## SAP Recognized for Leading Sustainability Efforts in Energy and Oil & Gas
SAP, a global leader in enterprise application software and services, has been lauded by Frost & Sullivan for its exceptional commitment to sustainability in the energy, oil, and gas industries. The company’s dedication to driving sustainable practices and empowering its customers to do the same has earned it the prestigious 2024 Global Company of the Year Award from Frost & Sullivan.
SAP’s comprehensive suite of applications and solutions spans various critical areas, including supply chain management, finance, and data analytics. This robust offering enables businesses to adapt to changing market conditions while prioritizing sustainable practices. The company’s vision aligns with the United Nations’ Sustainable Development Goals, aiming for net-zero emissions across its value chain by 2030. This commitment is further emphasized by SAP’s ongoing efforts to improve energy efficiency, eliminate electronic waste, enhance waste management, reduce water consumption, and raise awareness about sustainability.
A Holistic Approach to Sustainability:
SAP’s solutions go beyond simply reducing environmental impact; they actively enhance sustainability and efficiency across various industries. The company’s technology enables the creation of new markets, such as the hydrogen fuel cell vehicle sector, by addressing challenges related to hydrogen availability and facilitating sustainable transportation growth. Additionally, SAP assists in converting traditional oil refineries to biodiesel production facilities, aligning operations with global sustainability goals and capitalizing on renewable energy opportunities.
Empowering Customers with Data-Driven Insights:
SAP’s ‘We Measure’ program allows organizations to accurately measure their carbon footprint at various levels, enabling them to set and track key performance indicators (KPIs) related to their CO2 impact. This data-driven approach provides valuable insights for informed decision-making and progress tracking. Furthermore, SAP supports the creation of sustainability reports that comply with recognized standards such as the Center for Sustainable Rural Livelihoods and the Global Reporting Initiative. By automating data gathering and reporting, SAP ensures accuracy and efficiency in the process.
The Power of Integration and Collaboration:
Samantha Fisher, Best Practices Research Analyst at Frost & Sullivan, highlights the importance of harmonized data for effective sustainability reporting. SAP solutions like the Enterprise Sustainability Hub integrate data from various sources, including SAP and non-SAP systems, streamlining the reporting process. This approach accommodates customers at different levels of sustainability maturity, from manual spreadsheet-based processes to fully automated systems.
Partnering for Sustainable Success:
SAP’s commitment to innovation and sustainability is further solidified through its strategic partnerships. By collaborating with industry experts, the company leverages collective knowledge and expertise to meet diverse market demands and drive meaningful impact. This collaborative approach ensures that SAP’s solutions are tailored to the specific needs of each industry and customer.
A Future Rooted in Sustainability:
Paulina Blaszczyk, Industry Analyst at Frost & Sullivan, emphasizes SAP’s reputation as a trusted partner in the energy and oil & gas industries. The company’s dedication to integrating sustainability initiatives into its operations and solutions fosters transparency and builds customer confidence. By offering comprehensive tools across various sectors to accurately measure environmental impact and support sustainable growth, SAP remains a frontrunner in driving positive change.
Frost & Sullivan’s Global Company of the Year Award recognizes organizations that demonstrate exceptional growth strategy implementation and innovation. SAP’s commitment to sustainability, coupled with its advanced digital technologies and robust analytics, positions the company as a critical partner in the digital transformation of the energy and O&G industries. SAP’s leadership in this space is paving the way for a more sustainable future.
