- Global collaboration will enable clients to align
carbon footprint and financial data for streamlined reporting and
enhanced operational performance, as well as to navigate rapidly
changing tax regulations and leverage incentive
opportunities
- Expanded alliance plans to have a focused go-to-market
approach to help drive rapid adoption
LONDON, Oct. 12, 2023 /PRNewswire/ -- The EY organization
today announced an expanded alliance with SAP SE (NYSE: SAP) to
help organizations accelerate value-led sustainability action.
Teams of EY professionals are advising SAP and customers on the
core design and blueprint of the next generation of software
solutions to create more impactful climate, nature and social
impact strategies.
Together with SAP's leading software technology, this
collaboration supports organizations by extending sustainability
functionality into offerings tailored to specific needs, enhancing
operational performance. They include:
- The SAP® Sustainability Control Tower solution:
Leveraging expertise in sustainability, assurance and reporting,
with a broader focus on supply chain, EY teams are working with SAP
to define the capabilities needed for the next generation of
sustainability solutions. EY solutions leveraging SAP
Sustainability Control Tower help enable organizations to progress
from Record to Report to Action, report against multiple regulatory
frameworks and embed sustainability metrics in their internal
performance management processes.
- SAP S/4HANA® Cloud transformation with sustainability at the
core: EY teams and SAP are helping companies embed
environmental considerations in business processes across finance,
tax, supply chain, manufacturing and human resources as part of
their digital transformation with SAP S/4HANA Cloud.
- Carbon accounting and the green ledger concept: EY teams
are bringing market-leading climate change consulting and carbon
accounting experience to help realize the green ledger concept
envisioned by SAP. Both organizations will collaborate with select
clients to further develop the requirements and analytics needed to
move greenhouse gas (GHG) accounting from estimates to a more
accurate reflection of a company's footprint, allowing companies to
manage GHG performance across the enterprise and accelerate climate
action.
- SAP's Responsible Design and Production: The EY
organization is providing real-time legal and regulatory updates on
sustainability incentives, carbon regimes, environmental taxes and
tax exemptions across the globe, to support SAP's Responsible
Design and Production solution.
Steve Varley, EY Global Senior
Advisor, says:
"Organizations need to shift from talking about pledges and
promises to showcasing evidence of what they have achieved, actions
taken and progress. Leveraging accurate and comparable
sustainability data, at the same level as financial data, can help
accomplish this.
"This expanded alliance will allow both EY and SAP to provide
clients with services, capabilities and technology needed to create
and protect value."
Gunther Rothermel, Co-General
Manager and Chief Product Officer for SAP Sustainability,
says:
"Together, SAP and EY can achieve even greater market and
planetary impact by working together on a joint sustainability
ambition. Customers want the ability to track sustainability
metrics the same way they do financial data, and we're focused on
helping them do that. Leveraging our already strong collaboration,
we will help customers advance their sustainability journey by
embedding sustainability data into business processes and
decisions."
In addition, the EY organization and SAP plan to continue with
go-to-market activity to support SAP S/4HANA, the RISE with SAP
solution and the GROW with SAP solution with sustainability use
cases and accelerators.
For more information about the EY and SAP collaboration and
their respective solutions, please visit ey.com/sap.
About EY
EY exists to build a better working world, helping to create
long-term value for clients, people and society and build trust in
the capital markets.
Enabled by data and technology, diverse EY teams in over 150
countries provide trust through assurance and help clients grow,
transform and operate.
Working across assurance, consulting, law, strategy, tax and
transactions, EY teams ask better questions to find new answers for
the complex issues facing our world today.
EY refers to the global organization, and may refer to one or
more, of the member firms of Ernst & Young Global Limited, each
of which is a separate legal entity. Ernst & Young Global
Limited, a UK company limited by guarantee, does not provide
services to clients. Information about how EY collects and uses
personal data and a description of the rights individuals have
under data protection legislation are available via ey.com/privacy.
EY member firms do not practice law where prohibited by local laws.
For more information about our organization, please visit
ey.com.
This news release has been issued by EYGM Limited, a member of
the global EY organization that also does not provide any services
to clients.
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