{"id":147967,"date":"2024-12-17T06:31:00","date_gmt":"2024-12-17T06:31:00","guid":{"rendered":"https:\/\/news.sap.com\/africa\/?p=147967"},"modified":"2024-12-17T06:31:00","modified_gmt":"2024-12-17T06:31:00","slug":"sap-announces-general-availability-of-sap-green-ledger","status":"publish","type":"post","link":"https:\/\/news.sap.com\/africa\/2024\/12\/sap-announces-general-availability-of-sap-green-ledger\/","title":{"rendered":"SAP Announces General Availability of SAP Green Ledger"},"content":{"rendered":"\r\n<p class=\"has-large-font-size wp-block-paragraph\"><strong><em>WALLDORF <\/em><\/strong>\u2014 <a href=\"http:\/\/www.sap.com\" target=\"_blank\" rel=\"noreferrer noopener\">SAP SE<\/a> (NYSE: SAP) today announced the general availability of the SAP Green Ledger solution, the most comprehensive carbon accounting system globally that integrates directly with customers\u2019 financial data.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Part of SAP Sustainability solutions, SAP Green Ledger allocates carbon emissions to specific economic activities and transactions captured by ERP solutions from SAP. This innovation empowers organizations to accurately account for, analyze and report carbon footprints across products, services, and organizational units.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Addressing the growing consensus that decarbonization is required to combat climate change, SAP Green Ledger helps companies:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Track and account for carbon footprints in relation to their financial impact<\/li>\r\n\r\n\r\n\r\n<li>Lower emissions alongside financial optimization and thus facilitate carbon budgeting<\/li>\r\n\r\n\r\n\r\n<li>Establish carbon planning for carbon neutrality and net zero targets<\/li>\r\n\r\n\r\n\r\n<li>Benchmark departments, business units and profit centers from both a financial and environmental perspective<\/li>\r\n\r\n\r\n\r\n<li>Prepare for sustainability audits<\/li>\r\n\r\n\r\n\r\n<li>Improve supplier-based processes to decrease carbon emissions in the supply chain (2025)<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">SAP Green Ledger builds on existing financial and ERP solutions from SAP that are established in thousands of companies worldwide. By extending these solutions to integrate emissions data, businesses can make more informed, sustainable decisions that link environmental impact with financial performance, enhancing compliance, efficiency and transparency.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">\u201cEnormous investments are required to abate CO<sub>2<\/sub> in order to curb global warming. Besides smart, reliable regulation also accurate data on emissions along the supply chain is paramount to trigger the necessary investment,\u201d said Dominik Asam, CFO and member of the Executive Board of SAP SE. \u201cOnly by moving from averages to actuals \u2013 audited at reasonable assurance \u2013 can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet. SAP Green Ledger delivers precisely that.\u201d<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-sap-news-cta-banner alignleft cta-banner\">\r\n<div class=\"cta-banner__content\">\r\n<div class=\"cta-banner__title\">Put sustainability at the core of your business with SAP<\/div>\r\n<\/div>\r\n<div class=\"cta-banner__action\">\r\n<div class=\"wp-block-buttons is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-b192c3d7 wp-block-buttons-is-layout-flex\">\r\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.sap.com\/products\/sustainability.html\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more<\/a><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Today, SAP Green Ledger provides a first step for businesses to address regulatory requirements by integrating financial and environmental data. It 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 such as EU ETS** and EU CBAM\u2020, as well as to international standards such as ISSB\u2020\u2020. The launch of the solution marks the beginning of a new era in carbon accounting systems, which are expected to significantly impact businesses worldwide as decarbonization becomes a legal and market imperative.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">SAP Green Ledger was developed with support from companies such as Accenture, Deloitte, EY, PwC and TCS (Tata Consulting Services) as well as with pilot customers such as Covestro. Covestro is currently evaluating SAP Green Ledger in an early pilot phase and testing the linking of carbon dioxide values to SAP Green Ledger, as they are generated during the manufacture of specific products in the supply chain.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Accenture is helping organizations achieve their net-zero and sustainability targets in a rapidly evolving regulatory landscape.\u00a0 \u201cAs organizations seek to gain visibility into both the financial and environmental performance of their businesses, SAP Green Ledger can provide the sustainability metrics and insights needed to enhance decision-making that reduces emissions, drives efficiencies and optimizes performance,\u201d said Stephanie Jamison, global resources industry practice chair and global sustainability services lead at Accenture. \u201cAs a strategic co-innovation partner, Accenture helped shape the development of SAP Green Ledger and can apply our understanding of the technology and its capabilities to help our clients get the most for their organization.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Through its Strategic Advisory Group for Green Ledger, SAP was able to gain insights from Deloitte\u2019s breadth and depth of knowledge in sustainability measurement and reporting. \u201cSAP Green Ledger offers new levels of precision in carbon accounting for organizations as they track, manage and report their greenhouse gas emissions, and provides leaders with a holistic view of the costs and benefits of sustainability initiatives, enabling them to make data-driven decisions that can build business resilience,\u201d said Jennifer Steinmann, Deloitte Global Sustainability Business leader.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Deloitte is working with companies as they adopt sustainability disclosure standards and get ready for assurance. \u201cTechnology solutions can help generate traceable, bottom-up emissions data,\u201d said Veronica Poole, Deloitte Global IFRS and Corporate Reporting leader. \u201cLeveraging the robust governance and controls of enterprise systems is needed to help organizations achieve the rigor that enhances corporate accountability and enables a move to reasonable assurance.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">SAP partner TCS has also cooperated on SAP Green Ledger, with a focus on accelerating action to achieve carbon neutrality. TCS Enterprise Solutions Global Head Vikram Karakoti said, \u201cWith our participation\u00a0in the pilot program for SAP Green Ledger,\u00a0TCS is\u00a0embracing innovative\u00a0sustainability solutions to build a better future. This will enable\u00a0organizations to move beyond regulatory compliance\u00a0and make sustainability a growth engine.\u00a0By embedding\u00a0carbon data\u00a0into\u00a0the enterprise\u00a0planning\u00a0process, organizations can unlock previously unexplored areas for growth, transformation and environmental renewal.\u201d<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Visit the <a href=\"http:\/\/news.sap.com\/\">SAP News Center<\/a>. Follow SAP at <a href=\"http:\/\/x.com\/sapnews\/\" target=\"_blank\" rel=\"noreferrer noopener\">@SAPNews<\/a>.<\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-sap-news-cta-banner cta-banner\">\r\n<div class=\"cta-banner__content\">\r\n<div class=\"cta-banner__title\">Sign up for the SAP News Center newsletter to receive weekly stories and highlights<\/div>\r\n<\/div>\r\n<div class=\"cta-banner__action\">\r\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3e41869c wp-block-buttons-is-layout-flex\">\r\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\">Subscribe now<\/a><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p class=\"has-small-font-size wp-block-paragraph\">*The <a href=\"https:\/\/finance.ec.europa.eu\/capital-markets-union-and-financial-markets\/company-reporting-and-auditing\/company-reporting\/corporate-sustainability-reporting_en\">EU\u2019s CSRD<\/a> (Corporate Sustainability Reporting Directive) defines the rules concerning the social and environmental information that companies have to report. It entered into force on 5\u00a0January\u00a02023. **The <a href=\"https:\/\/climate.ec.europa.eu\/eu-action\/eu-emissions-trading-system-eu-ets_en\">EU ETS<\/a> (EU Emissions Trading System) is a \u201ccap and trade\u201d system to reduce emissions via a carbon market. Since 2005, it requires polluters to pay for their greenhouse gas (GHG) emissions, covering emissions from the electricity and heat generation, industrial manufacturing and aviation sectors \u2013 which account for roughly 40% of total GHG emissions in the EU. \u2020The <a href=\"https:\/\/taxation-customs.ec.europa.eu\/carbon-border-adjustment-mechanism_en\">EU CBAM<\/a> (Carbon Border Adjustment Mechanism) is the EU&#8217;s tool to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU, and to encourage cleaner industrial production in non-EU countries. CBAM will apply in its definitive regime from 2026. \u2020\u2020The <a href=\"https:\/\/www.ifrs.org\/groups\/international-sustainability-standards-board\/\">ISSB<\/a> (International Sustainability Standards Board) is developing \u2013 in the public interest \u2013 standards that will result in a high-quality, comprehensive global baseline of sustainability disclosures focused on the needs of investors and the financial markets.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><strong>For more information, financial community only: <\/strong>Alexandra Steiger, +49 6227-7-60437, <a href=\"mailto:investor@sap.com\">investor@sap.com<\/a>, CEST<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><strong>For more information, press only: <\/strong>Joellen Perry, +1 (650) 445-6780, <a href=\"mailto:joellen.perry@sap.com\">joellen.perry@sap.com<\/a>, PT Daniel Reinhardt, +49 6227-7-40201, <a href=\"mailto:daniel.reinhardt@sap.com\">daniel.reinhardt@sap.com<\/a>, CEST <a href=\"mailto:SAP%20Press%20Room\">SAP Press Room<\/a>; <a href=\"mailto:press@sap.com\">press@sap.com<\/a><\/p>\r\n\r\n\r\n\r\n<p class=\"has-small-font-size wp-block-paragraph\">This document contains forward-looking statements, which are predictions, projections, or other statements about future events. These statements are based on current expectations, forecasts, and assumptions that are subject to risks and uncertainties that could cause actual results and outcomes to materially differ. Additional information regarding these risks and uncertainties may be found in our filings with the Securities and Exchange Commission, including but not limited to the risk factors section of SAP\u2019s 2023 Annual Report on Form 20-F. \u00a9 2024 SAP SE. All rights reserved.<\/p>\r\n\r\n<p>This article first appeared on the SAP News Center.<\/p>","protected":false},"excerpt":{"rendered":"<p>WALLDORF \u2014 SAP SE (NYSE: SAP) today announced the general availability of the SAP Green Ledger solution, the most comprehensive carbon accounting system globally that&#8230;<\/p>\n","protected":false},"author":29,"featured_media":147968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[7737],"tags":[5599224,5599225,5599223,5598767,5599226],"series":[],"sapn-display":[5598742,5598740,45149,5598743,5598741,279685],"sapn-type":[4446],"class_list":["post-147967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solutions","tag-carbon-footprints","tag-emissions","tag-sap-green-ledger","tag-sustainability","tag-sustainability-audit","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-display-homepage-hero","sapn-display-news-hero","sapn-display-news-spotlight","sapn-display-hero","sapn-type-press-release"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SAP Announces General Availability of SAP Green Ledger - SAP Africa News Center<\/title>\n<meta name=\"description\" content=\"SAP Green Ledger is a comprehensive carbon accounting system that integrates directly with customers\u2019 financial data. 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