SAP SE - SAP STOCK NEWS

SAP has reaffirmed its commitment to sustainability by partnering with EKOenergy to promote the use of 100% renewable electricity. This collaboration aims to help organizations transition to renewable energy, enhancing resilience against rising energy costs. SAP has been utilizing renewable electricity for its data centers and offices since 2014, and its partnership with EKOenergy involves a contribution of €0.10 per megawatt hour to EKOenergy's Climate Fund. Additionally, SAP aligns its sustainability efforts with the United Nations' Sustainability Development Goals and aims to achieve net-zero emissions by 2030.

The EKOenergy label, recognized internationally, is critical for validating renewable energy sources and preventing greenwashing, ensuring that energy production and consumption are credible and sustainable.

SAP is advancing its commitment to sustainability through a range of initiatives focused on electric vehicles (EVs). Launched in 2011, the Green Car policy offers subsidies for employees purchasing EVs, supported by charging stations at their Bengaluru campus. By 2022, 95% of cabs used for employee shifts were electric, with a goal of achieving a 95% green commute by the end of 2023. Currently, the campus hosts 65 charging stations and has introduced a self-driving electric vehicle for internal services. SAP Labs India also collaborates with Yulu for first- and last-mile connectivity and partnered with Ather Energy to promote EV use among its employees. The SAP E-Mobility solution aims to facilitate the transition to sustainable electric mobility, reflecting SAP's commitment to decarbonizing the transport sector.

SAP announced that Dutch chemical company Royal DSM has undertaken a global transformation of its procurement practices, using SAP Business Network and SAP Ariba solutions. This initiative aims to enhance sustainability in indirect procurement while achieving cost savings through its buy.SMART program. Key insights from DSM's journey include leveraging a business network for efficiency, utilizing independent sustainability ratings for supplier assessment, piloting in challenging markets like Brazil, standardizing processes, and prioritizing change management to ensure employee engagement and successful adoption of new technologies. By embedding sustainability into procurement, DSM aims to create a positive environmental and social impact.

FourKites announced the appointment of Rocky Subramanian as President, effective immediately. Subramanian, a veteran leader from Ceridian, SAP, and Oracle, will drive customer growth and digital supply chain transformation. CEO Mathew Elenjickal highlighted Subramanian's track record in scaling revenue organizations and championing diversity. Under his leadership, Ceridian saw revenues exceed $1.2B and SAP's unit grew to $1.8B. FourKites has achieved 70% growth in new customers in 2022, with over 1,200 brands, including 50% of the Fortune 500, now using its services.

SAP continues its commitment to autism inclusion through its Autism at Work program, launched in 2013. The initiative aims to foster a supportive workplace for neurodivergent individuals, offering tailored interview processes and ongoing accommodations. With over 215 hires linked to the program, SAP underscores its dedication to diversity, helping autistic employees thrive in their roles. The Autism Inclusion Network (AIN) further supports this effort by promoting belonging and enhancing internal diversity discussions. This cultural shift ensures that autistic talents feel empowered and valued within the company.

SAP SE (NYSE: SAP) announced the extension of contracts for Executive Board Members Julia White and Scott Russell until 2027. This decision reflects the Supervisory Board's confidence in their leadership, noting significant contributions to the company. In contrast, Sabine Bendiek, Chief People & Operating Officer, will not renew her contract, which expires on December 31, 2023. Bendiek's departure is seen as a loss by the Board, acknowledging her role in promoting innovative practices within the company. The Board will initiate a search for her successor shortly.

SAP emphasizes the need for energy-intensive industries to achieve business resilience amid rising fuel costs and sustainability regulations. In a recent report, Catherine Garcera, global head of Sustainability at SAP, outlines three key steps for organizations:

• Power Up Energy Savings: Utilize digital twins for real-time energy analysis to identify discrepancies and forecast costs, potentially saving up to 17% in consumption.
• Transition to Green Energy: Focus on renewable energy solutions while ensuring accurate tracking of CO2 emissions.
• Explore New Energy Trends: Adapt energy strategies to comply with sustainability regulations and manage costs effectively.

Accurate data is vital for fostering resilience and sustainability.

SAP emphasizes the link between climate change and job creation in its latest insights on reskilling for a green transition. Global leaders from SAP discuss the urgent need for new green skills to address the upcoming talent shortage, projected to exceed 85 million by 2030. They highlight the importance of corporate social responsibility (CSR) in supporting this shift, calling for collaboration among governments, businesses, and individuals. The company also stresses the necessity of job design, talent attraction, and development strategies in achieving sustainability goals. Moreover, SAP's partnership with UNICEF aims to enhance employability among marginalized youth in several countries.

SAP announced the development of the Coldplay Music Of The Spheres World Tour app, which focuses on sustainable choices for concert attendees. The app calculates the carbon footprint of travel to and from shows and rewards fans for opting for low-carbon options. Over 350,000 fans in 150 countries have downloaded the app since its launch in 2022. SAP collaborated closely with a blind fan to improve the app's accessibility features to better cater to users with disabilities. The app is now optimized for use by blind and visually impaired fans, enhancing their concert experience while supporting Coldplay's sustainability initiative.