Teams of EY professionals are advising SAP and customers on the core design and blueprint of the next generation of software solutions to create more impactful climate, nature and social impact strategies.
This collaboration supports organizations by extending sustainability functionality into offerings tailored to specific needs. These technologies include the SAP Sustainability Control Tower solutions where EY teams will work with SAP to define the capabilities needed for the next generation of sustainability solutions.
EY solutions leveraging SAP Sustainability Control Tower allow organizations to progress from record to report to action, report against multiple regulatory frameworks and embed sustainability metrics in their internal performance management processes.
Both teams are helping companies embed environmental considerations in business processes across finance, tax, supply chain, manufacturing and HR as part of their digital transformation with SAP S/4HANA Cloud.
In addition, EY teams are bringing market-leading climate change consulting and carbon accounting experience to help realize the green ledger concept envisioned by SAP. Both companies will collaborate with select clients to further develop the requirements and analytics needed to move greenhouse gas accounting from estimates to a more accurate reflection of a company’s footprint.
The EY organization is providing real-time legal and regulatory updates on sustainability incentives, carbon regimes, environmental taxes and tax exemptions across the globe to support SAP’s Responsible Design and Production solution.
Both companies plan to continue with go-to-market activity to support SAP S/4HANA, the RISE with SAP solution and the GROW with SAP solution with sustainability use cases and accelerators.
Steve Varley, EY global senior advisor, said: “Organizations need to shift from talking about pledges and promises to showcasing evidence of what they have achieved, actions taken and progress. Leveraging accurate and comparable sustainability data at the same level as financial data can help accomplish this.
“This expanded alliance will allow both EY and SAP to provide clients with services, capabilities and technology needed to create and protect value.”
Gunther Rothermel, co-general manager and chief product officer for SAP Sustainability, said: “Together, SAP and EY can achieve even greater market and planetary impact by working together on a joint sustainability ambition. Customers want the ability to track sustainability metrics the same way they do financial data and we’re focused on helping them do that. Leveraging our already strong collaboration, we will help customers advance their sustainability journey by embedding sustainability data into business processes and decisions.”