COP28 Takes On ESG Complexity

Rhea-AI Summary

SAP introduces the SAP Sustainability Control Tower to aid businesses in navigating the evolving ESG regulatory landscape. The tool aims to simplify sustainability reporting and compliance, offering a comprehensive solution for companies.

NORTHAMPTON, MA / ACCESSWIRE / February 26, 2024 / SAP
By Judith Magyar

Originally published by Forbes

The adoption of the Corporate Sustainability Reporting Directive (CSRD) and other such regulations entail major changes that are causing much uncertainty. Regulations are continuously evolving, and while still in its infancy, the environmental, social and governance (ESG) regulatory landscape is already mired in complexity.

"The tools in SAP's sustainability portfolio can help companies treat reporting as an exercise in business discovery instead of a regulatory disclosure chore," said Mendelsohn.

The SAP Sustainability Control Tower is a software-as-a-service solution that helps businesses oversee their sustainability performance. Equipped with pre-established content aligned to sustainability standards such as GRI, WEF, TCFD, CSRD, and the EU Taxonomy, it helps companies establish a sturdy, auditable ESG framework using data from SAP and non-SAP systems.

Continue reading here

At SAP's Sustainability Showcase at COP28, business, government and technology leaders discussed how technology can help reduce complexity around sustainability challenges. SAP. Image courtesy of Forbes.

View additional multimedia and more ESG storytelling from SAP on 3blmedia.com.

Contact Info:
Spokesperson: SAP
Website: https://www.3blmedia.com/profiles/sap
Email: info@3blmedia.com

SOURCE: SAP

View the original press release on accesswire.com

FAQ

What is the SAP Sustainability Control Tower?

The SAP Sustainability Control Tower is a software-as-a-service solution designed to help businesses oversee their sustainability performance and establish a robust ESG framework.

What standards does the SAP Sustainability Control Tower align with?

The tool aligns with sustainability standards such as GRI, WEF, TCFD, CSRD, and the EU Taxonomy.

What was discussed at SAP's Sustainability Showcase at COP28?

At the showcase, business, government, and technology leaders discussed how technology can aid in simplifying sustainability challenges.