SAP Joins 3C Initiative to Combat Climate Change
Business Software Leader Contributes to Cross-Industry Commitment to Reduce Carbon Dioxide Emissions Globally
WALLDORF, Germany.- SAP AG (NYSE: SAP) today announced it has joined “3C - Combat Climate Change,” a business leaders’ initiative seeking to deeply ingrain climate issues into the world of markets and trade. With the addition of the first enterprise software company to its roster of more than 40 signatory companies from 11 of the G8 +5 countries, 3C gains a strong ally in driving a shared agenda to apply innovative technology and business solutions to reduce carbon dioxide emissions. In joining 3C, SAP is furthering its long-standing commitment to sustainability, underlined by multiple corporate initiatives and a portfolio of enterprise management, supply chain and compliance solutions that are helping companies optimize their global operations and reduce their “carbon footprint.”
3C is working toward the goals of reducing the growth of carbon dioxide emissions and other greenhouse gases to generally accepted safer levels and providing secure and affordable energy for stable, global development. The initiative aims to do so by calling for an enlightened global policy framework, creating incentives for commercial solutions, technological development and market-based investments.
Gaining increasing support from business and political leaders, 3C is calling for the support of the global community in a global ad campaign in publications around the world on June 5, on the eve of the G8 Summit in Heiligendamm, Germany, June 6 – 8. To underline their commitment to the initiative in the run-up to the summit, 3C members recently met with German Chancellor Angela Merkel, who champions the environmental agenda and emphasizes that climate change policy must be backed by industry at global level. The chancellor praised the initiative’s commitment and expressed her hope that more companies would join in.
The meeting saw consensus on common aims to:
* attain fair global allocation of reduction targets enabling the developed world to shift its economic base and allowing the developing countries to continue to progress out of poverty
* create incentives to apply enabling technology for conservation or reduction of energy consumption as well as enabling use of alternative energy sources
* enliven the market to achieve allocated reductions at stable pricing through mature emissions trading systems
“With 3C, we aim to create incentives that will, step by step, lead to our shared vision of a low-emitting, sustainable society,” said Lars G. Josefsson, President and CEO of Vattenfall AB, the company that initiated 3C. “Within the global community, we already have the technology to drastically reduce greenhouse gas emissions; what we need now are robust financial incitements to make these technologies commercially viable. The 3C initiative is further strengthened in this regard with the membership of business leaders such as SAP, whose expertise and technology are helping Vattenfall and other leading companies tap bottom-line business benefits from compliance and sustainability initiatives.”
Commitment to Business and IT Innovation for Environmental Sustainability
As a global leader in business and IT innovation, SAP is taking public leadership in numerous corporate social responsibility (CSR) initiatives, including the United Nations Global Compact, of which SAP is an original signatory
“The quest for global energy preservation demands a concerted effort of private citizens, non-governmental organizations and the business, technology and political communities, tapping all of the resources, ingenuity and innovative power at our disposal,” said Henning Kagermann, CEO, SAP AG. “SAP has a long-standing commitment to compliance and corporate citizenship. Our expertise and innovative solutions are contributing to this important global effort, helping customers across diverse industries embed environmental responsibility and sustainability into their business strategies to become best-practice global citizens.”
SAP Helps Companies Turn Compliance Challenges into Business Performance Drivers
In addition to the company’s support for the preservation of global energy, SAP software solutions are helping businesses around the world make regulatory compliance a viable and value-driving aspect of their operations. The SAP product portfolio comprises a wide range of software to help customers better allocate enterprise resources, optimize supply chain operations and align regulatory compliance with enterprise performance. SAP’s commitment to helping organizations effectively address regulatory compliance challenges and adopt sustainable business practices is supported by a dedicated business unit and a growing portfolio of SAP solutions for governance, risk and compliance (SAP solutions for GRC).
Software innovations from SAP can play a key role in helping companies manage their carbon footprints and secure their energy supplies at competitive costs, thus minimizing dependency and risks. One such innovation is an application that enables companies to monitor, measure, document and control emissions output to comply with greenhouse gas regulations. The software helps improve manufacturing productivity while enabling companies to seize emerging opportunities in the emissions trading markets.
For more information on 3C, visit www.combatclimatechange.org.
For more information on corporate citizenship initiatives at SAP, visit www.sap.com/citizenship.
For more information on SAP solutions for GRC, visit www.sap.com/grc.
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