INTELLIGENT BRANDS // Green Technology
PwC and SAP to help organisations achieve their ESG and net zero targets
PwC and SAP 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 Governance ( ESG ) business challenges . It covers carbon measuring , reporting and steering as well as supply chain decarbonisation , 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 co-innovated solutions , created with PwC ’ s deep ESG and accounting expertise , aimed at enabling businesses to apply ESG metrics through their operations that are trustworthy , auditable and verifiable . The solutions leverage the SAP Cloud for Sustainable Enterprises solution , along with the SAP Sustainability Control Tower solution and the SAP Product Footprint Management solution . Together , PwC and SAP help organisations leverage the solutions they need to fulfil compliance requirements and drive growth to support the ever-increasing expectations of customers and investors .
They also assist customers in shaping the future of their net zero strategy and sustainability reporting .
The PwC and SAP strategy includes solutions encompassing an enterprise-wide ESG strategy , ranging from trading optimisation and tax credit recognition to third-party risk management and competitive analysis . Three top challenge areas for ESG , net zero and sustainability reporting will also be addressed :
Reporting and disclosure help to satisfy requirements to materially report and disclose investor-grade carbon measuring data to meet the demands of investors , lenders , regulators and customers .
Operationalising sustainability supporting the incorporation of ESG measures , especially carbon issues , directly into business functions , such as trading , capitalisation and tax .
Supply chain risk management , monitoring and compliance extending support for ESG measures to cover the impact of suppliers on organisational performance .
Solutions like PwC Germany ’ s awardwinning Climate Excellence tool , based on
SAP Business Technology Platform , have already demonstrated the strength of the collaboration between the two organisations in bringing ESG innovation to market .
PwC and SAP are dedicated to helping organisations respond to the reporting and auditability requirements imposed by the European Financial Reporting Advisory Group ( EFRAG ) and the International Sustainability Standards Board ( ISSB ). They also support companies in complying with a related ruling proposed by the US Securities and Exchange Commission ( SEC ). Solutions provided by PwC and SAP enable the real-time , data-driven environment customers require to operate and grow the sustainable enterprise of the future . p
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