Sap Se - SAP STOCK NEWS

SAP has introduced a suite of cloud-based solutions to help companies implement a robust sustainability management system. This system is important for future-proofing businesses and complying with increasing regulations like the Corporate Sustainability Reporting Directive (CSRD). SAP's approach focuses on five key principles:

1. Using reliable ERP data as a foundation
2. Providing a complete view for regulatory reporting
3. Enabling in-depth calculations where needed
4. Facilitating data exchange with suppliers and customers
5. Driving transformation in operational processes and transitioning to carbon accounting

SAP's solutions include SAP Sustainability Control Tower, SAP Sustainability Footprint Management, SAP Sustainability Data Exchange, and integration with SAP Green Ledger. These tools allow companies to calculate carbon footprints, generate ESG reports, and make data-driven decisions to improve sustainability performance.

The Economist Impact report sponsored by SAP highlights the growing role of procurement in risk management and sustainability. The report, titled 'Across the procurement-verse: Changing trends in the procurement function', reveals a significant boost in executive confidence in procurement's ability to handle internal risks, rising from 64% to 83%. However, confidence in managing external risks has declined from 62% to 41% due to ongoing global challenges.

Key strategies for mitigating these risks include supply chain diversification, technological investments, and reshoring. Procurement is increasingly pivotal in ESG initiatives, with its importance rising from fifth to second place in the past year. The report also underscores the necessity of compliance with new regulations like ESRS and CSRD, with 68% of executives now confident in procurement's ESG capabilities, up from 49%.

SAP's technologies, such as the SAP Business Network, have facilitated vast B2B transactions and are critical for enhancing procurement processes and achieving strategic priorities.

SAP is partnering with organizations like UNICEF to support young innovators in addressing climate change and air pollution. The company recognizes that over 1 billion children globally are at extremely high risk due to climate impacts. SAP's enterprise software expertise is being leveraged to help large companies drive sustainability across their value chains.

The PR highlights the story of Enkhuun Byambadorj, a young innovator from Mongolia who co-founded Breathe Mongolia at age 17. This organization uses technology to provide centralized air quality data for Mongolian communities, addressing the severe air pollution problem in the country.

As Climate Week approaches, SAP is collaborating with GenU, a UNICEF initiative, to represent the value of working with young innovators. The company is committed to supporting youth inclusion in innovation strategies and sustainability programs throughout the year.

SAP SE (NYSE: SAP) has announced the participation of its executives in an upcoming investor event. Dominik Asam, CFO and member of the SAP Executive Board, will hold a Fireside Chat at the Goldman Sachs Communacopia & Technology Conference in San Francisco, California, US. The event is scheduled for Tuesday, September 10, 2024, from 5:50 pm to 6:25 pm CEST (11:50 am to 12:25 pm EDT).

The event will be webcast, and a replay will be available on the SAP Investor Relations website. For questions about the event, investors can contact SAP Investor Relations via email at investor@sap.com or by phone at +49 6227 767336 during CET office hours.

SAP SE announced that Chief Technology Officer and Executive Board Member Dr.-Ing. Jürgen Müller will leave the company's Executive Board, effective September 30, 2024. This decision comes after a mutual agreement with the SAP Supervisory Board following an incident at a past company event where Müller's behavior was deemed inappropriate. Müller apologized and took full responsibility for his actions.

Müller played a important role in establishing the SAP Business Technology Platform (BTP), which serves over 23,000 live customers. In the interim, SAP CEO Christian Klein will assume responsibility for most of the Technology and Innovation Board area, while the Global Security & Cloud Compliance team will join the Customer Services & Delivery Board area under Thomas Saueressig.

SAP is actively supporting social enterprises through its corporate social responsibility strategy, which includes knowledge transfer and social procurement. The company's Acceleration Collective initiative, hosted on the TRANSFORM Support Hub, facilitates pro bono consulting for social enterprises. In 2023, 120 SAP employees completed 51 projects, generating an in-kind contribution of $458,835. This initiative benefits both social enterprises and SAP employees, fostering growth and valuable experiential learning.

The press release highlights several successful collaborations, including SAP employees assisting organizations like Faces Up Uganda, Elli Cares, Key Farmers Cameroon, and Alexa Goodman Consulting. These projects ranged from enhancing strategic plans and funding strategies to optimizing online presence and scaling operations.

SAP SE announced that Xerox Holdings Corp. has chosen multiple SAP solutions to transform its enterprise architecture as part of its multi-year Reinvention. Xerox selected the RISE with SAP solution to move to the cloud, adopting a clean core approach to streamline operations across markets and business processes. By implementing SAP S/4HANA Cloud, Xerox aims to reduce IT costs, standardize global processes, and simplify its application landscape.

Xerox will also utilize other cloud solutions, including SAP Business AI, the SAP Customer Experience portfolio, SAP Business Technology Platform (SAP BTP), and supply management solutions. This integrated platform will provide real-time insights across finance, supply chain, and sales functions, enabling greater agility and cost reduction. Additionally, Xerox will leverage SAP's digital supply chain solutions to optimize operations and improve inventory visibility across nearly 145 countries.

SAP SE announced that Executive Board members Scott Russell and Julia White will leave the company on August 31, 2024. Russell, Chief Revenue Officer, helped customers transition to the cloud, while White, Chief Marketing and Solutions Officer, modernized marketing and built product marketing for a cloud-first model. CEO Christian Klein will temporarily lead sales, and product marketing will be integrated with product teams. The SAP Supervisory Board views this as an opportunity to enter the next growth phase, focusing on a Suite- and AI-first strategy. These changes aim to accelerate SAP's transformation and strengthen its position as a leading enterprise software company.

SAP has been recognized as one of the world's most sustainable companies in 2024, ranking 15th out of 500 companies in a study by TIME magazine and Statista. The study measures companies' performance against climate programs and emissions targets. SAP's commitment to sustainability is reflected in its comprehensive portfolio of cloud-based and AI-enabled sustainability solutions, helping customers across 26 industries become more sustainable.

SAP has received numerous sustainability accolades, including:

• 48th position in Corporate Knights' Global 100 ranking
• Top 5% in S&P Global's Corporate Sustainability Assessment
• Gold medal from EcoVadis, ranking in the 94th percentile
• Inclusion in the FTSE4Good Index Series
• 3rd place in IDC Sustainability Index for Software Providers
• AAA rating from MSCI ESG Research
• Low-risk ESG rating from Sustainalytics

These recognitions underscore SAP's role as a leader in sustainable business practices and its commitment to achieving net-zero emissions across its entire value chain by 2030.