SAP prioritizes sustainability to enhance
global well-being and drive success, leading with carbon-neutral
operations and empowering customers to develop smart, sustainable
enterprises.
SAN
ANTONIO, Nov. 14, 2024 /PRNewswire/
-- Recently Frost & Sullivan assessed the digital
sustainability in the energy, oil and gas industry, and based on
its findings, recognizes SAP with the 2024 Global Company of the
Year Award. The company is a global technology leader that provides
enterprise application software and services. Its extensive suite
of applications and solutions span areas such as supply chain
management, finance, and data analytics, enabling businesses to
adapt to changing market conditions. Moreover, as the push for
emissions reduction spreads throughout every industry, SAP is
well-positioned to guide its customers into sustainable practices.
Aligned with the United Nations' Sustainable Development Goals, SAP
aims for net-zero emissions across its value chain by 2030 and
continuously improves energy efficiency. The company is committed
to eliminating electronic waste by 2030, improving waste
management, reducing water consumption, and raising sustainability
awareness.
SAP's comprehensive product suite reduces environmental impact
and enhances sustainability and efficiency across various
industries. The company's solutions facilitate new market creation,
such as hydrogen fuel cell vehicles, by addressing limitations in
hydrogen availability and supporting sustainable transportation
growth. SAP also aids in converting traditional oil refineries to
biodiesel production facilities, aligning operations with global
sustainability goals, and capitalizing on renewable energy
opportunities. Furthermore, its end-to-end value chain management
enhances operational efficiency and regulatory compliance,
empowering customers to innovate and meet sustainability targets
effectively. SAP's "We Measure" program allows organizations to
measure their carbon footprint at various levels, enabling them to
set and track key performance indicators (KPI) related to their CO2
impact. Additionally, SAP supports sustainability report creation
that comply with standards such as the Center for Sustainable Rural
Livelihoods and the Global Reporting Initiative, automating the
data gathering and reporting process for accuracy and
efficiency.
Samantha Fisher, best practices
research analyst, Frost & Sullivan, observed "Emphasizing the
importance of harmonized data for effective sustainability
reporting, SAP solutions such as the Enterprise Sustainability Hub
integrate data from various sources, including SAP and non-SAP
systems, to streamline the reporting process. This approach
supports customers with different sustainability maturity levels,
from manual spreadsheet-based processes to fully automated
systems."
SAP supports organizations across various industries, such as
utilities, water and wastewater, and power, in effectively managing
their environmental impact and driving sustainability initiatives.
By combining its technology with partner expertise, the company
helps organizations achieve their sustainability goals while
maintaining operational and financial performance, transforming raw
data into actionable insights that drive efficiency and
sustainability. SAP's partnerships underscore its commitment to
innovation and sustainability, leveraging collaborative efforts to
meet diverse market demands and drive meaningful impact. The
company covers the entire lifecycle of environmental data
management from recording and accounting to reporting and action,
enabling comprehensive oversight and actionability. By enabling
advanced digital technologies and robust analytics, SAP accelerates
the adoption of sustainable practices, positioning itself as a
crucial partner in the digital transformation of the energy and
O&G industries.
"SAP integrates sustainability initiatives into its operations
and solutions, enhancing transparency and customer confidence. It
offers comprehensive tools across various sectors to accurately
measure environmental impact and support sustainable growth. The
company remains a trusted partner, earning a reputation for
offering the overall best in the market," added Paulina Blaszczyk, industry analyst at Frost
& Sullivan.
Each year, Frost & Sullivan presents a Company of the Year
award to the organization that demonstrates excellence in terms of
growth strategy and implementation in its field. The award
recognizes a high degree of innovation with products and
technologies, and the resulting leadership in terms of customer
value and market penetration.
Frost & Sullivan Best Practices awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned
for its role in helping investors, corporate leaders, and
governments navigate economic changes and identify disruptive
technologies, Mega Trends, new business models, and companies to
action, resulting in a continuous flow of growth opportunities to
drive future success. Contact us: Start the discussion. Contact us:
Start the discussion.
Contact:
Tarini Singh
P: 9953764546
E: tarini.singh@frost.com
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SOURCE Frost & Sullivan