhances a company’s reputation with investors, customers, and employees who value ethical practices.

The report has also revealed that within India there is a unique context for businesses to integrate small suppliers and businesses in larger supply chains which advances and supports inclusivity. Socially responsible suppliers are often open to innovation and able to adapt faster, leading to a more sustainable supply chain overall, and are much more likely to adopt fair labor practices ensuring ethical treatment of workers throughout the supply chain. This includes safe working conditions, living wages, and respect for worker rights.

By sourcing from businesses owned and operated by minorities, women, or people with disabilities, companies contribute to a more inclusive economy which expands opportunities for traditionally marginalized groups. Strong social practices have the potential to attract and retain employees leading to a more stable and resilient workforce. The benefits of prioritizing people and planet have never been greater.

In terms of SDGs, the report found that social procurement directly addresses 7 out of the 17 SDG goals – a massive stride forward in achieving a better and more sustainable future for all.

The power of collaboration

Social procurement is more than just a transaction. It’s about building partnerships that create a ripple effect of social impact.

A prime example is Even Cargo, India’s first all-female, last-mile e-commerce logistics provider. By partnering with social enterprises like Even Cargo, businesses can empower communities, create jobs, and drive progress toward a more equitable future. As Yogesh Kumar, Founder of Even Cargo said: “We believe jobs shouldn’t be decided based on gender.” As such, their comprehensive training program equips women with the skills they need to succeed in a traditionally male-dominated field, fostering financial independence and self-reliance.

However, Even Cargo’s journey wasn’t without challenges. Initially, they faced societal resistance to their innovative approach, but perseverance and recognition, including a positive feature in The New Yorker, led to a pivotal collaboration with Amazon. This partnership provided valuable employment opportunities for Even Cargo’s trained women.

Still, Kumar identified a critical bottleneck – the lack of mobile women in India’s workforce. This realization shone a spotlight on the need for a broader approach to social procurement, one that goes beyond simply hiring from a specific demographic. Even Cargo advocates for creating a more inclusive work environment across the board. This includes promoting gender-balanced warehouses, creating workspaces with amenities catering to both genders, and offering flexible working hours to support work-life balance, particularly for mothers.

Collaboration with social enterprises like Even Cargo offers numerous benefits to corporations.�� Leveraging their expertise allows us to improve our own diversity and inclusion strategies, creating a more holistic and equitable workplace culture.

Building a sustainable future

The future of social procurement is bright. To mitigate challenges and bolster opportunities for these partnerships, we formed a coalition at the Social Procurement Roundtable to activate the social procurement ecosystem in the country, foster collaboration and active involvement of key stakeholders, and advocate for policy changes that promote responsible business practices. These are all key priorities to that underpin SAP’s commitment to drive transformation and entrench sustainability to empower businesses to thrive in a rapidly changing world.

Businesses of all sizes can embrace social procurement. Intermediaries can play a crucial role in facilitating connections and educating companies on these opportunities. Long-term partnerships with social enterprises offer significant benefits for both parties. Let’s work together to build a more sustainable and equitable future where businesses are a force for good.

The author is Alexandra van der Ploeg, Head of Global Corporate Social Responsibility at SAP

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ORLANDO��— At its annual 51����Sapphire conference, 51����unveiled generative AI innovations and partnerships that showcase how the company is taking business to the next level in the era of AI.

By infusing Business AI across an enterprise cloud portfolio that powers the world’s most mission-critical processes and partnering with companies pushing the edge of what’s possible with AI, 51����is igniting a new wave of insight and ingenuity in global business.

“The Business AI innovations we’re announcing at 51����Sapphire in 2024 will redefine the way businesses run,” says Christian Klein, CEO and member of the Executive Board of 51����SE. “Today’s AI announcements and partnerships build on our commitment to deliver revolutionary technology that drives real-world results, helping customers unleash the agility and ingenuity they need to succeed in today’s fast-moving business landscape.”

AI That Means Business

As 51����embeds Business AI across its enterprise solutions, it puts rich insights at users’ fingertips, empowering them to deliver better outcomes and elevate the creative problem-solving humans do best. Examples include AI-generated reports in 51����SuccessFactors solutions that give people managers responsibly sourced insights for compensation-related discussions as well as forecasting capabilities in 51����Sales Cloud solutions that predict combinations of salespeople and products most likely to drive sales. Meanwhile, the 51����Business Technology Platform is adding large language models from Amazon Web Services, Meta and Mistral AI to its generative AI hub. This capability in the 51����AI Core infrastructure makes it easier to build generative AI use cases for 51����applications.

SAP’s generative AI copilot Joule, which quickly sorts and contextualizes data from multiple systems to advance automation and improve decision-making, is expanding throughout the company’s solution portfolio. Joule launched in��51����SuccessFactors solutions last fall��and is now embedded into 51����S/4HANA Cloud solutions and others including 51����Build and 51����Integration Suite. Further expansion by year-end will include 51����Ariba and 51����Analytics Cloud solutions. At Sapphire, 51����also announced��plans to further broaden Joule’s scope��by integrating it with Microsoft Copilot to surface even richer insights. This deep, bi-directional integration gives users a unified experience built right into the flow of work, enabling seamless access to information from interactions with business applications in 51����and Microsoft 365.

Reflecting Business AI’s increasing importance, 51����is redoubling its commitment to the principles of relevant, reliable, and responsible AI it pioneered. At Sapphire, 51����is adopting the 10 guiding principles of the UNESCO Recommendation on the Ethics of Artificial Intelligence, which aim to ensure that AI technologies are developed and used in ways that respect human rights, promote fairness and contribute to sustainable development.

Partnerships That Scale Innovation

51����is partnering with best-in-class technology leaders to push the limits of what generative AI can do at an enterprise level. In addition to our expanded collaborations with��AWS��and Microsoft, partnerships with Google Cloud, Meta, Mistral AI and NVIDIA ensure 51����can harness the power of AI-ready technology to innovate at speed and deliver richer real-world results.

Google Cloud

51����and Google Cloud are expanding their partnership, using Business AI to help enterprises better predict and mitigate supply-chain risks to minimize disruptions and maintain optimal inventory levels. The companies will integrate Joule and the 51����Integrated Business Planning for Supply Chain solution with Google Cloud’s Gemini models AI assistant and Google Cloud Cortex Framework’s data foundation.

Meta

51����will leverage Meta Llama 3 to generate scripts that render highly customized analytics applications in 51����Analytics Cloud. Meta’s next-generation AI model excels at language nuances and contextual understanding, making it an ideal candidate for translating enterprise business requirements into tangible outcomes.

Mistral AI

51����will also add��new large language models from Mistral AI, a global company headquartered in Paris specializing in generative AI, to the generative AI hub capability in 51����AI Core.

NVIDIA

51����and NVIDIA Corporation advance a����to embed cutting-edge technologies into enterprise-ready business applications:

• As 51����trains Joule to serve as an AI assistant for the RISE with 51����solution implementations, NVIDIA’s state-of-the-art AI models sift through 51����consulting assets to provide relevant and precise answers to implementation-related questions;
• As 51����embeds Joule in the ABAP Cloud model to generate ABAP code for 51����developers, NVIDIA’s accelerated infrastructure will run, scale, and manage SAP’s generative AI model for ABAP code generation;
• As 51����infuses generative AI into the 51����Intelligent Product Recommendation solution, NVIDIA Omniverse Cloud APIs enable the simulation of complex manufacturing products and configurations as industrial digital twins.

Cloud Technology That Drives Agility and Sustainability

Business success in the era of AI means being in the cloud. 51����is making the move easier than ever with initiatives that help customers find partners with the expertise needed for complex 51����S/4HANA Cloud transformations. Further cloud innovations at 51����Sapphire include features that help the world’s organizations measure, manage and execute their sustainability strategies. 51����Sustainability Control Tower and 51����Sustainability Footprint Management solutions now track carbon footprints at scale and help businesses meet regulatory standards.

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This collaboration not only presents a unique licensing model and cost-effective pricing for end-customers but also signifies a commitment from CensaNext to managing the shared infrastructure, ensuring startups experience the full potential of 51����S/4HANA. The collaboration aims to redefine the ERP landscape for startups, offering them a tailored pathway to growth without the traditional hurdles associated with digital transformation.

Commenting on the occasion, Mr. Avinash Kasinathan, CEO – CensaNext, said “Our collaboration with 51����marks a significant milestone in our commitment to providing cutting-edge technology solutions to small enterprises and startups. By becoming a Partner Managed Cloud provider of 51����S/4HANA, we empower emerging businesses with a robust ERP foundation from the early stages, lowering TCO, and eliminating the need for complex transformations as they scale. This collaboration is a testament to our dedication to fostering innovation and efficiency in the startup ecosystem.”

Adding to this, Sanket Deodhar, Vice President, Digital Natives & Start-ups, 51����India said, “We are delighted to team up with CensaNext to democratize a unique, curated offering built by CensaNext, powered by 51����S/4HANA, for small enterprises and start-ups globally. The collaboration reflects our shared commitment to driving digital transformation and empowering small enterprises and start-ups with world-class ERP capabilities. With its parent company – WayCool Foods’ expertise in agri-tech and food value chain, CensaNext will be able to bring more value, through its unique IP, to the end-customers.”

Through the 51����Partner Managed Cloud model, CensaNext��envisions a co-branded offering that extends the reach of 51����S/4HANA to small enterprises and startups worldwide. The collaboration will enable CensaNext to provide a one-stop solution to manage both application and infrastructure, ensuring a seamless and efficient experience for customers embracing the power of SAP’s cutting-edge technology. By adopting 51����S/4HANA from the outset, through a flexible subscription model, customers can eliminate the need for interim solutions and the complexities associated with migration as they scale. This forward-looking approach ensures a smooth and cost-effective transition for companies that choose to grow with 51����at the core of their operations.

About CensaNext: Censa provides a unified tech platform that brings complete, real-time visibility and controls across the supply chain, be it in terms of demand planning, growing, managing inventory, sales force automation, distribution, and credit management. These solutions can help address the major challenges faced by the food and agri sector. Its suite of solutions comprises digital solutions, automation and analytics that deliver actionable insights to help stakeholders (farmers, processors, brands, distributors, or their retailers) efficiently govern their business with easy decision making.

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Bengaluru, August 02, 2023– 51����India, in collaboration with Zinnov Digital, today launched new research revealing that Indian startups are increasingly seeing enhanced benefits by adopting a robust digital core on the cloud. Remarkably, over 80% of start-ups in the Enterprise Tech, Health Tech, Retail, Logistics & AutoTech sectors have reported a substantial increase in revenue, underlining the significant positive impact of enterprise applications on start-up performance and success.

Titled ‘Driving the next phase of sustainable growth for Indian Start-ups in 2023 and Beyond,’ the study of 115 startups also suggests that start-ups will continue to invest in enterprise technology platforms, driven by their proven ability to deliver business outcomes and ROI. Some of the key benefits of enterprise applications include top-line acceleration and control on the bottom line, quick revenue recognition, and handling complex billing based on contracts and consumption for differentiated service lines.

Announcing the findings of the survey, Sanket Deodhar, Vice President- Digital Natives and Startups, 51����India, said, “Indian start-ups today require adequate tech infrastructure to help them diversify business, scaling up operations and acquisition and retention of the right talent. Mission-critical Enterprise Resource Planning (ERP) systems on cloud are powerful enablers that provide valuable insights and direction to navigate any challenges, and accomplish their goals, including attracting investors, fair valuations and retaining a competitive edge.”

Key findings from the report:

Best-run start-ups run on a modern digital core

• Technology remains centre stage, influencing how startups grow sustainably.
• ~74% of startups in India have reported direct benefits from implementing enterprise applications.
• 24% of startups believe that achieving maturity in their business model, driven by robust technological capabilities and scalable operations, plays a crucial role in attracting investors.
• About 68% of respondents reported a strong growth in revenue after adopting enterprise technology solutions, leading to an increase in their valuations.

Enterprise tech on the cloud is the future enabler

• Start-ups will continue to prioritize enterprise technology as a critical aspect of their investment to navigate the next phase of growth and development.
• 37% of the start-ups plan to increase their spending on enterprise applications by more than 15% in 2023.
• 81% of startups cited automation and standardization of processes across divisions, with faster customizations as the primary benefit being derived by hosting enterprise applications on the cloud.
• Adoption across the public cloud is set to grow by 2X, whereas the private cloud promises a ~50% increase in adoption, indicating a high focus for start-ups to shift their workloads to the cloud.

Addressing Challenges, Indian startups stay resilient.

• Despite the funding winter and dynamic market conditions, Indian startups continue to grow and there is no sign of investments slowing down for high-performing start-ups in the coming years.
• More than 75% of start-ups point towards metrics such as revenue generated in the past year, product and service margins, and market share based on traction, for determining valuations.
• 81% of start-ups reported customer sentiment as one of their biggest business concerns, indicating the importance of customer acquisition, experience, and servicing metrics.
• 70% of respondents noted that Partner evaluation and lack of in-house knowledge to manage remain the top challenges for start-ups while implementing enterprise application solutions.

Commenting on the study, Sidhant Rastogi, Managing Partner at Zinnov Management Consulting, said, “In 2022, Indian start-ups faced significant challenges due to market headwinds and reduced valuations. As we enter 2023, we remain optimistic that investment in the right technology and organizational augmentation can help start-ups navigate the economic slowdown caused by the recession and other macroeconomic factors. By doing so, they can ramp up valuations and revenue and achieve sustained growth.”

About SAP

SAP’s strategy is to help every business run as a sustainable, intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 87% of the world’s total global commerce touches an 51����system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into sustainable, intelligent enterprises. 51����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 – 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����helps the world run better and improve people’s lives. For more information, visit .

About Zinnov

Founded in 2002, Zinnov is a global management and strategy consulting firm in New York, Santa Clara, Houston, Seattle, Bangalore, Gurgaon, Paris, Tokyo, and Pune. With a team of experienced consultants, subject matter experts, and an extensive advisor network, Zinnov assists Software companies, Global System Integrators, Enterprises, and Private Equity firms in developing actionable insights that help them create value – across dimensions of revenue and optimization.

For media inquiries, please contact:

51����India
Deepika Gumaste: deepika.gumaste@sap.com

Genesis BCW
Shristi Mahnot: Shristi.Mahnot@genesis-bcw.com

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This is the first time that Visa and 51����will join forces to explore embedded finance in the B2B market through 51����BTP to offer convenient B2B payment services to 51����customers. Many businesses in Asia Pacific, especially smaller ones, lack the resources to digitalize B2B payment acceptance and are unable to accept commercial card payments. Through this collaboration, the B2B payment services running on 51����BTP will inject more automation into payments and help enterprises drive further efficiency in their purchasing as they make payments securely with just a few clicks.

“The movement of money is becoming increasingly digital, but the bulk of transformation has been focused on the consumer space,” said Stephen Karpin, Regional President, Asia Pacific, Visa. “Our collaboration with 51����is an exciting step in making B2B payments simpler and more intuitive as organizations can make payments immediately on 51����software platforms with their Visa corporate cards, instead of having to leave their existing enterprise ecosystem and navigate the different payment methods that their vendors accept. B2B payments need to be intuitive and fuss-free, so organizations can maximize time and resources on other aspects of their businesses.”

51����BTP provides a secure innovation platform to allow Visa and 51����to help bridge working capital gaps in the supply chain. Under its suite of Commercial and Money Movement Solutions, Visa will deliver capabilities through 51����BTP to route commercial payments to all suppliers, whether or not they accept card payments. Businesses that are Visa cardholders will be able to make payments seamlessly and utilize their cardholder benefits both domestically and cross-border. Businesses will no longer need to resort to manual and time-consuming payments, such as cash and cheques, reducing the time needed to process and complete transactions and increasing cash flow for both payers and suppliers.

“Our collaboration with Visa endeavors to streamline and simplify the B2B payment process and drive further efficiencies for our joint customers,” said Paul Marriott, President, Asia Pacific Japan, SAP. “Embedding Visa payment solutions into the 51����ecosystem aims to scale and accelerate digital commerce, together empowering enterprises – from small businesses to government agencies and nonprofit organizations – to make secure payments quickly, transforming the last mile of procurement.”

The embedded finance solution will be offered initially to 51����customers in Australia, India, Japan, Malaysia, Singapore, Thailand and Vietnam, with plans to roll out across other markets in the region.

Media Contact:

Deepika Gumaste , +91 9769933345, deepika.gumaste@sap.com

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Mumbai, India— January 18, 2023 — (NYSE: SAP) today launched new research revealing that Indian businesses are increasingly seeing financial benefits from sustainability. The global Environmental Sustainability Study of 6500+ business leaders, including 400 from India, is the second edition of SAP’s annual report which explores the motivations and barriers organisations face as they look to boost sustainability in their companies.

Environmental activism (45%) is the biggest motivating factor for organizations to take environmental action, with revenue and growth opportunities (34%) and customer demand (33%) trailing behind. Yet Indian organisations risk losing out if they are unable to place data at the heart of their sustainability strategy.

“If India is to advance towards a more sustainable future, businesses must do their part and embrace sustainability as a holistic approach to get there,” said Kulmeet Bawa, President & Managing Director, 51����Indian Subcontinent. “It is clear sustainability is no longer about brand reputation or ethics – there is a defined connection between profit and purpose.”

Key findings from the study:

Linking sustainability goals with business strategy

• 37% of Indian businesses say a lack of environmental strategy is holding them back.
• 35% of respondents point towards difficulty proving a return on investment.
• Embedding sustainability goals within larger business strategy, measuring, and recognizing progress will be crucial to success and driving long-term value.

Data is critical to drive meaningful change

• 31% of businesses rely solely on assumptions and estimates to assess the environmental impact of their supply chain.
• 46% of businesses say they don’t have complete visibility over the sustainability metrics of their external supply chain.
• Collecting and analysing high-quality data has emerged as a critical issue and a major stumbling block in the measurement process.

Making sustainability profitable and profitability sustainable

• 59% of Indian leaders now believe that there is a positive relationship between environmental action and profitability.
• Almost half (48%) of Indian businesses now believe addressing environmental issues will be material to business results within the next five years.
• 51����found 76% of businesses said that their stakeholders would be moderately or highly tolerant of reduced profitability in pursuit of their organisation’s sustainability goals – indicating leeway to invest in positive sustainability outcomes.

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Industries can leverage technology to counter environmental challenges and make the world a better place, Susanna Hasenoehrl, head of sustainability, Asia-Pacific and Japan, SAP, highlighted in a special talk titled, How technology is accelerating sustainability today at the 51����presents Mint Sustainability Action Summit 2022.

Sustainability and Climate Change

About 80% of people have already experienced periods of climate change through extreme weather events, according to a recent survey. Yet, a 51����research found that six in 10 businesses think sustainability will only become financially relevant more than five years from now. This, Hasenoehrl felt, does not reflect reality. “There is a direct link between the health of our environment, the health of our society, and the health of our economy. That is particularly true in India. India’s impressive growth depends not only on investment and people but also on nature. A third of India’s economy is highly dependent on nature and another 30% is intermittently nature dependent, a study by World Economic Forum and PwC shows,” she said.

The Indian economy has seen unprecedented growth and the country is on the path to becoming a $5 trillion economy. We must be mindful that this growth does not come at the cost of sustainability.

“The challenge for businesses is to make sustainability profitable and profitability sustainable. Companies with high environmental social and governance performance outperform their peers by more than 3.7 times over seven years, Accenture research shows,” Hasenoehrl said.

51����– Sustainability and Beyond

51����has been working on sustainability for more than a decade. In the Asia-Pacific and Japan region, 51����has set an ambitious target of helping their customers reduce one billion tonnes of carbon emissions by 2025. “At first, we were focused on our own operations, our very own data centres, which have been running on renewable energy since 2014. 51����has ranked top of the Dow Jones Sustainability Index for software companies for the past 15 years. We’re also enabling our customers to be more sustainable. By working with just 1% of our customer base, we can help address up to 20% of the emission reductions that are necessary to achieve the 1.5 degrees Celsius climate targets,” she explained.

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All of us are experiencing the impact of climate change. Sustainability is the single most important human mission for this century,” Kulmeet Bawa, president, and managing director, SAP, Indian Subcontinent, said in a welcome note at the inaugural Mint Sustainability Action Summit 2022.

Yet another London-based thinktank said India can lose 3-10% of gross domestic product annually by 2100 and the poverty rate may rise by 3.5% in 2040 due to climate change.

The statistics are startling, but the question is how can we bring about change? he said. “Today, a very significant majority of consumers, especially in the younger generation, are changing their purchase preferences based on sustainability. But, surprisingly, a lot many businesses are yet to sense the winds of change and realise that being environment conscious is no longer a matter of choice.”

India’s focus must be to transition to clean energy to bring down 33% greenhouse gas emissions, and transition to green transport, which can help us reduce 13.5% of carbon dioxide emissions from the current transport ecosystem, and adopt a circular economy, Bawa added.

The need of the hour is a cross-industry collaboration, rapid innovation, and fasttrack approach to bring our ideas to life, and start measuring and recording the sustainability to ensure the efforts are being directed in the right direction.

“Technology will definitely be playing a very crucial role in order to address these challenges and the rapid digitization that businesses are undergoing will definitely help our economy and the society at large. From an 51����standpoint, we are clearly walking the talk, and that, too, at a very fast pace. Over the last two years, we have reduced our carbon emissions by 55% in our company, our e-waste has come down by 46% and we have brought down our energy consumption,” Bawa said.

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