The 27th UN Climate Change Conference of Parties (COP27) was held in Egypt this year, raising some interesting questions about the relevancy of sustainable business to African organizations and communities. Many people in this region view sustainability as an exported Western and European problem, created elsewhere but unfairly burdening Africa, which has contributed far less to climate change.
With the vast majority of business transactions around the world touching some SAP system, there is no better company to help others on their data-centric sustainability journey. Sebastian Steinhaeuser, Chief Strategy Officer, SAP, was on hand to explain how software enables companies and governments to capture and monitor data to demonstrate compliance and use it to make better decisions.
“There are three main challenges around climate data,” said Steinhaeuser.
If there were any doubts in West Africa about the impact of climate change on nations with underlying sustainability issues, including poor infrastructure and food insecurity, the recent floods in Nigeria — economic powerhouse of the region — should have dispelled them.
Delivering innovative solutions in sustainability is a top priority for SAP. The latest release of the SAP Sustainability Control Tower solution is one such innovation, painting a comprehensive picture of our customers’ environmental, social, and governance (ESG) landscapes.
Business leaders know they need to take action to run more sustainably, but many aim only for regulatory compliance and avoid the steps to deeper business transformation. Businesses say inadequate technologies explain their lack of progress in their environmental, social, and governance (ESG) strategies. What they need today is increased data transparency and collaboration to scale positive impact.
Corporate environmental, social, and governance (ESG) management has become a catalyst for companies to minimize their carbon footprints, reduce waste, and create fair, safe, and just working environments for employees.
Many companies are responding to rapidly increasing regulation in this area and have set ambitious ESG targets. Sustainable business is no longer a question of if or why, but how.
When we think about the future — of our organizations, our employees, and even our planet — sustainability is a word that immediately comes to mind. Success is no longer measured by profit alone.
It is defined by the impact an organization has on every part of its ecosystem: workers, supply chains, communities, and the environment. Yet less than one percent of organizations today are fully aligned to all 17 United Nations Sustainable Development Goals (UN SDGs).
In 57 of 108 countries, more than half of the workforce have jobs not matching their level of education. This situation is called skills mismatch. Seventy-two percent of this skills mismatch is attributed to under-education. In fact, hundreds of millions of young people find themselves unemployed and unemployable, lacking the right skills to take up the jobs available. The skills mismatch is a global challenge, and a lack of education is the root.
