Putting ESG at the Forefront Using SAP Software
As consumers are demanding more transparency and responsibility from companies regarding the sustainability of their practices, the business world is responding. Establishing environmental, social and governance (ESG) standards for your company is quickly becoming a norm in the business world.
ESG in the spotlight
ESG criteria encompass many aspects of a company’s impact on the world, ranging from environmental impact to avoiding human rights violations. Companies are measuring the greenhouse gas emissions that result from their manufacturing processes, avoiding having a hand in deforestation, and ensuring collaboration only with organisations that ensure positive labour conditions for their workers.
In some situations, the EU has even begun passing legislation that requires certain data on sustainability. But, regardless of whether it’s obligatory or not, providing solid data on the impact of your operation simply looks good. It shows corporate character and inspires consumer confidence when a company not only makes public but also and prides itself on its sustainability achievements.
The bottom line is clear: sustainability and corporate social responsibility are no longer in the background. They have become a true necessity for any serious company who wishes to connect with its consumers.
And that’s where the data comes in
So, ESG criteria are important. But sustainability goals are tricky to keep track of. That’s where SAP comes into play.
At the moment, your company’s ESG data may be fragmented, making it difficult to collect and present in an organised fashion. It may be stored in various programs or even with an external provider. There may be disparities to deal with, where the same data is recorded differently on different platforms. And sometimes there is data available that you may not yet be making use of for lack of a convenient way to store and manage it.
Effective data management is crucial for keeping track of and reporting ESG measures. It’s important not only to keep track of sustainability data, but also to ensure that it’s accurate and able to be presented. SAP technology can be harnessed to develop business models that put ESG at the forefront, making ESG data easily accessible and presentable to consumers and to members of your business network.
IoT and cloud technology have made this simpler. For every process a company successfully digitalises, it cuts back on human effort. This frees up time, energy and personnel to focus on the operational aspects of the business while the data flows in its newly automated fashion. You’ll be able to set better ESG KPIs having a clearer view of the data you’ve collected.
With SAP, NTT DATA will help your company transition to an integrated data management model so that you can easily monitor sustainability statistics. You set the timeline, and NTT DATA will accompany you every step of the way as you streamline your data processing, opening doors to enhanced accessibility of ESG data so your company can develop its own future-focused sustainability goals.
