Features
Additionally, the World Economic Forum's Global Risks Report indicates that environmental risks, including climate action failure, rank among the top global risks in terms of likelihood and impact, further stressing the need for robust sustainability management.
Moreover, regulations such as the Corporate Sustainability Reporting Directive (CSRD) and the EU Taxonomy are expected to evolve and intensify in the coming years, presenting significant challenges for businesses. These challenges encompass:
- Ensuring compliance with new regulations,
- Enhancing efficiency by integrating sustainability and financial information for operational decision-making,
- And fostering innovation to develop new business models, products and services that embed sustainability into business processes.
Responding to Sustainability Challenges
Addressing these challenges requires a comprehensive approach that incorporates adapting strategies and processes as well as preparing and implementing additional solutions and systems. A critical aspect of this approach involves embedding sustainability into business processes such as.
Sustainable Source-to-Pay
Implementing ethical and sustainable value chain practices, including ensuring the health and safety of the external workforce.
Sustainable product design
Developing products that support a circular economy, reducing energy and water consumption and minimizing waste.
IT Solutions for Sustainability Management
To effectively manage sustainability, organizations need specific IT solutions that address various aspects of sustainability management.
Sustainability Reporting and Disclosure
Solutions that ensure compliance with different reporting frameworks and facilitate transparent and accurate sustainability reporting. They enhance Financial Planning & Analysis (FP&A) systems to record and report standardized Environmental, Social, and Governance (ESG) KPIs aligned with financial reporting.
Carbon Accounting and Net Zero Strategies
Tools to track, manage and reduce carbon footprints, and to develop strategies for achieving net-zero emissions, enabling holistic analysis of all data to inform strategic decision-making and mitigate carbon exposure.
Nature-Based Accounting
Systems that account for natural resources and ecosystem services, integrating them into financial decision-making.
Data Exchange Among the Supply Chain
Platforms that facilitate the sharing of carbon data, greenhouse gas (GHG) emissions, energy and water consumption, and waste management information across the supply chain.
Transportation Sustainability
Technologies to enhance the sustainability of transportation operations, reducing environmental impact and improving efficiency.
SAP for Sustainability
At NTT DATA, we have strategic partnerships with leading software providers like SAP, among others. SAP solutions help companies integrate sustainability into their business processes, ensuring compliance, enhancing efficiency and driving innovation. SAP's solutions enable businesses to capture, manage and analyze sustainability data, transforming it into actionable insights that support long-term sustainability objectives. Here are some ways that SAP supports sustainability initiatives:
SAP S/4HANA for Sustainability
This integrated enterprise resource planning (ERP) suite allows businesses to embed sustainability into core processes. It supports efficient resource management, reduces carbon footprints and enhances transparency across the value chain.
SAP Environment, Health, and Safety (EHS) Management
This solution helps organizations manage regulatory compliance, track and report environmental performance, and ensure the health and safety of their workforce.
SAP Product Footprint Management
This tool calculates the environmental impact of products across their lifecycle, enabling businesses to make informed decisions that reduce environmental impact and support sustainable product design.
SAP Sustainability Control Tower
This platform provides comprehensive insights into sustainability performance, integrating data from various sources to facilitate informed decision-making and strategic planning.
NTT DATA Sustainability Services
NTT DATA offers a comprehensive suite of Sustainability Services designed to help organizations transition toward a more sustainable future. Our range of services and methodologies address various aspects of sustainability.
Climate and Nature Services
These services help organizations shape their Net Zero and Nature Positive strategies, mitigating climate risks and monitoring companies’ carbon footprint and biodiversity impact.
Corporate Sustainability Services
NTT DATA helps enterprises define their corporate sustainability strategies and comply with regulatory obligations such as CSRD reporting. Also, we harness data to monitor and enhance their Environmental, Social and Governance (ESG) performance beyond regulatory demands.
Sustainable Value Chain Services
These services revolve around integrating circularity, traceability and transparency throughout the supply chain to maximize sustainability and efficiency.
Sustainable IT Services
By incorporating low-carbon and circularity principles into IT strategy and operations, NTT DATA helps enterprises fast-track their sustainability goals.
Smart in Sustainability
By leveraging cutting-edge technologies, proprietary tools and extensive consulting expertise, NTT DATA addresses sustainability challenges in areas such as energy, water, waste management, mobility, cities and social impact.
These services, supported by NTT DATA’s ecosystem of partners and their intellectual property portfolios, aim to leave a positive impact on people and the planet. We use a consulting-led and scientific approach, along with scalable IT technology and assets, to help organizations comply with regulations, meet market demands and drive sustainable change.
Conclusion
In conclusion, the growing focus on sustainability requires businesses to adopt robust IT solutions to navigate the complexities of compliance, operational efficiency and innovation. By integrating sustainability into core business processes and leveraging specialized IT solutions for sustainability management, organizations can not only meet regulatory requirements but also drive long-term value creation and resilience in an increasingly sustainability-conscious market.
