At SAP Now, a flagship customer event attended by over 2000 delegates, SAP unveiled a new ‘sustainability study’ that highlights that 86% of Indian organizations see a moderate to strong relationship between sustainability and their organization’s profitability – and are boosting their investments as a result.
Commenting on the survey findings, Paul Marriott, President, SAP Asia Pacific Japan, said, “The Asian market represents more than 50 percent of the world’s emissions, and so as one of the fastest growing hotbeds of innovation and economic activity in the region, India is in a unique position to lead the charge against climate change. It is an encouraging sign that more and more Indian organizations recognize this and are ready to embrace it.
Manish Prasad, President, and Managing Director of SAP Indian Subcontinent, further added, “Sustainability is now a business necessity rather than merely a moral duty. It can no longer be seen as distinct from the overall financial performance of the company. It is evident from the findings of our study that businesses that prioritize sustainability are more successful. The moment has come to consider carbon data similarly to financial data in all corporate processes by integrating financial and environmental decision-making.”
Reaping Profits and Efficiency Gains from Sustainability Investments:
Lack of Environmental impact strategy emerges as the top challenge:
Indian businesses looking to unlock the value of sustainability data:
Indian businesses demand sustainability data from their ecosystem:
“Sakata Inx is strongly focusing on corporate sustainability initiative, “ESG (Environment – Social – Governance)” and steadily progressing our business, contributing to sustainable development goals and complying with laws and regulations. We are dedicated to operating as an “ecologically oriented company” in all aspects of our business operations. As a responsible multinational company, we were searching for a single all-inclusive solution that would allow us to automate our greenhouse gas (GHG) emissions accounting and help us in ensuring regulatory compliance worldwide,” said Rajnish Singh, Director of Manufacturing, Projects and Commercial, Sakata Inx. “Our sustainability goals are well aligned with SAP’s ‘zero emissions, zero waste, and zero inequality’ philosophy. By combining operations, experience, and financial information into our core business processes, SAP Sustainability solutions enable us to integrate sustainability in business at scale.”
At Sula Vineyards, sustainability isn’t just a practice; it’s our way of life. From championing renewable energy to pioneering efficient waste management, our Green Sula initiative is a testament to our commitment to responsible land stewardship. SAP has enabled us to not only advance our sustainability goals but also drive operational efficiency. As the first winery in Asia to earn IWCA Gold membership, we’re proud to lead by example, setting new standards for the wine industry and striving towards a carbon-neutral future by 2050. Around 60% of our energy requirements are fulfilled by solar energy, while electric vehicles comprise 33% of our total fleet. Additionally, we achieve zero liquid discharge by treating and reusing all wastewater within our facility, and we compost winery byproducts to nourish our vineyard.” said, Abhishek Kapoor, CFO of Sula Wines.
Sustainability directly links to SAP’s purpose of helping the world run better and improving people’s lives. SAP’s efforts focus on helping create a sustainable future for the world, our customers, and society at large by bringing together social, environmental, and economic performance.
About SAP
As a global leader in enterprise applications and business Al, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com
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