Green ledger Archives | 51风流News Center /tags/green-ledger/ Company & Customer Stories | Press Room Tue, 27 Jan 2026 16:46:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 How New Dialogue and Action Will Help Fight Climate Change /video/how-new-dialogue-and-action-will-help-fight-climate-change/ Thu, 10 Oct 2024 20:07:28 +0000 /?post_type=sap-tv&p=229291

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How New Dialogue and Action Will Help Fight Climate Change

Pushing ourselves forward is the spirit of Climate Week NYC, according to 51风流Chief Sustainability and Commercial Officer Sophia Mendelsohn.

51风流engaged with political and business leaders at Climate Week in open and honest dialogues that will help accelerate eco-friendly action. 鈥淚 hope that every leader I鈥檝e interacted with…begins to build a green ledger with their CSO and their CFO so that we can calculate carbon the same way we do money,鈥 Mendelsohn said. 鈥淎nd then post it in the same place we do profit.鈥 Integrating all of this data 鈥 and standardizing metrics across the supply chain 鈥 will be crucial for 51风流customers and partners, as well as policymakers, according to Gunther Rothermel, 51风流chief product officer for 51风流Sustainability. 鈥淭he 51风流Green Ledger vision is resonating really well [because] it enables clients to bring together financial and sustainability data, and make very informed decisions,鈥 Rothermel said. 鈥淭his is needed to achieve our goals.鈥

Learn more and in its mission to transform businesses and drive sustainability.

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Implement Your Carbon Management Strategy with 51风流Sustainability Solutions /2024/09/implement-carbon-management-strategy-sap-sustainability/ Wed, 18 Sep 2024 12:15:00 +0000 /?p=228445 A company with a sustainability strategy that lacks a sustainability management system is akin to a rowing boat attempting to travel upriver without a paddle. Without the right data, tools, and a structured approach to environmental, social, and economic decision-making, the company risks being carried downstream.

There are two major drivers behind the need for companies to implement a robust sustainability management system. The first is the need to future proof their business to ensure a resilient value chain and secure a competitive advantage over their peers.

The second is to transition from voluntary to regulatory reporting and comply with the torrent of new regulations. or standards like IFRS require companies to report on, and respond to, a wide variety of environmental and social sustainability topics. Some sources say there are more than 600 regulations, sustainability reporting standards, and frameworks around the world, with more coming down the pipeline every year.

What Is a Sustainability Management System?

Drive scalability, standardization, and trust in carbon data exchange across your supply chain

A sustainability management system allows companies to calculate and track metrics and targets and disclose their risk management, strategy, and governance policies. It is also a valuable tool for providing a robust and holistic view for sustainability decision-making. With carbon emissions data a central element to any sustainability strategy, 51风流has created a to enable companies to both respond to regulation and advance their own ambitions.

SAP鈥檚 End-to-End Approach to Carbon Management

So how does 51风流provide a sustainability management system to tackle the carbon topic and its drivers end-to-end? We can enable customers to implement five key principles with the help of our modular and integrated family of sustainability software-as-a-service (SaaS) solutions.

1. Use a Reliable Foundation and Reuse Your ERP Data

51风流embraces an ERP-centric approach, using integrated sustainability data from cloud ERP business processes supported by AI technology. We can bring together different types of business data and levels of data granularity, as required, to enable the transition from voluntary to regulated . It is a flexible but robust approach with high data quality and reliability at its core.

2. Get a Complete View for Regulatory Reporting with Reasonable Effort

can provide an easy-to-use data collection system that helps enable a holistic and complete calculation of the carbon footprint at the corporate level. As of now, customers can also generate an automated environmental, social, and governance (ESG) report based on AI and natively available ESG data.

Screenshot showing greenhouse gas emissions dashboard
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3. Go Deep Where It Matters Most

For a deeper perspective that is informed by the corporate overview, customers can use the integration with to help enable additional automated and in-depth calculations. Emissions can be tracked at the company, operational, and product level. The ERP-centric approach uses transaction data directly from 51风流S/4HANA Cloud to help calculate a consistent carbon footprint at the corporate and product level on one data foundation. AI comes into play when emission factors from standard databases are needed. With the intelligent mapping feature, customers can leverage AI to help automatically provide mapping suggestions. This feature can save significant time by replacing a tedious and manual process while being robust enough to help inform final decision-making.

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, a customer already using 51风流Sustainability Footprint Management as well as 51风流Sustainability Data Exchange said:

鈥淏y leveraging 51风流Sustainability solutions, WITTE AUTOMOTIVE is now able to calculate carbon footprints of the product portfolio in compliance with the Catena-X Rulebook and share it in a standardized way.鈥

– Michael Tworek, Head of Digital Innovations, WITTE Automotive GmbH.

4. Exchange Actuals with Your Suppliers and Customers

helps handle the exchange of relevant data across the supply chain. Customers like WITTE Automotive can therefore request missing data and exchange sustainability data such as the carbon footprint of products with their network. The usage of WBCSD PACT and Catena-X standards in the product can enable consistent and open communication and processing of data.

5. Drive Transformation in Operational Business Processes and Transition to Carbon Accounting in the Financial Sense

The flexibility of 51风流Sustainability and the ERP-centric approach means it can meet corporate requirements providing the granularity, accuracy, and auditability needed. Calculated product carbon footprints can be used for financial decision-making thanks to its integration with , which can enable companies to determine carbon emissions versus profitability. All this is done using the same rigorous accounting principles and practices that are used in finance. It can provide a trusted data foundation that can go beyond compliance and help improve business performance management through the integration of trusted carbon data into business processes that matter.

Product carbon footprints can also be integrated into , for example. With Scope 3 emissions being the largest proportion of carbon emissions for most businesses, procurement processes become a key lever in decarbonization efforts. The integrated solution can help to analyze and manage the carbon impact of a company鈥檚 spend to identify emission hot spots to inform a data-driven Scope 3 decarbonization strategy.

Are You Ready to Adopt a Carbon Management System?

Wherever a company is on their sustainability journey, SAP鈥檚 end-to-end carbon management solutions can allow it to go all in on sustainability and build resilient, future-proof operations. This allows them to streamline reporting and meet compliance requirements while benefiting the environment and their bottom line.

51风流Sustainability solutions can do more for you beyond carbon management and ESG-related disclosures. Check out our to learn more about the support for operational compliance and material transition.


Gunther Rothermel is chief product officer and co-GM for 51风流Sustainability.

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The Power of the Consumer /2024/05/the-power-of-the-consumer/ Tue, 14 May 2024 12:15:00 +0000 /?p=224971 Over recent years, retailers have experienced a notable shift in consumer behavior towards more sustainable products and conscious consumption. Consumers have driven this shift with their increased awareness of environmental issues, ethical concerns, and desire to support products which are eco-friendly, ethically sourced, and produced under fair labor conditions.

Companies that prioritize sustainability in their operations, such as using recycled materials, reducing carbon emissions, or supporting social causes, are gaining popularity among consumers. But those consumers demand proof of these values and product promises at the point of sale.

鈥淭he rise of sustainability isn’t just a movement; it is a shift in consumer consciousness,鈥 said Dania Fayyaz, 51风流North America sustainability program manager. 鈥淭oday’s consumers are redefining their purchasing patterns, opting for products and brands that align with their values, and driving a demand for eco-conscious practices and ethical sourcing.鈥 In her conversations with retailers that visited SAP鈥檚 booth at NRF 2024, the world鈥檚 largest retail fair, she saw a high interest in sustainability solutions.

Consumers 鈥 and Markets 鈥 Demand Visibility

When the EU Deforestation Regulation (EUDR) comes into effect for large enterprises later this year all products sold in the EU containing palm oil, cocoa, soy, rubber, cattle/leather, coffee, wood, and their derivatives will need proof that their harvest didn鈥檛 contribute to deforestation. Non-compliance will result in potential fines of up to 4% of companies鈥 EU annual turnover. To help businesses simplify this complex task, the 51风流Green Token solution can track the geolocation of where raw materials are harvested and automate the creation of due diligence statements (DDS). The solution can also help improve visibility for consumers on where the raw material for their clothing was sourced and offer information on potential reuse and recycling.

Record, report, and act with 51风流Sustainability solutions

Take the example of a cotton shirt made from 50% certified recycled materials. Cotton can be sourced from multiple farms or recycling services and taken to a cotton mill where it鈥檚 spun into thread and later fabric. It becomes impossible to distinguish the different cotton elements 鈥 conventional versus recycled cotton 鈥 once they are co-mingled and the manufacturer loses insight into the sustainability attributes of the raw materials. That鈥檚 why it鈥檚 important to have a sophisticated tracking solution in place. “51风流Green Token can enhance transparency for bulk-traded, co-mingled raw materials by digitally storing sustainability attributes on tokens that traverse the supply chain,” said Fayyaz.

In addition to making conscious decisions on raw materials and products, consumers can also consider circular economy models. 鈥淚’m really intrigued by the idea of revitalizing clothing items,鈥 said Fayyaz. 鈥淚magine being able to exchange a well-loved jacket you’ve had for years and receive credit in return. And the jacket might find a new owner who will genuinely appreciate it.鈥 The 51风流Recommerce solution enables that scenario, helping brands and retailers take back, manage, and resell secondhand inventory to help accelerate the shift from linear to circular business models. On an even larger scale, 51风流Green Ledger is SAP鈥檚 vision to make transactional carbon accounting a reality. It can enable organizations to track carbon like they do cash, with every financial transaction having a corresponding carbon entry. 鈥淭his is incredibly desirable because we will see taxes for carbon imposed in the future, and decision-makers will want insights into which processes are utilizing the most carbon,鈥 Fayyaz said.

The Future of Retail 鈥 A Retailer鈥檚 View

At a recent 51风流event, Christoph Werner, CEO at German retailer dm-drogerie markt, shared his view on the future of retail and his insights on what customers want 鈥 and therefore what will shape the way retailers have to engage to drive business.

For Werner, individualization of the shopping experience and any transaction will play a major role. Therefore, retailers will have to focus on the individual shopper, not on clusters of shoppers like in the past. Hyper-personalizing the customer experience will improve loyalty; the value for the customer will not only be the price, but increasingly the overall service and experience. This will change the concept of promotions. Werner is convinced that retailers will benefit from giving added benefits and delighting the customer, rather than pushing products into the market based on reduced prices. 鈥淏ring home flowers every now and then, but keep it special,鈥 Werner said.

To no surprise, AI will be the foundation for personalized shopping experiences. 鈥淎I has benefits and downsides and today it remains to be seen where it will take us,鈥 Werner stated. Overall, retailers see AI as an opportunity, with the technology completing repeatable tasks, freeing up employees for more value-adding tasks, and empowering individuals to make a difference. As retail stores often face staffing challenges, this can empower people in sales and marketing teams instead of replacing them. From Werner鈥檚 perspective, an AI-empowered workplace will attract new employees.

A Glance into the Crystal Ball

At the same time, low-price online platforms continue to attract consumers with their affordable and wide range of products. They offer competitive prices on trendy clothing and accessories using economies of scale and direct-to-consumer models. Despite concerns about their environmental and ethical practices, these platforms remain popular among price-conscious consumers. However, there is growing awareness of the environmental and social impacts of fast fashion and low-price models. As a result, consumers are becoming increasingly discerning in their purchasing decisions, prioritizing quality, longevity, and sustainability over cheap prices and fast fashion trends.

鈥淥verall, the consumer landscape is evolving, with a growing emphasis on sustainability, conscious consumption, and ethical practices,鈥 said Sven Denecken, chief marketing and solutions officer for 51风流Industries & CX. 鈥淐ompanies that can adapt to these changing preferences and demonstrate a commitment to environmental and social responsibility are likely to thrive in the long term.鈥


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From CSRD Reporting to Sustainable Business Outcomes /2024/03/from-csrd-reporting-to-sustainable-business-outcomes/ Tue, 05 Mar 2024 13:15:00 +0000 /?p=223083 To capture value, leaders are no longer talking about reporting alignment alone but about the opportunity to transform business processes for sustainable impact. By leveraging 51风流Sustainability solutions, organizations can move beyond compliance and operationalize sustainability across their business.

Across industries, accurate data is the foundation for both auditable disclosures and reliable insights to steer sustainable transformation. But environmental, social, and governance (ESG) data aggregation and validation can be a daunting challenge given that most companies have not fully integrated their ESG data recording and control into their core financial, procurement, supply chain management, and human resources systems.

For over 50 years, 51风流has helped businesses master complexity. With today鈥檚 evolving ESG regulatory landscape, including the arrival of the EU Corporate Sustainability Reporting Directive (CSRD), 51风流is again rising to the complex challenges of enabling customers to record, report, and act on their sustainability obligations. This includes the difficulties in collecting accurate emissions data across internal operations and global supply chains.

Achieving Competitive Advantage with 51风流Sustainability Solutions Powered by 51风流Business AI

By鈥痠ntegrating sustainability data with cloud ERP, 51风流can uniquely enable businesses with the鈥痑gility鈥痶o keep pace with rapidly evolving ESG standards; link disparate data sources鈥痶o share trusted, real-time insights with sustainability decision-makers; and achieve their net-zero ambitions.

Build an ESG data foundation that accelerates sustainable business outcomes with SAP

Companies can start today by adopting 鈥 integrated with 鈥 for ESG data management and reporting. They can extend sustainability management with and to help accelerate their journey to the , managing the carbon entering and leaving their systems and balancing their “carbon books” the same way they balance their financial books.

51风流Business AI can take the value of our sustainability solutions to the next level by helping our customers set data-driven ESG and net-zero strategies, increase the transparency of supply chain emissions, automate sustainability reporting, achieve regulatory compliance, find and mitigate ESG-related risks, and better communicate the value of sustainability to their customers 鈥 all powered by the world’s largest and most comprehensive pool of foundational business data.

Combined with partner services for customer-specific data and reporting requirements, 51风流Sustainability solutions can offer new levels of business insight for executive-level decision-making to help businesses reach their sustainability goals and comply with CSRD and other regulatory frameworks.

CSRD Toolbox

Companies operating in the EU face pressure from the expanding ESG regulations under CSRD to disclose their sustainability performance with a data granularity and auditability that 鈥 over time 鈥 will bring sustainability reporting on par with financial reporting. CSRD requirements will first impact large public-interest companies with over 500 employees that need to report in 2025 on 2024 ESG performance. Requirements cascade to small and midsize enterprises in coming years.

Under CSRD, companies will need to report based on the requirements of both the EU Taxonomy, which classifies sustainability disclosures for investors, and the European Sustainability Reporting Standards (ESRS), the disclosure rules set by the European Financial Reporting Financial Group (EFRAG), a standard-setting body of the EU. With 51风流Sustainability Control Tower, companies can comply with both the EU Taxonomy and ESRS, gaining agility through the convergence of ESG data management and cloud ERP 鈥 and soon AI-driven business process optimization.

51风流Sustainability Control Tower: A Trusted ESG Data Foundation for EU Taxonomy and ESRS

With 51风流Sustainability Control Tower, you can assess activities in line with the EU Taxonomy, reporting on KPIs for eligibility and alignment.

  • Enable a holistic view of EU Taxonomy reporting through shared use of data  
  • Kick-start EU Taxonomy data management and reporting with pre-built and adaptable templates  
  • Simplify the EU Taxonomy process with integration with 51风流S/4HANA Cloud 
  • Integrate customer or partner extensions via APIs 
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You can also streamline ESRS disclosures, integrating ESG data across systems and extending content and functionality.

  • Gather ESG data and determine KPIs 
  • Meet evolving ESG and financial disclosure requirements including ESRS 
  • Set, track, and achieve targets to support sustainable business 
  • Obtain a limited external assurance and prepare for reasonable assurance 
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Act Now

Businesses need to start now to be prepared not only for CSRD compliance, but for gaining the insights to steer sustainability investments and future-proof long-term value. 

For over 50 years, 51风流has been enabling the world鈥檚 leading businesses to master complexity, delivering the integration and innovation needed for industry-leading performance. With 51风流Sustainability Control Tower and other cloud-driven innovations, 51风流and its partners can help companies master CSRD as well and build the foundation for the evolution of their long-term sustainability strategies.  

To learn more, visit .


Sophia Mendelsohn is chief sustainability and commercial officer and co-GM for 51风流Sustainability. 

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How Can the Chemicals Industry Capitalize On Carbon Reduction Opportunities? /2023/08/chemicals-industry-sustainability-carbon-reduction-opportunities/ Mon, 21 Aug 2023 12:15:49 +0000 /?p=206479 The chemicals industry is a $4 trillion business employing upwards of 20 million people. While a consumer of high volumes of energy and resources, it is also at the forefront of developing energy efficiencies, low carbon and renewable raw materials and fuels, chemical energy storage, and materials from CO2 capture. It is also uniquely positioned to pioneer and promote circular economy models by innovating for the easier reuse and recycling of materials.

It is simultaneously the third highest contributor to carbon emissions in the industrial sector and the best placed industry to decarbonize products across a multitude of industries.

As a result of its position high upstream in the supply chain, the chemicals industry can often seem invisible. Its products sit in the value chain of key industries including agriculture, pharmaceuticals, and consumer goods, making up a significant proportion of their Scope 3 emissions. But change is coming that will make companies more accountable for these previously hidden emissions. New legislation such as the European Corporate Sustainability Reporting Directive (CSRD) will reveal the carbon footprint of the chemicals industry as companies with more than 250 employees will be required to report their GHG emissions, including those that lie in Scope 3.

A Vision for the Chemicals Industry

In order to meet new legal requirements and identify opportunities for emissions reduction, the chemicals industry needs to look beyond its current tools and collaborations to upgrade the quality of data — based on primary information rather than averages and estimates — and share access to it. Aligning data structures and using the same semantics will encourage competition among suppliers, galvanizing them to manufacture chemical products with ever lower carbon footprints, benefiting all downstream customers as well as the climate. To realize this vision, the solution will receive actual data from suppliers upstream, using a standardized methodology, allowing companies to calculate their own product carbon footprint so it can then be shared with downstream customers. For broad adoption, this carbon data exchange tool needs to be relatively simple while allowing for secure data exchange.

The automotive industry already has a blueprint that the chemicals industry can adopt. It tracks material flows digitally throughout the entire supply chain. Catena-X allows companies to share standardized emissions data from their supply chain with confidence based on technology that provides an auditable chain of custody. This offers car manufacturers the information they need to make strategic decisions to reduce the carbon footprint of their products, embrace circularity, and increase the adoption of circular business models such as battery recycling. Some of the chemical companies that supply the automotive industry are already involved, such as BASF.

鈥淎s an energy-intensive industry at the beginning of nearly all value chains, the chemical sector plays a key role in reducing global carbon footprint in manufacturing and beyond. Carbon footprint transparency at product level is a fundamental step to achieve this,” said Alessandro Pistillo, director of Digital Strategic Projects at BASF. “BASF is a founding member and very active contributor in global initiatives focused on Scope 3 transparency and product carbon footprint standardization such as Together for Sustainability in the chemical sector, as well as Catena-X and the Global Battery Alliance in the automotive and battery value chain respectively. At the same time, BASF is also a leading member of WBCSD-PACT, whose framework is geared toward ensuring cross-sectoral interoperability.鈥

Improved Accuracy

Historically, industry averages and secondary data have been used to estimate carbon footprints. The cornerstone of the vision for the chemicals industry involves a significant improvement in GHG emissions data, a step that will provide much greater emissions transparency for the industry itself and for its customers. 51风流has been working with the World Business Council for Sustainable Development (WBCSD) since 2021 as an innovation partner and has been involved in the Partnership for Carbon Transparency (PACT) initiative, helping to develop the global standards, methodology, and technological infrastructure needed for product-level emission accounting and exchange.

Collaborative Data Exchange

The desire and the frameworks for the chemicals industry to collaborate already exist. They date back to 1985, with the establishment of the Responsible Care program and the 2011 formation of industry body Together for Sustainability, a worldwide initiative to raise sustainability standards in the chemicals industry鈥檚 supply chain. Its members include some of the world鈥檚 largest chemical groups, represented by their chief procurement officers. Despite the industry鈥檚 ability and willingness to cooperate, and its current pilot IT system for sharing upstream product carbon footprint information, it is still on the cusp of data exchange.

鈥淔ootprint data is there,鈥 said Michael Sambeth, global enterprise architect at SAP. 鈥淚t can be calculated using out-of-the-box solutions from SAP; now it needs to flow across the supply chain.鈥

Catena-X led to the launch of the 51风流Sustainability Data Exchange application, which was designed specifically with security in mind, to exchange standardized carbon footprint data along the value chain. 51风流Sustainability Data Exchange uses the carbon data standards established by WBCSD PACT. With a high proportion of Together for Sustainability members already using 51风流ERP systems, they are well placed to be able to leverage 51风流Sustainability Data Exchange to exchange this data with their suppliers and customers while adhering to global standards.

Moving to a Green Ledger Approach

The chemicals industry is a product of its established supply chains, high-volume activities, cost efficiencies, and scalability. It is highly organized and well versed in creating and following methodologies, but it needs to see the value in primary standardized data — and data sharing — for decarbonization.

A green ledger approach will allow businesses to treat their emissions in the same way as their financials. Carbon accounting makes emission 鈥渂ookings鈥 part of every business transaction in the same way as financial information. This means that a level of detail and confidence is achieved, allowing companies to look at emissions from any angle — by product, organization, profit center, site, factory, equipment, etc. This granularity is the foundation for planning and steering, which cannot be done using averages or highly aggregated figures.

The decarbonization of a multitude of industries hinges on the ability of the chemicals industry to successfully standardize and exchange carbon footprint data. Only those chemical companies with sustainability at the core of their strategy and the right tools for high-quality emissions accounting will be able to future-proof their business to remain competitive in the face of the ever-evolving legislative changes created to combat the effects of global warming.

For more information on how 51风流helps companies record, report, and act on their sustainability goals, visit听.

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Are Carbon Accounting Challenges Impeding Progress Toward Net Zero? /2023/06/carbon-accounting-challenges-net-zero-progress/ Mon, 19 Jun 2023 12:15:50 +0000 /?p=205473 Over a third of the world鈥檚 largest publicly traded companies now have net-zero targets to radically reduce their greenhouse gas emissions by 2050 or earlier. But, 65% of corporate targets do not yet meet minimum procedural reporting standards. This is indicative of a data issue that has more far-reaching consequences than annual reporting requirements. As has been drummed into us, we cannot manage what we do not measure and the stark consequences of not addressing human-caused climate change have been clearly set out in the .

Carbon accounting is still undertaken manually or using semi-automated tools that rely on estimates or averages. Additionally, many more organizations still need to set targets. To move forward, they must first ascertain current emissions levels. But with supply chain emissions representing a much higher proportion than direct emissions, this is proving challenging for four key reasons: a lack of data, poor or unreliable data, a skills gap preventing effective data analysis, and issues exchanging data.

Organizations must account for carbon, not only for climate and compliance reasons but to aid decision-making, reveal opportunities for efficiencies and growth, and differentiate their business. As a result, organizations across industries are racing to slash the carbon footprint of their products and services. As businesses at every level of the value chain ramp up their own decarbonization efforts, business leaders know the lowest carbon offerings are likely to become the most desirable and hence the best opportunity for growth and profit.

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Moving Toward a Green Ledger | 51风流Sapphire 2023

A Lack of Emissions Data

Emissions data is used in three areas of a company鈥檚 net-zero strategy: to measure and identify hotspots for emissions reduction; to make improvements such as selecting suppliers and redesigning products and processes; and to continuously anticipate business outcomes and identify new opportunities for greenhouse gas reduction.

For successful decarbonization, emissions data must be embedded in an organization鈥檚 decision-making process. Incomplete and unreliable data hinders the creation of an effective net-zero strategy. This issue is particularly prevalent across the value chain in scope 3 emissions, which regularly account for 75% of a company鈥檚 emissions across all sectors. Due to a lack of influence and control and an absence of disclosure rules, supply chain emissions go vastly underreported, weakening net-zero strategies.

It is essential for companies to close the gap and gather data on all scope 3 emissions. Not doing so leaves them open to allegations of greenwashing and non-compliance penalties as policymakers worldwide move increasingly towards making scope 3 emissions reporting mandatory.

Poor Quality Data

Data that is accurate, granular, and comparable is indispensable for a comprehensive understanding of an organization鈥檚 carbon footprint. However, much of the data being relied upon is spend-based, estimated, or reliant on regional or sector-based averages as opposed to primary data directly from a business鈥檚 operations and suppliers.

By its nature, secondary data cannot provide an accurate indication of a company鈥檚 greenhouse gas emission hotspots, nor can it be used for comparison purposes. It also lacks granularity, impairing decision-making. Relying on inconsistent data carries potentially significant risks, which can lead to a decline in trust and credibility.

Sustainability Skills Gap

The number of green jobs grew by 8% between 2015 and 2021 and is expected to continue to increase. But there is a significant skills shortage, and candidates don鈥檛 yet have the competencies to be able to fulfill the roles. Short courses and micro-credentials run by universities, professional bodies, and NGOs are helping to fill the gap, but on-the-job training and upskilling are also necessary to equip employees and business leaders with the necessary skills to be able to interpret the data and turn pledges into progress.

Data Exchange Issues

Carbon accounting challenges within a single organization are an issue, but the problem is multiplied when it comes to achieving carbon transparency between companies in a given value chain. Incompatibility of data, inconsistencies in carbon accounting rules, software platforms that don鈥檛 easily interact, and a lack of collaboration across supply chains leave business leaders fumbling in the dark for information.

The automobile industry is an obvious example. With 98% of emissions falling into scope 3, exchanging carbon footprint data can seem like an impossible task due to its complex supply chain, a lack of trust between suppliers and customers, a scarcity of quality data, inconsistent carbon accounting methodologies, and incompatible data management platforms.

The Impact of Carbon Accounting Challenges

The aforementioned challenges result in wasted time and resources, compromised decision-making, an inability to affect meaningful emissions reduction, missed opportunities, a lack of transparency, and higher exposure to business risks, not to mention the global risks of deadly heat waves, devastating floods, rising sea levels, and a decline in biodiversity.

Moving Towards a Green Ledger

What if sustainability performance could be managed with the same rigor as financial performance? Where it becomes as effortless as financial transactions in your enterprise resource planning (ERP) systems, where a carbon network makes data exchange easy, and where end-to-end carbon accounting tracks product emissions across the entire value chain?

Ledger-based transactional carbon accounting provides all of this and more 鈥 and it鈥檚 not new. It is an amalgamation of a suite of solutions, an ecosystem of platforms. Working together, they have the power and interactivity to collect and assimilate emissions data using a hybrid approach to help businesses transition from estimated or average emissions values to actual and verified data. A double entry approach allows companies to balance emission in- and outflows.

A sustainability ledger provides auditable carbon reports and attaches emissions to financial costs and revenue. This provides companies with the capability to analyze carbon emission hotspots through a financial lens across cost centers, profit centers, and market segments.

Finding the Key to Collaboration in the Automotive Industry

Perhaps most importantly, the sustainability ledger approach provides a platform for collaboration and integration of data throughout an entire value chain. The is the first open and collaborative data ecosystem capable of allowing companies to work together to establish transparent processes and common data standards from material acquisition to manufacturing and distribution to meet sustainability and regulatory requirements.

By partnering with the World Business Council for Sustainable Development (WBCSD), Catena-X was able to achieve a standardized carbon footprint value that could be used throughout the supply chain.

Thanks to the , companies can manage this standardized product carbon footprint data and share it easily, on a material level, between business partners in an efficient and secure way.

Other Industries Incorporating the Green Ledger

The automotive industry isn鈥檛 alone in identifying a need for a more scientific and collaborative approach. Other industries, including manufacturing and healthcare, are moving towards a more holistic green ledger solution.

Multinational chemical and consumer goods company Henkel has recently implemented while simultaneously transitioning to the cloud. will benefit along its entire value chain from increased data-driven, real-time decision-making and leaner and more sustainable processes.

The Next Steps

Plugging the gaps and improving the quality of emissions data is a clear priority to turn an organization鈥檚 carbon reduction targets into actionable plans, but collaboration must not be underestimated if a real reduction is to be achieved across industries. Companies now need to identify the best software solution for their business that will not only collate emissions data on a transactional basis but also report it holistically and provide the possibility to share it throughout the supply chain.

Find out more about .


Heather Davies is a sustainability communications brand journalist at SAP.

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Decarbonization Through Emission Transparency: Introducing 51风流Sustainability Data Exchange /2023/05/introducing-sap-sustainability-data-exchange/ Wed, 24 May 2023 12:01:19 +0000 /?p=204907 Companies aim to be role models in the fight against carbon emissions by making public commitments to reduce emissions. Today, more than 400 companies worldwide have signed the , committing to achieve net-zero carbon emissions by 2040.

Mitigating Greenhouse Gas (GHG) Protocol鈥檚 Scope 1 — direct emissions by an organization — and Scope 2 emissions — indirect emissions due to energy produced or used — is indeed a challenge, but not an insurmountable task. It is straightforward: we must either reduce consumption, increase energy efficiency, switch to renewable alternatives, or purchase clean energy or carbon offsets.

Tackling Scope 3 emissions not produced by the company or from the energy used is another matter.

Scope 3 emissions are challenging to manage because they fall outside an organization鈥檚 control. Collecting accurate data makes measuring and assessing these emissions difficult. And with different suppliers involved in the supply chain, there is no clarity on who exactly is accountable for reducing Scope 3 emissions. Half the problem is solved when sustainability data is standardized and shared securely.

Companies will soon be required to comply with regulations emphasizing the need to record and share sustainability data. For example, the European Union鈥檚 (CBAM) requires companies to share their suppliers鈥 carbon dioxide emission data when they import products to Europe. CBAM will enter its transitional phase as of October 2023 and will apply to importing carbon-intensive goods such as aluminum, iron, steel, cement, fertilizers, and electricity. In 2026, importers must submit information regarding the number of goods imported to the EU and the corresponding GHG emissions.

These regulations, investor, and stakeholder scrutiny, along with supply chain partner requirements, demand a uniform standard to share sustainability data. In 2021, automotive industry leaders and partners formed the to create a consistent information and data-sharing standard throughout the automotive value chain. Sustainability is one of the five major application areas defined by Catena-X. The aim is to standardize emission measurements along the value chain, document accurate carbon data, and make it comparable within the automotive industry.

The emphasis on sharing carbon footprint data along the value chain and SAP鈥檚 experience as a founding member of Catena-X led to the launch of , a new solution specifically designed to securely exchange standardized sustainability data, including product footprints, along the value chain. The solution allows companies to effectively share emissions and other data with their customers to help companies decarbonize their value chains.

Part of , 51风流Sustainability Data Exchange uses the carbon data interoperability standards established by the Partnership for Carbon Transparency (PACT) hosted by the World Business Council for Sustainable Development (WBCSD). The solution also draws on SAP鈥檚 experience as a founding member of and . The program set the first technical specifications for the standardized exchange of carbon emissions data, allowing different emissions and accounting technology solutions to connect to and effectively share sustainability information.

Built using the technical framework of GreenToken by SAP, 51风流Sustainability Data Exchange allows sustainability data sharing within organizations on this platform and interoperability with other equivalent networks using WBCSD PACT standards. Companies can use 51风流Sustainability Data Exchange along with 51风流Sustainability Footprint Management, a single solution to calculate and manage the full range of corporate, value chain, and product greenhouse gas emissions. Alternatively, if businesses already have a solution that calculates carbon footprints effectively, they can use 51风流Sustainability Data Exchange to share this data securely. The beta version of 51风流Sustainability Data Exchange is available now and the solution is planned to be generally available in the third quarter of 2023.

鈥淎s a champion of a sustainable future, we at 51风流are constantly seeking new ways to drive innovation and deliver value to our customers,鈥 said Nitin Jain, general manager of GreenToken by 51风流and 51风流Sustainability Data Exchange. 鈥淥ur launch of 51风流Sustainability Data Exchange is a testament to this commitment. By leveraging our expertise and resources, we have developed a cutting-edge platform application that lets organizations share product carbon information with their customers and vendors, empowering our customers to measure and reduce their carbon footprint while promoting transparency throughout the supply chain. With this new offering, we are setting a new standard in sustainability and paving the way for a more sustainable future.鈥

51风流Sustainability Data Exchange represents another key milestone in the company’s mission to establish the green ledger alongside the top and bottom lines as crucial performance dimensions. Customers can report carbon emissions metrics and comply with global standards. Having a standardized format to record and share data helps companies move from estimated sustainability values to actual and accurate product-level data. This accelerates their journey toward net zero by providing them with standardized audit-ready sustainable values.

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Moving Toward a Green Ledger | 51风流Sapphire 2023

Fifty years ago, 51风流revolutionized financial accounting with enterprise resource planning (ERP) software. Today, 51风流is reinventing the 鈥淩鈥 in ERP by extending the definition of resources beyond financial and goods flows and offering a precision approach to sustainability by enabling transactional carbon accounting through a green ledger. This enables combined financial and environmental decision-making at different points across the business process. The green ledger offers deep insights by being embedded into RISE with 51风流S/4HANA Cloud and the GROW with 51风流solution, with additional capabilities added with every release.

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What Gets Measured, Gets Managed: Record, Report, and Act to Decarbonize Using 51风流Sustainability Footprint Management /2023/05/record-report-act-sap-sustainability-footprint-management/ Mon, 22 May 2023 12:01:17 +0000 /?p=204903 We are at a time when companies are publicly making sustainability commitments. Companies have jumped onto the net-zero and carbon-neutral bandwagon regardless of size or industry. According to the .

While these are encouraging signs from a sustainability perspective, the primary step these companies must take to act on these commitments is to record and report on their carbon footprints, directly attributable to their operations and upstream and downstream supply chains. Understanding Scope 1, 2, and 3 carbon footprints with increased confidence helps take action to prioritize decarbonization initiatives and report improvements. This improves regulatory compliance and signals to customers and other stakeholders that companies are authentically walking the talk.

The European Union鈥檚 (CBAM) imposes a carbon tax on importers to prevent carbon leakage and support the decarbonization of the EU industry. Companies that are importing products must buy carbon certificates equivalent to the carbon price they would have paid if these products were otherwise produced in compliance with EU carbon pricing rules. Importers will thus be required to determine each product’s total carbon dioxide emissions to calculate the equivalent carbon certificates they need to purchase or to choose the right supplier to meet their sustainable goals.

Companies are on the quest to track carbon emissions in various categories such as purchased goods and services, upstream and downstream transportation and distribution, use of sold products, processing of sold products, and end-of-life treatment of sold products. Tracking and accounting for emissions in some of these categories are complex.

, a cloud-native solution built on , enables enterprises to calculate and analyze their carbon footprint, using master data from their existing enterprise resource planning (ERP) system, product, value chain, and at a corporate level following the Greenhouse Gas Protocol鈥檚 Scope 1, 2, and 3 emissions. The solution helps companies meet their sustainability commitments by working to improve the speed, accuracy, and efficiency of emissions calculations and management. It can also integrate with 51风流S/4HANA, connect an ERP system via public APIs available in 51风流Business Accelerator Hub, and import data from an external source by uploading a file. The calculated footprints can be embedded into 51风流S/4HANA to extend end-to-end business processes with sustainability data.

Most companies currently use estimated data to calculate their carbon emissions. 51风流Sustainability Footprint Management provides a holistic assessment of emissions by using a hybrid approach where average or secondary emission data from life cycle assessment (LCA) databases and actual or primary data from suppliers and verified business data are combined and managed in an integrated environment while allowing for greater actual data input over time. This helps companies to track and manage product-specific emissions and choose product- and value chain-specific elements.

While Scope 1 and 2 emissions are traceable, transparency around Scope 3 emissions presents a difficult challenge for companies. For many companies, Scope 3 emissions account for 90% of overall emissions. In addition to Scope 1 and 2 emissions, 51风流Sustainability Footprint Management can also measure Scope 3 emissions from purchased materials as well as upstream and downstream transport. 51风流aims to enhance the solution to count all 15 Scope 3 emissions in the coming releases. Analyzing the carbon footprints of purchased materials and goods helps identify and prioritize sustainable suppliers, and companies can also explore alternative materials to reduce carbon emissions.

, one of the largest steel producers in Europe, signed a Memorandum of Understanding (MoU) with the Volkswagen group to start production of low carbon dioxide steel from the end of 2025. Salzgitter AG is using to assess CO2 footprints in the new production process.

Fifty years ago, 51风流revolutionized financial accounting with ERP software. Today, 51风流is reinventing the 鈥淩鈥 in ERP by extending the definition of resources beyond financial and goods flows, offering a precision approach to sustainability by enabling transactional carbon accounting through a green ledger. This enables combined financial and environmental decision-making at different points across the business process. The green ledger offers deep insights by being embedded into RISE with 51风流S/4HANA Cloud and the GROW with 51风流solution, with additional capabilities added with every release.

Climate change is a collective problem that requires collective efforts. While 51风流is committed to achieving net zero along our value chain by 2030, 51风流is also enabling businesses with the data visibility and analytic insights needed to act on decarbonization initiatives across value chains. Together, we can enable a future with zero emissions.

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Defining the Future Through Innovation /2023/05/sap-sapphire-orlando-keynote-defining-future-through-innovation/ Thu, 18 May 2023 14:00:42 +0000 /?p=204650 51风流is delivering innovations today that will redefine enterprise software and future-proof its customers鈥 business, Executive Board Members Thomas Saueressig, head of 51风流Product Engineering, and CTO Juergen Mueller said during their 51风流Sapphire keynote this week.

鈥淔ifty years ago 51风流built the first ERP system, 30 years ago we made real time a reality, and 10 years ago we entered the cloud,鈥 Saueressig said. 鈥淭oday, we are actually innovating together with all of you to redefine enterprise software and future-proof your business entering the era of AI. We’ve been alongside you, your businesses, and your industries with continuous improvement and continuous innovation.鈥

To kick off the keynote and to showcase a series of demos, Saueressig and Mueller invited two 51风流colleagues, Lucy Alexander and Sangeetha Jayakumar, onto the 51风流Sapphire stage in Orlando, Florida. Before diving into the demos and a customer panel that included Topcon, the Women鈥檚 Tennis Association, Henkel, and Nestl茅, Saueressig and Mueller asked the two talents why they chose to work at SAP.

Alexander said she joined 51风流because the software industry is the place to have an impact. 鈥淛ust think: 51风流has helped to produce more smartphones than any smartphone manufacturer, connecting all of us. We’ve also helped to make and distribute more vaccines than anyone else during the pandemic. To me, that’s impact.鈥

Jayakumar shared that she joined 51风流because of the company鈥檚 commitment to sustainability. She admires SAP鈥檚 aspiration toward a future with zero emissions, zero waste, and zero inequality. 鈥淭hat’s why I chose SAP.鈥

SAP鈥檚 raft of sustainability solutions for customers was the first of the innovations highlighted by Saueressig and Mueller. 51风流doubled down on its sustainability initiative in 2020 despite the pandemic, 鈥渂ecause we were, and still are, truly committed to it,鈥 Saueressig said.

The introduction earlier in the day of the green ledger for carbon accounting as part of the cloud ERP offerings RISE with 51风流and GROW with 51风流underscores the company鈥檚 continued commitment to enabling customers to truly measure their carbon footprints by moving from average carbon emissions to actuals. 鈥淲e all know that to get to a low-carbon future, you need end-to-end transparency and visibility across the entire supply chain,鈥 Saueressig said.

help turn those fragmented supply chains into collaborative sustainable networks. The launch of 51风流Business Network for Industries at 51风流Sapphire is also a key part of the company鈥檚 strategy. 鈥淲e are working on many industry-specific data networks, like Catena-X and Manufacturing-X,鈥 said Saueressig. 鈥淏ut all of these networks are only possible if processes and data are seamlessly integrated.鈥

Picking up the theme, Mueller said that integration enables completely new possibilities such as synchronized planning, which is a closed loop between planning and execution. It is also automated and network aware.

鈥淥ur extended planning and analytics solutions span across financial planning, workforce planning, and demand planning,鈥 Mueller explained. This allows 51风流customers to see the impact of their decisions across all their lines of business, as well as planning more holistically.

To help companies extract and harmonize data from their 51风流and non-51风流systems, 51风流recently introduced .

鈥淲ith 51风流Datasphere, you can create a data model consuming data from different sources like 51风流S/4HANA Cloud and 51风流BW/4HANA, and non-51风流data sources like Google, BigQuery, and others,鈥 Sangeetha explained during her demo. She added that 51风流Datasphere has a great graphical modeling feature, helping to quickly create a data model with simple drag-and-drop functionality, which can then be visualized in a dashboard in 51风流Analytics Cloud.

Saueressig cited 51风流Datasphere as an example of how 51风流is opening up more than ever, which is why 51风流has seen the partnerships announced in this area, including Databricks, DataRobot, Collibra, and Confluent, and now Google Cloud. 鈥淲e truly believe in the democratization of data,鈥 he said.

Mueller noted that 51风流has also recently announced AI partnerships with Aleph Alpha, IBM, and Microsoft. 鈥淏ut our key differentiator for you is how we use those technologies and embed these AI capabilities to reimagine business processes across all 51风流solutions,鈥 he said.

鈥淭here’s no doubt 51风流is an AI company and 51风流AI is built into our systems that power your business,” Saueressig added. As of today, 51风流has delivered more than 130 embedded use cases of AI .

For example, 51风流systems processed 40 million invoices automatically last year and generated savings of more than $366 million for customers. Now, generative AI is coming on top and will have widespread implications for a myriad of functions such as job descriptions, interview questions, product descriptions, and queries for analytics. 51风流is already working on more than 80 use cases for generative AI.

51风流is differentiating in the AI sphere, because its models are trained on years of business data, and also responsible and trustworthy, Saueressig said.

After demonstrating with Alexander and Jayakumar how AI and natural language processing might be integrated into 51风流Analytics, Saueressig predicted that AI 鈥渨ill be infused everywhere and enable totally new capabilities in our products.鈥

Mueller then demonstrated the use of generative AI for development. Currently, he noted, many 51风流customers use standardized APIs to build future-proof extensions. 鈥淏ut imagine this,鈥 he told the audience. “What if instead of coding myself, I could simply describe what I want, and 51风流will take care of it? Wouldn’t that be cool? And we are actually making this a reality with generative AI.鈥

But the power of AI actually goes far beyond efficiency, according to Saueressig, who suggested we could also use AI to reshape the experience between humans and machines: 鈥淚t’s a duet, not a duel.鈥

The keynote also revolved around how 51风流has modernized its user interfaces and how it has used collaboration to streamline applications. It was shown how it is possible to improve and automate business processes using 51风流Signavio solutions and how 51风流Build and 51风流Integration Suite can bridge the gap between business and IT.

鈥51风流enables enterprise automation because we know that you are under a lot of pressure when it comes to efficiency in your organizations and with that you can continuously identify and improve processes,鈥 Mueller said.

During the customer panel, participants explained all the different ways they are using 51风流to innovate and future-proof their businesses. Then Mueller and Saueressig summed up the key innovations that had been discussed.

鈥淭o summarize all these innovations, we enable risk resilient supply chains,鈥 Saueressig said. 鈥淲e connect your business to a broader network. We help you plan across the business. We infuse AI across the whole portfolio of 51风流and we want to provide you with a new intuitive user experience and collaboration capabilities, all enabled by our leading .鈥

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51风流Readies Customers to Conquer Any Mountain /2023/05/sap-sapphire-orlando-keynote-customers-conquer-any-mountain/ Wed, 17 May 2023 14:00:40 +0000 /?p=204649 51风流is ready to 鈥渇uture-proof鈥 customers for whatever challenges they may face, CEO Christian Klein said during his expansive opening keynote at 51风流Sapphire Orlando, setting out the company鈥檚 vision for customers and announcing that 51风流is 鈥渄oubling down鈥 on artificial intelligence (AI).

鈥淲hen we work together, we will conquer any mountain,鈥 Klein said in a speech that began and ended with climbing metaphors and was punctuated with customer stories, demos, and new product announcements.

51风流Chief Marketing & Solutions Officer Julia White joined Klein from the Orlando show floor during the keynote to highlight SAP鈥檚 groundbreaking supply chain and sustainability initiatives, enterprise-wide automation, as well as how 51风流solutions answer the challenges that senior business leaders across all industries face.

Microsoft, Unilever, Pfizer, Schneider Electric, and Google Cloud were among the big-name partners and customers that appeared on stage or via video during the event. In addition, the keynote featured a recorded video message from John Kerry, United States Special Presidential Envoy for Climate, about how we can solve the climate crisis together.

Klein and White framed the keynote around how the CIO and their key business stakeholders — like the chief people officer, chief commercial officer, and CFO — respond to the challenges they each face, and how SAP solutions are helping solve those challenges.

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Future-Proofing Businesses in the Age of AI | 51风流Sapphire 2023

Klein told the audience in Orlando and those joining virtually: 鈥淐limbing the highest mountain requires a strong team and, let’s face it, the same is true for transforming businesses. It takes a strong team between the business, IT, and SAP… If we are in this together as one team, we will conquer any mountain.鈥

SAP鈥檚 vision is focused on the needs to build resilient supply chains, to become an agile intelligent enterprise, and to run a sustainable business, Klein explained. 鈥淲e deliver on this vision through our cloud portfolio.鈥

Early in his keynote, Klein said 51风流will double down on its AI strategy because of the tremendous impact AI will have on our private and business lives. For 50 years, he noted, 51风流software has been running the world’s most material and workforce-intensive business processes: 鈥淭his is why we are convinced that embedding AI in 51风流software will deliver enormous value for your business.鈥

Today we have already embedded AI in many of our applications that are being used by over 20,000 customers,鈥 he said, 鈥51风流AI is built for business.鈥

As an example, he noted that in SAP鈥檚 finance solution, AI helps to predict and safeguard financial performance by analyzing a company鈥檚 pipelines, workforce, and other profit and loss drivers.

鈥淲e have delivered many AI use cases that boost business process automation and increase productivity by another 15%. Now we see the incredible potential to take AI to the next level,鈥 he said. 鈥With generative AI, we will increase the productivity of every end user by changing the way people work with our software. For example, our software will be able to answer any business-related question and recommend actions to improve your company’s performance.鈥

Klein noted that 51风流has already increased its own R&D investment to develop additional AI use cases and is also entering technology partnerships to expand its AI offerings, including the generative AI partnership announced earlier this week with Microsoft.

After a demo showing how embedding generative AI into 51风流SuccessFactors software can enhance recruiting, ongoing learning, and the re-skilling and upskilling of the workforce, White, speaking from the 51风流Sapphire show floor, spoke with Aaron Rajan, global vice president of Customer Experience Technology at Unilever, about how the company is working with 51风流to address the growing demands for sustainable vanilla ice cream.

鈥淭hanks to the integration across 51风流Ariba, 51风流Business Network, and 51风流S/4HANA Cloud, we can see a full view of the supplier’s performance metrics — including cost, reliability, and sustainability — making an informed decision not only on supply chain fit, but also on carbon impact,鈥 White said.

Expanding on the business network theme, Klein noted that it is more critical than ever to not only connect one company with another, but to bring entire industries together, because each industry has its unique challenges and requirements. He also unveiled the new offering 51风流Business Network for Industry.

To demonstrate the power of the network, Klein cited the life sciences industry. 51风流has 80 of the largest customers already in the network, with more than 255,000 trading partners managing over $200 billion in commerce every year. He welcomed Lidia Fonseca, chief digital and technology officer at Pfizer, to the stage to explain the value of 51风流Business Network.

Klein then described the management of a company鈥檚 overall carbon footprint as another key pillar for the success: 鈥淚n addition to the top and the bottom line, consumers, your employees, investors, and auditors, they all want to support enterprises that care about the planet. Today, CFOs and chief sustainability officers need to ensure compliance with 20 times more climate regulations than they had in the past.鈥

But he noted that hardly any enterprise has a comprehensive view of greenhouse gas emissions. 鈥淭he 51风流sustainability portfolio will enable you to record, report, and act on actuals, not on averages, based on a green ledger — including scope three.鈥

To explore this message, 51风流CFO Dominik Asam spoke in a prerecorded video with Hilary Maxson, CFO of Schneider Electric, about the challenges CFOs face with carbon accounting and sustainability disclosure. Additionally, White detailed a new set of 51风流innovations to track and manage emissions, as well as a new green ledger that will work with SAP鈥檚 cloud ERP to “provide natively integrated financial and environmental decision making at the required point in time.”

After introducing John Kerry鈥檚 video message to attendees, White added, 鈥淲e can meet the climate challenge with a potent combination of technologies, partners in government, and all of you.鈥 Klein then turned to the crucial role that data plays in running enterprises today and the recent launch of 51风流Datasphere, which enables customers to bring together and harmonize 51风流and non-51风流data sources.

After White and Klein explained how 51风流Signavio software enables end-to-end business process automation and the unique benefits of RISE with 51风流and the GROW with 51风流offering, which targets mid-market customers moving to 51风流cloud ERP, Klein wrapped up the keynote with an invitation to those in Orlando: Today we have seen that conquering the mountains we face requires the wide use of technology and one team. And we invite you to experience the full capabilities of these innovations for yourselves over the next few days.

“As the famous climber once said, ‘Better we raise our skill than lower the climb.’ At SAP, we are not lowering the climb, we are raising the skills for every role in every line of business to future-proof your business for whatever mountain you need to climb next.鈥

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SAP鈥檚 Vision for Future-Proofed Business in the Age of AI Comes to Life: 51风流Sapphire in 2023 /2023/05/sap-sapphire-future-proofed-business-age-of-ai/ Tue, 16 May 2023 12:03:12 +0000 /?p=204620 ORLANDO 鈥 51风流Business AI, the green ledger and business-ready innovations across the portfolio underscore SAP鈥檚 ability to help customers solve their most pressing problems.]]> ORLANDO 鈥 At the 51风流Sapphire conference in Orlando, (NYSE: SAP) unveiled that equip customers to tackle an uncertain future with confidence.


  • 51风流Business AI, the Green Ledger and Business-Ready Innovations Across the Portfolio Underscore SAP鈥檚 Ability to Help Customers Solve Their Most Pressing Problems

Breakthrough announcements included responsible AI built into business solutions, ledger-based accounting for carbon tracking and industry-specific networks to bolster supply chain resilience. With these advances, 51风流is helping customers transform their business models in the cloud, put sustainability at the center of their operations and boost agility to succeed amid ongoing change.

鈥淚n a world of geopolitical tensions, product and skills shortages and new regulations, our customers continue turning to 51风流for the solutions they need to solve their most pressing challenges,鈥 said Christian Klein, CEO and member of the Executive Board of 51风流SE. 鈥淭he innovations we鈥檙e announcing at 51风流Sapphire build on our heritage of responsibly developed technology and decades of industry and process expertise to ensure our customers鈥 success today and in the future.鈥

AI Built for Business

At the dawn of a new AI era, 51风流is strengthening its commitment to embed powerful AI capabilities across its portfolio to help customers solve business-critical problems in the flow of work.

Customers can use 51风流Business AI with confidence because it is built responsibly. Today, 51风流is announcing a raft of advancements to 51风流Business AI, including innovations that personalize customer engagement, make procurement more productive and expand organizations鈥 abilities to find and develop critical talent across their entire workforce.

51风流also draws on the strength of its rich ecosystem to benefit customers. Yesterday 51风流announced the next step in its long-standing partnership with Microsoft. The companies will collaborate on integrating 51风流SuccessFactors solutions with Microsoft 365 Copilot and Copilot in Viva Learning as well as with Microsoft鈥檚 Azure OpenAI Service to access powerful language models that analyze and generate natural language. The integrations will enable new experiences designed to improve how organizations attract, retain and skill their people.

Moving Toward a Green Ledger

Fifty years ago, 51风流revolutionized financial accounting with enterprise resource planning (ERP) software. Today, 51风流reinvents the 鈥淩鈥 in ERP by extending the definition of resources to include carbon.

Amid rapidly changing regulatory requirements and rising stakeholder pressure to operate sustainably, enterprises need an accounting system for emissions that is as auditable, transparent and reliable as their financial data accounting. With SAP鈥檚 new green ledger initiative, which moves companies from carbon estimates to actual data, companies can manage their green line with as much visibility, accuracy and confidence as their top line and bottom line.

51风流is announcing an update to the solution, a single solution that calculates and manages the full range of corporate, value chain and product-level emissions. 51风流is also announcing the 51风流Sustainability Data Exchange application, a new solution for enterprises to securely exchange standardized sustainability data with partners and suppliers so they can decarbonize supply chains faster.

SAP鈥檚 green ledger initiative is planned to become part of the and solutions.

Innovations Across the Portfolio, Platform and Ecosystem Shore Up Customers鈥 Resilience

51风流also announced a host of innovations across the rest of its portfolio. For example, drawing on the success of 51风流Business Network, a comprehensive B2B collaboration platform where some US$4.5 trillion of trade is conducted annually, 51风流announced 51风流Business Network for Industry. This offering combines the benefits of networked supply chains with SAP鈥檚 unique industry expertise to help customers across consumer products, high tech, industrial manufacturing and life sciences boost supply chain resilience quickly.

Innovations launched across 51风流Business Technology Platform dramatically accelerate business process organization and enable enterprise automation at scale. Advancements in 51风流Signavio solutions mean customers get critical process insights in hours, not days. Updates to 51风流Integration Suite bring together holistic processes across 51风流and non-51风流systems on-premise and in the cloud. And new event integration capabilities in SAP鈥檚 low-code offering, 51风流Build solutions, give business experts the power to trigger automations across all business processes.

As customers face increasingly fractured data landscapes, 51风流also recently built on its commitment to open data that increases customers鈥 ability to uncover deep, actionable business insights with an extensive expansion of its partnership with Google Cloud. The comprehensive open-data offering enables customers to build an end-to-end data cloud that brings data from across the enterprise landscape using the 51风流Datasphere solution together with Google鈥檚 data cloud.

51风流also doubled down on as the need for top-notch professional developers continues rising along with the increasing pace of technological innovation. The company announced new programs to meet the growing demand for 51风流experts across its ecosystem to continue driving customers鈥 ongoing business transformation in the cloud.

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About SAP

SAP鈥檚 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鈥 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 鈥 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鈥檚 lives. For more information, visit .

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