{"id":142126,"date":"2021-03-31T05:00:06","date_gmt":"2021-03-31T05:00:06","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=142126"},"modified":"2021-03-24T14:56:56","modified_gmt":"2021-03-24T14:56:56","slug":"carbon-accounting-you-cant-manage-what-you-dont-measure","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/","title":{"rendered":"Carbon Accounting: You Can\u2019t Manage What You Don\u2019t Measure"},"content":{"rendered":"

Of all the challenges the world is facing today, climate change represents the greatest threat. Tipping points that we did not expect to see crossed for many years have already been reached, and there is little time left to stop irreversible and disastrous changes to the Earth\u2019s climate systems.<\/p>\n

The global pursuit of net-zero carbon emissions is a huge undertaking. A significant transition to renewable energy alone can only address\u00a055% of global emissions<\/a>. The other 45% result from transportation, land use, building management, and the production of consumer and industrial goods. This shows that taking climate action requires many different, interlinking solutions and needs to be a joint endeavor among nations, civil societies, and business alike.<\/p>\n

The shift toward sustainable business practices is being driven by governments, consumers, investors, and even employees.\u00a0While most companies monitor and measure the CO2\u00a0emissions of their production sites, customers are increasingly demanding visibility into the full carbon footprint of the individual products they purchase.<\/p>\n

As one result, companies need to move from the linear economic model that still dominates the industry today to the principle of circularity \u2013 a\u00a0systemic shift that builds long-term resilience, generates business and economic opportunities, and provides environmental and societal benefits.<\/p>\n

In this new equation, carbon is increasingly becoming a new vehicle of transformation. It is effectively a global, universal \u201ccurrency\u201d that can be tracked, traded, managed, and minimized like any other resource. Still, for most businesses, managing carbon is either seen as a necessary cost of doing business, or a tax that serves as a penalty. One way or the other, it is considered to be corrosive to profits.<\/p>\n

But what if we could convert carbon management into an investment strategy that can also drive profit? What if we could make sustainability profitable and profitability sustainable, without sacrificing one for the other?<\/p>\n

This is just as visionary as it is promising. Let\u2019s take the example of a large fast-moving consumer goods company. On a five- to 10-year horizon, depending on legislative developments, there is an opportunity<\/a> for avoided offsetting spend of one to two percent of revenue per year, top-line growth of one to three percent of revenue per year, and cost savings of \u20ac2 to 5 million per year based on more accurate and efficient emissions accounting and reporting.<\/p>\n

This needs software that helps companies measure, account, and take the right action \u2013 and 麻豆原创 is uniquely positioned to help enterprises tackle this challenge. As we run the supply chains of the largest companies in the world, we can play a central role in helping companies manage their green line by minimizing the carbon footprint and negative environmental impact of their products.<\/p>\n

Watch this space for more information on the 麻豆原创 Sustainability Summit<\/a>\u00a0and further details on how we help companies to responsibly manage their green line.<\/p>\n

\n

Christian Klein<\/a> is CEO of 麻豆原创.
\nThis story was originally published on LinkedIn<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Of all the challenges the world is facing today, climate change represents the greatest threat. Tipping points that we did not expect to see crossed…<\/p>\n","protected":false},"author":1295,"featured_media":142127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[19013],"tags":[5597593,5597592],"series":[],"sapn-display":[45149,279685],"sapn-type":[45018],"class_list":["post-142126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","tag-accounting","tag-corporate","sapn-display-homepage-hero","sapn-display-hero","sapn-type-feature"],"yoast_head":"\nCarbon Accounting: You Can\u2019t Manage What You Don\u2019t Measure - 麻豆原创 Africa News Center<\/title>\n<meta name=\"description\" content=\"Hear from 麻豆原创 CEO Christian Klein about turning carbon accounting into an investment strategy that can also drive profit and sustainability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Carbon Accounting: You Can\u2019t Manage What You Don\u2019t Measure\" \/>\n<meta property=\"og:description\" content=\"Hear from 麻豆原创 CEO Christian Klein about turning carbon accounting into an investment strategy that can also drive profit and sustainability.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/\" \/>\n<meta property=\"og:site_name\" content=\"麻豆原创 Africa News Center\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T05:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/africa\/files\/2021\/03\/24\/285024_GettyImages-946240308-1024x684.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"684\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Klein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Klein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/\"},\"author\":{\"name\":\"Christian Klein\",\"@id\":\"https:\/\/news.sap.com\/africa\/#\/schema\/person\/ac67f6cb1215d36a8e9f4e373796bf19\"},\"headline\":\"Carbon Accounting: You Can\u2019t Manage What You Don\u2019t Measure\",\"datePublished\":\"2021-03-31T05:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/\"},\"wordCount\":492,\"image\":{\"@id\":\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/africa\/files\/2021\/03\/24\/285024_GettyImages-946240308.jpg\",\"keywords\":[\"Accounting\",\"Corporate\"],\"articleSection\":[\"Corporate\"],\"inLanguage\":\"en-ZA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/\",\"url\":\"https:\/\/news.sap.com\/africa\/2021\/03\/carbon-accounting-you-cant-manage-what-you-dont-measure\/\",\"name\":\"Carbon Accounting: You Can\u2019t Manage What You Don\u2019t Measure - 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