What is SAP Sustainability Control Tower?
SAP Sustainability Control Tower is a cloud-based solution that helps organizations to manage their environmental, social, and governance (ESG) performance. It provides a comprehensive view of sustainability metrics across the entire supply chain, enabling organizations to identify and mitigate risks, reduce costs, and improve their sustainability performance.
What is EU Taxonomy?
EU Taxonomy is a classification system that identifies economic activities that are environmentally sustainable. It was introduced by the European Union to help investors, companies, and policymakers to identify sustainable economic activities and to promote sustainable investments.
How does SAP Sustainability Control Tower integrate with EU Taxonomy?
SAP Sustainability Control Tower integrates with EU Taxonomy by providing a set of sustainability KPIs that align with the taxonomy’s requirements. This enables organizations to measure and report their sustainability performance in a standardized way, making it easier to identify sustainable economic activities and to attract sustainable investments.
What are the benefits of using SAP Sustainability Control Tower with EU Taxonomy?
There are several benefits of using SAP Sustainability Control Tower with EU Taxonomy, including: – Improved sustainability performance: By aligning with EU Taxonomy, organizations can improve their sustainability performance and reduce their environmental impact. – Better risk management: By identifying and mitigating sustainability risks across the supply chain, organizations can reduce their exposure to reputational and financial risks. – Cost savings: By optimizing sustainability performance, organizations can reduce costs associated with energy consumption, waste management, and other sustainability-related expenses. – Access to sustainable investments: By aligning with EU Taxonomy, organizations can attract sustainable investments from investors who are looking to invest in environmentally sustainable activities.
How can organizations get started with SAP Sustainability Control Tower and EU Taxonomy?
To get started with SAP Sustainability Control Tower and EU Taxonomy, organizations should: – Identify their sustainability goals and objectives. – Map their sustainability metrics to the EU Taxonomy requirements. – Implement SAP Sustainability Control Tower and configure it to align with EU Taxonomy. – Monitor and report their sustainability performance using SAP Sustainability Control Tower.
Conclusion
SAP Sustainability Control Tower and EU Taxonomy are powerful tools that can help organizations to improve their sustainability performance and attract sustainable investments. By aligning with EU Taxonomy, organizations can standardize their sustainability reporting and make it easier for investors to identify sustainable economic activities. If you’re interested in improving your organization’s sustainability performance, SAP Sustainability Control Tower and EU Taxonomy are definitely worth considering.