How can businesses take climate action? How can they turn linear processes into circular resources and product flows? How can they ensure socially responsible value chains? And ultimately, how can they integrate economic, environmental, and social performance into strategic decision-making?

These questions are top of mind for executives. In 2021, sustainability聽.

At 麻豆原创, we deliver answers to these questions through our products. Our customers can benefit from solutions that help them achieve聽zero emissions,听zero waste,听zero inequality, as well as聽holistic steering and reporting聽of their sustainability efforts.

Last year, we launched three new solutions:聽,听, and聽. All are embedded 麻豆原创 S/4HANA cloud-native applications that are delivered in a modular way and built on top of 麻豆原创 Business Technology Platform.

What is more, we are embedding sustainability across 麻豆原创鈥檚 entire solution portfolio. A recent example is the inclusion of product footprints in 麻豆原创 Integrated Business Planning, so customers can monitor the greenhouse gas emissions from their production plants. Another example is the integration of 麻豆原创 Sustainability Control Tower with 麻豆原创 SuccessFactors solutions, enabling customers to obtain insights into how their organization is faring on crucial aspects such as diversity and inclusion.

Sustainable Business Strategies, Sustainable Enterprises

For the last 50 years, our innovative solutions have helped our customers transform their business processes and stay ahead in rapidly changing business environments. And we will continue to take and enable organizations of any size and in any industry to take a transformative approach to sustainability as well.

Quick fixes that do not get to the root cause of problems won鈥檛 make businesses more sustainable in the long run. Fragmented sustainability strategies won鈥檛 help. Sustainable business strategies will. That is why we support companies in integrating sustainability into the heart of their business processes.

Our approach pays off. Today, the most sustainable companies run our software. According to our analysis of S&P Trucost Limited data and聽, 麻豆原创 customers with high digital maturity 鈥� those adopting 麻豆原创鈥檚 latest technologies 鈥� on average have 75% better environmental, social, and governance (ESG) scores compared to their industry peers. They also produce 24% less CO2 emissions than the market average.

To further facilitate the sustainability transformation for our customers, we recently launched a new offering.聽麻豆原创 Cloud for Sustainable Enterprises聽is a flexible bundle of sustainability-specific applications. It allows businesses to adopt our solutions based on the current stage of their sustainability transformation. Depending on where they stand, they can implement holistic management or start with specific areas of sustainability performance.

Chasing Zero, Together

The past year has been all about delivering the tools that help businesses transition into sustainable enterprises. So, what鈥檚 next? 2022 will be the year to implement these tools聽globally in close collaboration with our customers and partners.

Ultimately, the transition to a more sustainable global economy is not something one company can achieve on its own. In today鈥檚 interconnected world, we must rely on our ecosystem to ensure sustainability across the entire value chain. Let鈥檚 make 2022 the year we transition toward a more sustainable world, together.

This was originally published on the global 麻豆原创 News Center.

The post Changing Our Reality for the Better by Moving Toward a Sustainable World appeared first on 麻豆原创 Southeast Asia News Center.

Stakeholders are coming to the same conclusions that we have long been convinced of. Even before announcing our Climate 21 initiative two years ago,听we have been seen as front-runners聽in providing environmental transparency. We have long understood the importance of measuring sustainability progress holistically and connecting financial and pre-financial data. We鈥檝e been doing that since 2012. That鈥檚 when we merged our sustainability and annual reports into an integrated report.

We know that the days of fragmented reporting must end. And now, many more businesses are seeing how fundamental the issues of transparency on environmental, social, and governance (ESG) impacts are. But many businesses still struggle with a multitude of reporting frameworks and lack of appropriate data. This is what stands in the way of consistent investor-focused disclosures. Our planet cannot afford this. Increasingly, consumers want to know the provenance of their products. They want to be assured that they are making choices based on data they can trust.

The sustainability issues we face today are different from all other previous threats and opportunities 鈥� in scope, scale, and ultimately in the consequences. Measuring, reporting, and achieving the sustainable business goals we set is imperative to a聽.

Businesses Want to Make Sustainable Decisions; They Need the Right Intelligence to Do It

The vast majority of business leaders I connect with want to lead their businesses sustainably. They care about planetary and societal impacts; in fact, their customers, investors, and employees demand it. At 麻豆原创, our aspiration goes far beyond enabling businesses to achieve efficiency. We work with customers to reinvent their business processes to achieve sustainable growth. That means enabling businesses to use data in agile ways, across all sustainability dimensions. We provide early alerts that allow companies to be responsive and we give customers the full picture they need to move proactively on their ESG issues.

Sustainability data is 鈥減re-financial,鈥� not 鈥渘on-financial.鈥� That means the search for sustainability levers must go beyond the financials to bring together all sustainability data dimensions, including emissions, material flows, and social impacts. We know this and it is why we have made this possible today. For example, with聽, companies get visibility into their carbon footprint data throughout a product鈥檚 value chain, including for material sourcing and production. And that鈥檚 the insight businesses need to make proactive, sustainable supply chain decisions.

Scale Data Across Business Networks to Mitigate Planetary Impacts

Individual businesses can only do so much. Emissions do not recognize company boundaries and therefore we must help companies reach beyond their own four walls. We know we must connect our customers into a network of intelligent, sustainable enterprises.

Intelligent cross-enterprise scenarios that enable data sharing across value chains will create impact at scale. Business networks enable companies to continuously re-evaluate and re-engage with each other, creating additional value for their customers and our planet.

From Voluntary to Mandatory, ESG Standards Are Evolving

ESG reporting is maturing; there is no doubt about that. Climate-related disclosures are evolving from voluntary to mandatory. Around 100 countries have explicitly expressed support for starting negotiations for a global agreement on plastics in 2022. The European Union is already developing a social taxonomy based on global social and human rights norms. 麻豆原创 also recently released an聽聽asking the European Union to act on ESG disclosure standards. We want to encourage a global baseline set of standards. We fully support corporate transparency that meets the needs of all stakeholders and improves connectivity between sustainability and financial reporting.

And, once again, we at 麻豆原创 have stepped up to provide the solutions that companies need to execute on these evolving standards and connect their environmental, social, and financial values, holistically. Today, I鈥檓 proud to say that we just released聽, a solution that enables customers to go further on their ESG integration and data transparency journey. Our solution enables non-financial 鈥� or, as I prefer to call them, 鈥減re-financial鈥� 鈥� disclosures focused on four aspects: people, planet, prosperity, and principles of governance. This includes measurements around greenhouse gas emissions, pay equality, and board diversity. It enables comparisons between companies, regardless of industry or region.

Our two previously released sustainability products,听听补苍诲听, feed precisely those new data dimensions, which businesses have so far been lacking, into 麻豆原创 Sustainability Control Tower.

Our new solution has the World Economic Forum鈥檚 Stakeholder Capitalism Metrics as its foundation. These metrics are based on existing standards to make ESG disclosures more comparable and consistent. They were developed within the International Business Council, a community of over 120 global CEOs who seek to improve the ways companies measure and demonstrate their contributions toward creating a more sustainable relationship with our planet.

And of course, our partners are integral here. Deloitte, EY, and PwC are a few examples of the partners that bring immense knowledge, not only about the framework, but also about the ESG transformations of our customers. Strategic partners like BCG enable our customers to take a holistic perspective toward establishing ESG and climate compliance.

Time Is of the Essence

Businesses that set out a 10-year agenda for dealing with their sustainability challenges are moving much too slowly. We all need to move quickly to enable the shift to new business models. Time is of the essence.

At 麻豆原创, we know how important it is that corporate sustainability efforts be measured, reported, steered, and communicated effectively. And I am personally very proud of the聽leadership we continue to demonstrate here.

This was originally published on the global 麻豆原创 News Center.

The post Our Planet Cannot Afford Fragmented Reporting 鈥� Can You? appeared first on 麻豆原创 Southeast Asia News Center.