Transactional Carbon Accounting: A Next-Generation Approach to Reporting and Acting on Carbon Data Through Your Supply Chain

Rhea-AI Summary

SAP (SAP) is emphasizing the importance of sustainability in business transformation, urging companies to treat carbon emissions with the same precision as finances. They are promoting transactional carbon accounting capabilities to improve reporting accuracy and make more accountable business decisions.

NORTHAMPTON, MA / ACCESSWIRE / November 21, 2023 / SAP

Solving the world's sustainability challenges has never been more critical to our planet and those who inhabit it. It is the core issue for business today, as entire industries transform, and companies of all sizes are forced to reinvent themselves for a new, net-zero world. As part of this transformation, businesses can make a significant impact when they begin to treat carbon like money, accounting for emissions with the same precision as finances. They can implement transactional carbon accounting capabilities that help them generate financial-grade precision in tracking and sharing emissions values across their operations and supply chains and connecting emissions data with their financial data to increase reporting accuracy and make better, and more accountable, business decisions.

Learn more about how transactional carbon accounting capabilities can help organizations reap the benefits of a green ledger by integrating actual carbon data with financial data.

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 source version on accesswire.com:
https://www.accesswire.com/808098/transactional-carbon-accounting-a-next-generation-approach-to-reporting-and-acting-on-carbon-data-through-your-supply-chain

FAQ

What is SAP's (SAP) focus in business transformation?

SAP is emphasizing the importance of sustainability in business transformation, urging companies to treat carbon emissions with the same precision as finances.

How can businesses make a significant impact in sustainability?

Businesses can make a significant impact in sustainability by implementing transactional carbon accounting capabilities to improve reporting accuracy and make more accountable business decisions.

What is the core issue for businesses today according to SAP (SAP)?

According to SAP, the core issue for businesses today is solving the world's sustainability challenges and transforming for a new, net-zero world.

How can businesses connect emissions data with financial data?

Businesses can connect emissions data with financial data to increase reporting accuracy and make better, and more accountable, business decisions.

What does SAP (SAP) propose for tracking and sharing emissions values across operations and supply chains?

SAP proposes implementing transactional carbon accounting capabilities to track and share emissions values across operations and supply chains with financial-grade precision.