SAP launched Carbon Emissions Accounting System to Address Climate Change

Your Opinion
Published: 26.04.23

SAP

SAP has become an innovative partner in the Value Chain Carbon Transparency Pathfinder program to assist businesses in keeping their promises from the World Business Council for Sustainable Development (WBCSD), a global, CEO-led organization committed to accelerating the transition to a sustainable world. 

SAP is one of the most significant ERP software in the world. There are so many companies using SAP to optimize their workflow, especially in Thailand. Did you know that recently SAP launched Carbon Emissions Accounting System to Address Climate Change?

SAP has become an innovative partner in the Value Chain Carbon Transparency Pathfinder program to assist businesses in keeping their promises from the World Business Council for Sustainable Development (WBCSD), a global, CEO-led organization committed to accelerating the transition to a sustainable world.

SAP has become an innovation partner in the Value Chain Carbon Transparency Pathfinder program from the World Business Council for Sustainable Development (WBCSD), a global, CEO-led organization committed to accelerating the transition to a sustainable world.

Why Carbon Accounting Needs to Evolve

The current accounting system for supply chain emissions relies on data that often needs more accuracy, granularity, and comparability. A carbon accounting system that mirrors the financial accounting world would help companies and consumers understand the real impact of their products. Companies should pass credible emissions data along the value chain from one company to the next, tied to specific products and services as a carbon invoice.

Two fundamental problems need to be addressed to strengthen the credibility of sustainable companies and their decarbonization activities: data quality and data access. Addressing the following issues with the help of technology will increase access to high-quality data:

-Create transparency around emissions that sit outside a company’s direct control

-Enable access to accurate data collected in real-time through automation

-Enable different carbon accounting solutions to interact using data standardization within the network through technological interoperability

-Create open and goal-oriented cooperation between technology companies and standardization bodies

-Use primary data from own operations and suppliers instead of relying on secondary data taken from sources such as IEA, EPA/EEA, or Ecoinvent to understand emission hot spots

-Apply uniform standards for the same calculations throughout the value chain

Cathcart Technology

Thailand