Global professional services firm Accenture and leading enterprise application software company SAP announced today an extension of their existing relationship, with a partnership aimed at jointly creating solutions that can empower companies to accelerate their progress on fully decarbonizing their supply chains, and to capture value from the economic growth resulting from the circular economy.
Christian Klein, Chief Executive Officer at SAP, said:
“To successfully tackle the greatest threat to our world today, we need to collaborate at every level of business and society. Building on our long-standing and trusted partnership, SAP and Accenture are joining forces to help our customers realize long-term growth in a sustainable way. We’re creating visibility into the environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact across the entire value chain, providing enterprises with the insights they need to take the right action and accelerate their transition to the circular economy.”
According to Accenture and SAP, under the expanded initiative the companies will co-innovate and co-develop SAP’s new solution for responsible production and design, which includes capabilities that help companies embed sustainability metrics across their value and supply chains with a focus on product design and manufacturing. The solutions aim to enable companies to better design and produce products with less waste, improved recyclability and more recycled content, while mitigating the growing cost of compliance driven by new regulations for packaging and extended producer responsibility (EPR) regulations.
Accenture also supports SAP’s Climate 21 initiative, which allows companies in any industry to use analytics to measure and minimize carbon dioxide (CO2) emissions and lower the carbon footprint across the product lifecycle.
The expanded partnership follows the recent announcement by the companies of the joint launch of the Sustainable Future program, a global sustainability-focused accelerator aimed at helping early-stage B2B startups drive digital transformation and innovation in the four target areas of carbon tracking and trading, resource efficiency, climate risk tracking and mitigation, and circular economy.
Julie Sweet, Chief Executive Officer at Accenture, said:
“Our work together will enable SAP’s customers, which include 92% of the Forbes Global 2000, to use their core systems to help drive their sustainability agenda, optimize their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. performance and achieve their goals. This expanded collaboration builds on our long history with SAP — including our joint partnership with the United Nations Global Compact and 3M — and our shared commitment to drive adoption of the Sustainable Development Goals.”
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