Industries can leverage expertise to counter environmental challenges and make the world a greater place, Susanna Hasenoehrl, head of sustainability, Asia-Pacific and Japan, SAP, highlighted in a particular discuss titled, How expertise is accelerating sustainability in the present day on the SAP presents Mint Sustainability Motion Summit 2022.
About 80% of individuals have already skilled intervals of local weather change by way of excessive climate occasions, based on a current survey. But, a SAP analysis discovered that six in 10 companies assume sustainability will solely change into financially related greater than 5 years from now. This, Hasenoehrl felt, doesn’t replicate actuality. “There’s a direct hyperlink between the well being of our surroundings, the well being of our society, and the well being of our economic system. That’s significantly true in India. India’s spectacular development relies upon not solely on funding and folks but additionally on nature. A 3rd of India’s economic system is extremely depending on nature and one other 30% is intermittently nature dependent, a examine by World Financial Discussion board and PwC exhibits,” she mentioned.
The Indian economic system has seen unprecedented development and the nation is on the trail to turning into a $5 trillion economic system. We should be aware that this development doesn’t come at the price of sustainability.
“The problem for companies is to make sustainability worthwhile and profitability sustainable. Corporations with excessive environmental social and governance efficiency outperform their friends by greater than 3.7 occasions over seven years, Accenture analysis exhibits,” Hasenoehrl mentioned.
SAP has been engaged on sustainability for greater than a decade. Within the Asia-Pacific and Japan area, SAP has set an formidable goal of serving to their clients cut back one billion tonnes of carbon emissions by 2025. “At first, we have been centered on our personal operations, our very personal information centres, which have been working on renewable power since 2014. SAP has ranked high of the Dow Jones Sustainability Index for software program corporations for the previous 15 years. We’re additionally enabling our clients to be extra sustainable. By working with simply 1% of our buyer base, we might help handle as much as 20% of the emission reductions which can be essential to realize the 1.5 levels Celsius local weather targets,” she defined.
Supply: Live Mint