SAP Green Ledger: A Game Changer in Carbon Accounting
Generated by AI AgentWesley Park
Thursday, Jan 23, 2025 1:39 pm ET1min read
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SAP SE, the global leader in enterprise software, has announced the general availability of SAP Green Ledger, a groundbreaking carbon accounting system that integrates directly with customers' financial data. This innovative solution empowers organizations to accurately account for, analyze, and report their carbon footprints across products, services, and organizational units, marking a significant step towards combating climate change.
SAP Green Ledger builds on existing financial and ERP solutions from SAP, extending these systems to integrate emissions data. This integration enables businesses to make more informed, sustainable decisions that link environmental impact with financial performance, enhancing compliance, efficiency, and transparency. As Dominik Asam, CFO and member of the Executive Board of SAP SE, stated, "Only by moving from averages to actuals – audited at reasonable assurance – can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet. SAP Green Ledger delivers precisely that."
The solution helps companies navigate the complex global landscape of sustainability regulations, such as EU CSRD*, while establishing a scalable foundation over time to adapt to evolving regulations like EU ETS and EU CBAM†, as well as international standards such as ISSB††. SAP Green Ledger was developed with support from companies like Accenture, Deloitte, EY, PwC, and TCS (Tata Consulting Services), as well as pilot customers like Covestro. These collaborations ensure that the solution is well-equipped to handle the complexities of the global sustainability regulatory landscape and can adapt to changing requirements.
In conclusion, SAP Green Ledger is a game-changer in carbon accounting, empowering organizations to make data-driven decisions that reduce emissions, drive efficiencies, and optimize performance. By integrating financial and environmental data, this innovative solution enables businesses to navigate the complex global landscape of sustainability regulations and adapt to evolving requirements, ultimately contributing to the fight against climate change.
SAP--
SAP SE, the global leader in enterprise software, has announced the general availability of SAP Green Ledger, a groundbreaking carbon accounting system that integrates directly with customers' financial data. This innovative solution empowers organizations to accurately account for, analyze, and report their carbon footprints across products, services, and organizational units, marking a significant step towards combating climate change.
SAP Green Ledger builds on existing financial and ERP solutions from SAP, extending these systems to integrate emissions data. This integration enables businesses to make more informed, sustainable decisions that link environmental impact with financial performance, enhancing compliance, efficiency, and transparency. As Dominik Asam, CFO and member of the Executive Board of SAP SE, stated, "Only by moving from averages to actuals – audited at reasonable assurance – can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet. SAP Green Ledger delivers precisely that."
The solution helps companies navigate the complex global landscape of sustainability regulations, such as EU CSRD*, while establishing a scalable foundation over time to adapt to evolving regulations like EU ETS and EU CBAM†, as well as international standards such as ISSB††. SAP Green Ledger was developed with support from companies like Accenture, Deloitte, EY, PwC, and TCS (Tata Consulting Services), as well as pilot customers like Covestro. These collaborations ensure that the solution is well-equipped to handle the complexities of the global sustainability regulatory landscape and can adapt to changing requirements.
In conclusion, SAP Green Ledger is a game-changer in carbon accounting, empowering organizations to make data-driven decisions that reduce emissions, drive efficiencies, and optimize performance. By integrating financial and environmental data, this innovative solution enables businesses to navigate the complex global landscape of sustainability regulations and adapt to evolving requirements, ultimately contributing to the fight against climate change.
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