Sap Se - SAP STOCK NEWS

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.

SAP has partnered with the German Agency for International Cooperation (GIZ) to develop software solutions for green hydrogen certification in Brazil and Germany. This initiative aims to support Brazilian suppliers in proving the green origin of their hydrogen, aligning with the EU's goal to produce and import 10 million tons of renewable hydrogen by 2030. The collaboration will leverage blockchain technology to enhance supply chain transparency and facilitate compliance with certification rules. Funded by the German Federal Ministry for Economic Affairs, this project is expected to boost local jobs and economic growth in the green hydrogen sector.

SAP SE (NYSE: SAP) has launched GROW with SAP, a new cloud ERP offering aimed at midsize businesses. This initiative allows these companies to adopt industry best practices quickly, improving agility and innovation. With features like embedded AI and rapid deployment, users can go live within four weeks. The offering integrates SAP S/4HANA Cloud and includes resources for businesses to define custom processes. IDC research indicates that midsize firms face growing complexity similar to larger enterprises. The launch aims to better cater to the specific needs of these businesses, supported by a global partner ecosystem.

SAP promotes diversity and inclusion in its software presales teams, featuring equal representation of women. In an interview, Chief Diversity & Inclusion Officer Supriya Jha speaks with Chris McLellan, Head of SAP SuccessFactors Solution Advisory, highlighting his commitment to these values. SAP emphasizes the importance of a diverse workforce that mirrors the communities it serves. The company aims to create an inclusive environment throughout the employee lifecycle while holding leaders accountable for fostering this culture. For more details on SAP's diversity initiatives, visit their official diversity page.

SAP recently highlighted the challenges faced by the food supply chain due to the diverse origin of ingredients and the need for rapid delivery to prevent spoilage. During the SAP.iO Foundries Sustainable Agriculture Latin America Demo Day, startups showcased innovative solutions aimed at enhancing transportation efficiency, transparency, and agility, which are crucial for reducing food waste—a UN goal to cut global food waste in half by 2030.

This initiative addresses critical issues such as hygiene standards and climatic storage conditions necessary for preserving food quality, emphasizing the importance of efficient logistics in the food industry.

SAP SE has agreed to sell its 423 million shares of Qualtrics International Inc. to Silver Lake and CPP Investments for US$18.15 per share, valuing Qualtrics at approximately US$12.5 billion. This sale represents a 73% premium over Qualtrics' 30-day average trading price prior to the announcement. The deal, which will net SAP around US$7.7 billion, is expected to close in the second half of 2023, pending regulatory approvals. Since SAP acquired Qualtrics in 2019, the company has tripled its revenue, now servicing over 18,000 brands. SAP intends to remain a partner to Qualtrics post-sale.