SAP has joined the CEO Carbon Neutral Challenge, created by Gucci President and CEO Marco Bizzarri, to support global business in the transition to a low-carbon economy, the company reported on Wednesday.
"As businesses, we must all own up to the total GHG emissions our activities generate and, at the same time, invest in nature-based solutions to protect our world's critical forests and biodiversity, simultaneously helping to mitigate climate change," said Bizzarri.
The CEO Carbon Neutral Challenge has addressed the need for companies to take action and issue an all-encompassing climate strategy to create positive results for global health and business. Businesses have been challenged to take full responsibility and accountability for the total greenhouse gas (GHG) emissions they generate, deliver nature-based climate solutions that mitigate emissions and drive positive change.
"Marco Bizzarri's CEO Carbon Neutral Challenge is complementary to our own commitment to helping businesses use innovative technology to achieve their most ambitious climate goals so they can take responsible actions and make a positive difference," stated Jennifer Morgan, SAP’s Co-CEO and member of the Executive Board.
SAP will help companies tack carbon emissions from the upsteam supply chains to downstream logistics, including procurement, operations, and manufacturing. The company has also created a team of innovation services and solutions professionals that will enable customers to transform disruption to innovation through intelligent technologies such as Internet of Things (IoT), Machine Learning, Artificial Intelligence (AI), Blockchain and advanced data analytics.
Additionally, SAP will invest in CO2 offsets to receive CO2 credits from the sponsored projects so that the company can avoid compat the excess emissions. SAP will focus on high-quality projects to improve the livelihoods of rural communities. The project will fulfill the Gold Standard of the World Wide Fund for Nature (WWF).
As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world's transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers' businesses into intelligent enterprises.
SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 437,000 business and public customers to operate profitably, adapt continuously, and make a difference.