SAP Goes Beyond Net Zero With Contributions to Global Climate Projects
SAP is expanding its net-zero strategy in 2024 by increasing its commitment to nature conservation and making financial contributions to climate projects. The company will support carbon removal and carbon reduction projects, including reforestation and energy efficiency initiatives. SAP aims to plant and protect 25 million trees by 2030, up from its previous goal of 21 million by 2025. The company will also fund the conservation of coastal and inland wetlands.
SAP's financial contribution is determined by its own emissions and will be disclosed in terms of carbon emissions. The company believes that financing climate projects beyond its value chain should be part of every corporate sustainability agenda. SAP continues to pursue its goal of achieving net-zero emissions by 2030, 20 years earlier than initially planned.
SAP sta espandendo la sua strategia per raggiungere la neutralità carbonica nel 2024 aumentando il proprio impegno nella conservazione della natura e contribuendo finanziariamente a progetti climatici. L'azienda supporterà progetti di rimozione e riduzione del carbonio, inclusi iniziative di riforestazione e di efficienza energetica. SAP mira a piantare e proteggere 25 milioni di alberi entro il 2030, rispetto al precedente obiettivo di 21 milioni entro il 2025. L'azienda finanzierà anche la conservazione delle zone umide costiere e interne.
Il contributo finanziario di SAP è determinato dalle proprie emissioni e sarà divulgato in termini di emissioni di carbonio. L'azienda crede che finanziare progetti climatici oltre la propria catena del valore debba far parte di ogni agenda di sostenibilità aziendale. SAP continua a perseguire il proprio obiettivo di raggiungere emissioni nette zero entro il 2030, 20 anni prima del previsto inizialmente.
SAP está ampliando su estrategia de cero emisiones netas en 2024 al aumentar su compromiso con la conservación de la naturaleza y realizar aportaciones financieras a proyectos climáticos. La empresa apoyará proyectos de eliminación y reducción de carbono, incluyendo iniciativas de reforestación y eficiencia energética. SAP tiene como objetivo plantar y proteger 25 millones de árboles para 2030, superando su objetivo anterior de 21 millones para 2025. La empresa también financiará la conservación de humedales costeros e interiores.
La contribución financiera de SAP se determina por sus propias emisiones y se divulgará en términos de emisiones de carbono. La empresa cree que financiar proyectos climáticos más allá de su cadena de valor debería ser parte de toda agenda de sostenibilidad corporativa. SAP continúa persiguiendo su objetivo de alcanzar emisiones netas cero para 2030, 20 años antes de lo previsto inicialmente.
SAP는 2024년에 탄소 중립 전략을 확장하고 있습니다 자연 보호에 대한 헌신을 강화하고 기후 프로젝트에 재정 기여를 하고 있습니다. 회사는 탄소 제거 및 탄소 감소 프로젝트, 재조림 및 에너지 효율성 이니셔티브를 지원할 것입니다. SAP는 2030년까지 2천500만 그루의 나무를 심고 보호하는 것을 목표로 하고 있습니다, 이전 목표인 2025년까지 2천100만 그루에서 증가했습니다. 회사는 또한 해안 및 내륙 습지 보존에 자금을 지원할 것입니다.
SAP의 재정 기여는 자사의 배출량에 따라 결정되며 탄소 배출 측면에서 공개됩니다. 회사는 가치 사슬을 넘어 기후 프로젝트에 자금을 지원하는 것이 모든 기업의 지속 가능성 의제가 되어야 한다고 믿고 있습니다. SAP는 2030년까지 탄소 배출 제로 목표를 달성하기 위해 계속 노력하고 있습니다, 초기 계획보다 20년 더 빠릅니다.
SAP élargit sa stratégie de neutralité carbone en 2024 en augmentant son engagement envers la conservation de la nature et en apportant des contributions financières à des projets climatiques. L'entreprise soutiendra des projets de réduction et d'élimination du carbone, y compris des initiatives de reboisement et d'efficacité énergétique. SAP vise à planter et protéger 25 millions d'arbres d'ici 2030, contre un objectif précédent de 21 millions d'ici 2025. L'entreprise financera également la conservation des zones humides côtières et intérieures.
La contribution financière de SAP est déterminée par ses propres émissions et sera divulguée en termes d'émissions de carbone. L'entreprise estime que le financement de projets climatiques au-delà de sa chaîne de valeur devrait faire partie de l'agenda de durabilité de chaque entreprise. SAP continue de poursuivre son objectif d'atteindre des émissions nettes nulles d'ici 2030, 20 ans plus tôt que prévu initialement.
SAP erweitert seine Netto-Null-Strategie im Jahr 2024, indem es sein Engagement für den Naturschutz erhöht und finanzielle Mittel für Klimaprojekte bereitstellt. Das Unternehmen wird Projekte zur Kohlenstoffentfernung und -reduktion unterstützen, einschließlich Aufforstungs- und Energieeffizienzinitiativen. SAP plant, bis 2030 25 Millionen Bäume zu pflanzen und zu schützen, im Vergleich zu dem vorherigen Ziel von 21 Millionen bis 2025. Das Unternehmen wird auch die Erhaltung von Küsten- und Binnenfeuchtgebieten finanzieren.
Der finanzielle Beitrag von SAP wird durch die eigenen Emissionen bestimmt und in Bezug auf die Kohlenstoffemissionen offengelegt. Das Unternehmen glaubt, dass die Finanzierung von Klimaprojekten über die eigene Wertschöpfungskette hinaus Teil jeder Unternehmensnachhaltigkeitsagenda sein sollte. SAP verfolgt weiterhin das Ziel, bis 2030 netto null Emissionen zu erreichen, 20 Jahre früher als ursprünglich geplant.
- SAP is expanding its commitment to nature conservation and climate projects
- The company aims to plant and protect 25 million trees by 2030, an increase from its previous goal
- SAP is funding the conservation of coastal and inland wetlands
- The company is on track to achieve net-zero emissions by 2030, 20 years ahead of schedule
- None.
NORTHAMPTON, MA / ACCESSWIRE / September 26, 2024 / SAP
Feature by Alexa MacDonald
Starting in 2024, SAP is doubling down on its net-zero strategy by expanding its commitment to nature conservation and making financial contributions to climate projects.
The financial contribution will support carbon removal and carbon reduction projects:
Carbon removal projects: These projects remove carbon emissions from the atmosphere and store them for decades - in an ideal scenario, the storage is permanent. Examples include nature-based and technical solutions such as reforestation, where trees store carbon emissions in their biomass as well as direct air capture and storage technologies.
Carbon reduction projects: Also known as carbon avoidance projects, these projects prevent additional carbon emissions from entering the atmosphere, reducing the overall amount of carbon emitted. Examples include avoided deforestation or energy efficiency projects.
This doubling down on its net-zero strategy follows SAP's successful delivery on its pledge to become carbon neutral in its own operations in 2023 by balancing out unavoidable emissions with carefully selected carbon credits. While the company's use of the statement "carbon-neutrality" will be discontinued, the dedication to reduce its carbon footprint and finance climate action beyond its own value chain remains strong.
Net zero is a state where the greenhouse gases going into the atmosphere are balanced by removal out of the atmosphere. There are a number of definitions of net zero and how companies can achieve it. SAP follows the Science Based Targets initiative's (SBTi) Net-Zero Standard. Achieving net-zero emissions across our entire value chain means that all our emissions across all emission sources need to be either eliminated or, up to certain limits, compensated for. These emission areas, known as scopes, include those from our own operations, those generated by the energy we purchase to run operations, and finally, the largest area, external emissions such as those incurred by employee travel, items procured, and customer data center use.
SAP Is On Track to Plant 21 Million Trees and Plans More
SAP is on track to meet its 2025 goal of planting 21 million trees and has now raised its reforestation commitment.
By 2030, SAP will support trusted partners and communities to plant and protect a total of 25 million trees helping to conserve diverse forests. Furthermore, SAP will fund the conservation and rewetting of coastal and inland wetlands such as bogs and mangrove swamps. With these conservation initiatives and the increased reforestation pledge, SAP's goal is to conserve more land than its offices and owned data centers occupy worldwide.
To ensure that selected projects deliver a positive outcome, SAP will continue to apply the rigorous and robust due diligence that has previously informed the selection of successful climate investments such as SAP's long partnership with Livelihood Carbon Funds (LCF), where SAP has funded the planting of trees in Senegal, Rwanda, India, Indonesia, Guatemala, and Mexico.
Bridging the Gap
SAP firmly believes that financing climate projects beyond a company's value chain should be an item on every corporate sustainability agenda. As long as it does not undermine current corporate decarbonization programs, the financial muscle of corporations can bridge the gap in parts of the world where fiscal finances are not robust enough to restore ecosystems and build resilient low carbon economies and livelihoods.
This financial contribution will provide quantifiable benefits to mitigate the effects of climate change beyond SAP's own value chain with investments in projects that deliver a positive impact for the climate, for local and global populations, and for biodiversity.
The level of the financial contribution is determined by SAP's own emissions in a given year and is disclosed in terms of carbon emissions, since costs for carbon projects can be subject to change.
With this financial contribution and increased commitment to land conservation and reforestation, SAP continues its journey to introduce meaningful measures to achieve net-zero in 2030, 20 years earlier than originally planned.
Financing climate projects at the same time as pursuing its corporate net-zero agenda allows SAP to take responsibility for emissions that cannot be avoided and actively mitigate climate change on a global level. Furthermore, the financial contribution will enable positive climate action on a far greater scale than SAP could achieve alone.
Shifting Perceptions
In the last 15 years, corporate sustainability at SAP has shifted perceptions on how corporations manage their own carbon emissions and how corporate sustainability agendas must be as actionable as they are accountable.
Since 2012, the SAP Integrated Report has shared information on SAP's annual environmental performance and progress on corporate sustainability targets. SAP has led the way in showing that corporate sustainability is an integral part of business - not just an add-on to strategy or operations.
SAP's carbon impact is one of the sustainability KPIs that are indicators of future performance and form the basis of compensation elements for members of the Executive Board of SAP SE. Today, sustainability is deeply embedded in SAP's vision to bring out the best in every business. With its extensive portfolio of sustainability solutions, sustainability is anchored in SAP's purpose to make the world run better and improve people's lives.
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SOURCE: SAP
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