Track carbon footprint transparently
In Switzerland, responsibility for greater sustainability will in future move from being voluntary to becoming a legal requirement - at least for larger companies. These will soon have to report their carbon footprint. In order to meet the challenges in the area of corporate sustainability, numerous organizations are already preparing for the future.
Numerous Swiss companies will be subject to new requirements in the area of non-financial reporting and due diligence in the future. This will affect companies of public interest that have at least 500 employees and a balance sheet total of CHF 20 million or sales of CHF 40 million. Part of this non-financial report are, among others, environmental and CO2-goals. Wilhelm Heckmann, Managing Director at the consulting firm CNT Management Consulting AG in Zurich, emphasizes the increasing importance of sustainability for companies: "Not only investors are increasingly paying attention to social responsibility in their investments, but customers are also placing more and more value on sustainable products and services when choosing a company." Numerous organizations are now taking these developments as an opportunity to prepare for the topic of sustainability on a digital level and thus arm themselves for future tasks.
The market is changing
Although government measures may not yet be as stringent everywhere, the impact of climate policy challenges on companies is already evident. "The market is constantly changing and the focus of change is clearly on climate measures. Consequently, consumer behavior and supply chains are also changing," Heckmann explains. In order to remain interesting for investors, companies today have to prove that they are able to cope with the increased demands in this area. In addition, the reputational risk should not be underestimated; a lack of climate protection measures could even destroy a company's reputation. According to Heckmann, it is also important to bring experts in this field into the team - and above all to be prepared in the software area. The right products make it much easier to comply with the new guidelines and also guarantee transparent corporate management.
Transparent CO2-footprint
An innovative solution for transparent tracking of CO2-The SAP Product Footprint Management system is available to companies that work with SAP: SAP Product Footprint Management. This allows CO2-SAP Product Footprint Management calculates the environmental footprint of products and the entire value chain. "SAP Product Footprint Management takes into account the entire product lifecycle and helps companies disclose the environmental footprint of their products to regulators and make their products more sustainable," Heckmann explains. By integrating emissions data with underlying business processes, company executives can actively drive change by making conscious decisions across the value chain.
CO2-Calculate emissions even before production
Product Footprint Management is also able to calculate the environmental impact of different production scenarios. "For example, it allows companies to choose the source of supply for their products based on both the cost of the raw material and its CO2-footprint," Heckmann knows. In addition, the effects on the CO2-emissions can be determined at the beginning of the product life cycle. Data exchange with customers, suppliers and business partners is also possible with the product solution.
More information and support for a switch to SAP Product Footprint Management: CNT Management Consulting.
