Businesses have conventionally focused on the top line and bottom line. Money. With sustainability and THE GREEN LINE becoming imperative for companies to stay relevant, the data has to catch up too.
Current environmental, social and governance (ESG) management relies heavily on data averages and estimates. ESG data is normally disorganised and disconnected. Not easily shared with partners, upstream suppliers or downstream logistics.
SAP Sustainability Control Tower effectively shares and collaborates ESG data across the organisation. Companies, with long-term sustainability goals, will use this to allow for a smooth and data-driven transformation. SAP Sustainability Control Tower enables businesses to record actual data by automating data collection, creating audit-ready reports, and allowing businesses to act on sustainable targets with embedded business processes.
Being one of the numerous sustainability solutions SAP has released, (others including SAP responsible design and production and SAP Product footprint management) SAP have realised that emissions don’t care to stay within the defined walls of a business and creating systems like these will help beyond the individual efforts of businesses.
The unlocking of this power, allowing data to be transparent will inevitably provide significant gains in capabilities and competitive performance, creating additional value for customers and our planet.
Considering that on average 90% of a business’s carbon footprint lies within its supply chain, if having clear access to actual data helps leaders make informed decisions, new sustainable practices can be streamlined into key business processes. This makes meeting sustainability goals and conforming to ever-changing voluntary and mandatory requirements easier than ever.
To Finalise, I want to leave you with this message:
As mentioned by Grupo Energía Bogota S.A. “With this powerful combination of cloud solutions, our company will manage its overall holistic reporting requirements, including ESG KPIs; reduce time and effort in manual data collection and reporting variation with different regulatory requirements and timelines; standardize processes for subsidiaries, and manage and integrate existing SAP and non-SAP data.”
This article was written by Jack Borchard, SAP Specialist Recruiter, bluewaveSELECT and formatted by Brad Stott, Marketing Executive, bluewaveSELECT
with reference gathered from: