Tag: SAP

SAP Rated Top Three in IDC’s Sustainability Index

Stuart Mitchell

SAP’s strategic commitment to sustainability and the comprehensiveness of its commercial offerings were highlighted in the IDC Sustainability Index for Software Providers: SAP (doc #EUR147190121, May 2023), placing SAP in the top three of 23 software vendors that were assessed using IDC’s sustainability framework. SAP Solutions Enable Organizations to Record, Report, and Act on their Sustainability Ambitions IDC reviews the roles of major ICT players’ environmental, social, and governance (ESG) impacts across three pillars: Technology as an Enabler, Technology Vendor Performance, and Technology for Good. During its assessment of software…

Read More

SAP Introduces Transactional Carbon Accounting to Accelerate Climate Action

Stuart Mitchell

Sustainability has risen quickly to the top of executive priorities, with climate action being the most pressing concern. The central question is no longer why, but how? A big part of the answer may come from the unlikely world of accounting. Companies need to start treating carbon like money ­– they need a carbon accounting system that mirrors their financial accounting system. However, carbon accounting is still done mainly using spreadsheets and semi-automated tools that use estimates and averages for carbon footprints. Only 9% of companies have a comprehensive view…

Read More

SAP Finalized New Sustainability-Linked Revolving Credit Facility of €3 Billion

Stuart Mitchell

SAP SE signed new €3 billion sustainability-linked revolving credit facility. SAP has successfully closed a new sustainability-linked revolving credit facility with a volume of €3 billion and a tenor of five years plus two one-year extension options. The facility was syndicated among a group of 20 core relationship banks. A possible future drawdown is not bound to any financial covenants. The new facility replaces the existing €2.5 billion facility. In line with SAP’s strategic commitment to sustainability, a sustainability component has been embedded in the new credit facility for the…

Read More

SAP CSR Launches Third Edition of eBook, Celebrating a Year of Global Impact

Stuart Mitchell

A true work of heart, with a renewed strategy, passion, and purpose added, SAP Corporate Social Responsibility (SAP CSR) launched the third edition of its annual eBook under the theme “Helping the World Run Better – Together.” Developed for SAP’s entire global ecosystem of staff, customers, and partners that played their part in helping the world run better, the theme couldn’t be more fitting as SAP CSR announces that a staggering 5 million lives have been impacted throughout 2022, thanks to more than 20,000 SAP employees who spent 117,000 hours…

Read More

PwC and SAP Launch New Innovation Strategy to Help Organizations Achieve Their ESG and Net-Zero Targets

Stuart Mitchell

PwC and SAP SE have announced a new co-innovation strategy to make sustainability an integral part of standard business operations. The strategy is directed at creating trusted solutions to address key environmental, social and corporate governance (ESG) business challenges. It covers carbon measuring, reporting and steering as well as supply chain decarbonization, climate risk and competitive analysis. The new ESG strategy builds on the strength of the existing alliance between PwC and SAP, which has successfully delivered business transformation solutions to clients in more than 80 countries. The strategy includes…

Read More