PwC and software company SAP have announced a new strategy to make sustainability a vital part of standard business operations. The strategy is directed at creating solutions to address key ESG business challenges, including carbon accounting, reporting and steering as well as supply chain decarbonisation and climate risk.
The new ESG strategy builds on the existing alliance between PwC and SAP, which has delivered business transformation solutions to clients in more than 80 countries.
The strategy includes co-innovated solutions aimed at enabling businesses to apply ESG metrics through their operations. The solutions will use the SAP Cloud for Sustainable Enterprises solution, along with the SAP Sustainability Control Tower solution and the SAP Product Footprint Management solution.
The PwC and SAP strategy includes an enterprise-wide ESG strategy, ranging from trading optimisation and tax credit recognition to third-party risk management and competitive analysis. Three top challenge areas for ESG, net zero and sustainability reporting will also be addressed.
“ESG has become a business imperative and is central to PwC’s global strategy, The New Equation, which aims to help clients build trust with their stakeholders and deliver sustained outcomes,” said Bob Moritz, global chairman, PwC. “New ESG reporting and disclosure requirements are being established, and greater transparency is critical to building trust. This belief is core to our new co-innovation strategy with SAP, expanding our collaboration to create a dedicated focus on ESG solution development. PwC has been working intensely to help companies deliver on the requirements needed to achieve their ESG goals.
“Combining our expertise and reputation for trust and integrity with SAP’s technology platform will help bring broader capabilities and solutions to respond to organisations’ challenges in meeting their ESG and sustainability commitments.”
Christian Klein, CEO and member of the executive board of SAP SE, added: “The key to every organisation’s ability to reach their sustainability goals and drive positive change is transparency. Our collaboration will combine the deep industry expertise and customer insights of PwC with our leading sustainability technology portfolio, and the resulting ESG transparency will help companies reinvent their business models and deliver the sustainable outcomes the world urgently needs.”
