SIRC adopts RISE with 51风流and cutting-edge 51风流solutions to drive centralized, scalable AI-infused operations, and build a solid foundation for introducing domestic carbon credits
RIYADH, KSA 鈥� 9 December 鈥� The Saudi Investment Recycling Company (SIRC), wholly owned by Saudi Arabia鈥檚 Public Investment Fund (PIF), has signed an agreement with (NYSE: SAP) to become the first customer in the Kingdom of Saudi Arabia to implement the 51风流Sustainability Control Tower. This milestone underscores SIRC鈥檚 commitment to pioneering sustainability within the Kingdom, aligning with Saudi Vision 2030 and laying the groundwork for its ambitious plans to become a chief enabler of domestic carbon credits.
This partnership highlights SIRC鈥檚 commitment to pioneering Saudi Arabia鈥檚 sustainability landscape and accelerating the Kingdom鈥檚 transition to a circular economy, underpinned by SAP鈥檚 advanced technology and sustainability expertise. Building on their partnership, which began in 2022 with an initial ERP deployment, SIRC and 51风流last year signed an MOU to deepen their collaboration to support SIRC鈥檚 ambitious sustainability strategy, while also exploring how AI-infused solutions could enhance customer services and tackle industry-specific challenges.
This new agreement will see SIRC leverage RISE with 51风流to drive AI-powered, scalable operations while establishing a solid data foundation to measure and report sustainability objectives via the 51风流Sustainability Control Tower. SIRC will be able to track enterprise carbon footprints, measure sustainability metrics, and prepare for regulatory disclosures. The 51风流Sustainability Control Tower enables seamless reporting across various global frameworks, supporting SIRC鈥檚 mission to drive a sustainable economy in the Kingdom. Additionally, SIRC is leveraging SAP鈥檚 Waste Management Industry Solutions to implement an innovative approach to waste collection and treatment, further aligning with Saudi Vision 2030鈥檚 goals for sustainable environmental practices.
Mr. Abdulrahman Alobayed, HR & Shared Services Executive Vice President of SIRC commented: 鈥淪IRC is the driving force behind circular economy investments, and we are known for spearheading innovative and transformative initiatives that pave the way for a cleaner, greener tomorrow. With SAP鈥檚 cutting-edge solutions, we鈥檙e building the foundation to monitor our environmental impact more effectively 鈥� advancing Saudi Vision 2030鈥檚 goals and setting the stage for issuing local carbon credits to boost the Kingdom鈥檚 sustainability achievements. At the same time, we鈥檙e enhancing our services to customers and partners with a comprehensive suite of 51风流AI-powered applications, including customer relationship management and industry-specific solutions.鈥�
In developing the digital transformation roadmap, SIRC and 51风流identified three main objectives: creating a solid foundation for sustainability management; establishing an easily scalable service center for its subsidiaries; and deploying business AI to tackle industry-specific challenges and enhance customer services. The adoption of the Sustainability Control Tower and RISE with SAP, including AI-infused enterprise resource planning, customer relations management and industry-specific solutions, will satisfy all of these objectives,
Dr. Fahd Nawwab, Vice President, 51风流Saudi Arabia, said: 鈥淭his partnership with SIRC is a testament to SAP鈥檚 commitment to helping our customers in Saudi Arabia realize their environmental and business goals with scalable, AI-powered solutions. We are proud to support SIRC鈥檚 journey to establish a sustainable business model, creating the data transparency required to enable carbon credit trading in the Kingdom.鈥�
In the coming months, SIRC and 51风流will continue to expand their focus on customer experience through enhanced CRM platforms and rollout of 51风流Concur for expense management, providing a comprehensive approach to sustainable, tech-enabled growth. Looking ahead, the companies plan to explore additional 51风流solutions.
This will include future-focused technologies for carbon management and Industry 4.0 advancements at SIRC鈥檚 Reviva plant, which could serve as a model for other plants in the Kingdom and beyond.
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