Meeting the New SEC Emissions Policies: We Already Have All the Technology We Need - Seite 2

The essence of the SEC's impact lies in our unwavering belief in collaboration. Our business-to-business network enables our customers to meet the challenge of disclosing emissions data under various reporting requirements. This ability to accurately track emissions allows companies' stakeholders, including their supply chain partners, to access that information on public websites or mobile apps so they can meet and even exceed the most stringent reporting requirements.

With SAP's enterprise solutions, companies can operate today while increasing the overall availability and transparency of carbon data. These same solutions also allow for the proactive identification of supply chain partners so companies can further decrease their carbon emissions. Concurrently, government agencies can easily access companies' emissions data using already available enterprise software to improve their emissions reduction goals.

SAP's Holistic Approach to Cloud-Based Sustainability and Business Transformation

The reality of our future economy is that it is cloud-based and sustainable. That's why we see our customers transitioning to more agile business models that drive sustainable outcomes.

SAP guides them through this new reality by providing the technology that allows for their business process shifts across their value chains. Whether they are new local or regional emissions rules, plastic taxes or extended producer responsibility requirements, SAP is ready to work with customers to minimize any disruptions with these new reporting requirements.

With a comprehensive and integrated approach to sustainability, SAP solutions move beyond compliance and operationalize sustainability across companies' operations. Customers can build on their ERP solutions over time, transforming business processes for maximum sustainable impact. Companies can also deploy SAP Business AI to inform, predict, and optimize sustainable outcomes. These same tools can leverage sustainability regulations and help companies achieve business process transformation.

We are hopeful that governments will advance carbon accounting globally. Taking that step will harmonize regional and global reporting frameworks and ensure optimal reuse of companies' existing data flows and business processes.

This SEC decision makes it more important than ever for companies to use digital technologies to track their emissions accurately and not rely on estimated data that often undercounts carbon emissions.

Regulations can actually drive innovation. We are in a world where businesses must pivot quickly due to externalities like economic shocks, political shifts, and climate-related disasters. SAP has the technology to help companies rapidly adapt to these changes and new regulations.

View additional multimedia and more ESG storytelling from SAP on 3blmedia.com.

Contact Info:
Spokesperson: SAP
Website: https://www.3blmedia.com/profiles/sap
Email: [e-mail]

SOURCE: SAP

View the original press release on accesswire.com


The SAP Stock at the time of publication of the news with a raise of +0,08 % to 188,9EUR on Nasdaq stock exchange (20. März 2024, 16:18 Uhr).