· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on ESG Today or enjoy below:
🗞️ Driving the news: SAP has launched SAP Green Ledger, a carbon accounting solution designed to help companies track and report the carbon footprint of products, services, and business units
• The solution integrates carbon emissions data directly with financial data to align with sustainability reporting standards
🔭 The context: As regulatory requirements like the EU CSRD and ISSB standards grow, companies face increasing pressure to measure and disclose emissions across their operations and value chains
• SAP's tool allows organizations to analyze Scope 1, 2, and 3 emissions in conjunction with financial data for better decision-making
🌍 Why it matters for the planet: Accurate carbon accounting is crucial to avoiding greenwashing and achieving decarbonization targets
• By enabling transparency and auditability of emissions, the tool helps businesses align with global climate goals and attract sustainability-driven investments
⏭️ What's next: Companies such as Covestro are piloting the solution, with support from consulting giants like Deloitte, EY, and Accenture
• Broader adoption could set a new benchmark for integrating carbon and financial data to drive sustainability strategies
💬 One quote: “Only by moving from averages to actuals – audited at reasonable assurance – can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet.” – Dominik Asam, CFO, SAP SE
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