Introduction
Environmental consciousness is integral to today’s business operations. Companies are increasingly required to adhere to non-financial reporting regulations, requiring them to disclose sustainability metrics and necessitating a deep understanding of various sustainability-related data, including a product's carbon footprint. SAP Sustainability Footprint Management (SFM) provides a comprehensive solution to manage and control the carbon footprint across a product's entire lifecycle.
The Offering: SAP Sustainability Footprint Management
SFM measures and controls the carbon footprint of products from their inception to their ends to deliver critical insights for strategic decision-making regarding product portfolios, investments, and procurement strategies. It facilitates a shift from focusing solely on resource efficiency to embracing a more comprehensive, eco-efficient approach, making it a pivotal tool for transparent communication with various stakeholders, including investors, customers, employees, and regulatory bodies.
Benefits of Implementing SAP Sustainability Footprint Management
Efficient Data Collection
With the integration of SAP S/4HANA Cloud and SAP S/4HANA and the ability to connect external data sources via API, SFM streamlines the data collection process, accommodating data from diverse sources, systems, and formats.
Emission Factors Management
SFM aids in determining the most suitable emission factors for purchased goods and services, leveraging data from suppliers or external sources, with a preference for supplier data by default.
Granular Reporting
SFM overcomes the challenge of insufficient initial raw data, allowing for emissions reporting by product or service with high granularity through its results dashboard.
Improved Decision-Making
The tool facilitates informed decision-making by providing detailed insights into emissions associated with all production and transportation stages.
Report Automation
SFM automates the report generation process, making it quicker and more efficient, thus simplifying the task of sustainability reporting.
Product-Level Carbon Footprint Assessment
It enables the identification of high-emission products and manufacturing steps, aiding in targeted sustainability efforts.
How msg global solutions Can Assist
msg global solutions brings a wealth of expertise in implementing SAP Sustainability Footprint Management. Our team of experts understands the intricacies of sustainability reporting and is equipped to guide companies through every step of the SFM implementation process. From initial system setup to post-implementation support, our tailored approach ensures your company's specific needs are met, facilitating a seamless transition to more sustainable business practices.
msg global's Sustainability Advisory Services
At msg global, we understand the journey toward sustainability is continuous and evolving. Our sustainability advisory services are designed to support companies at every stage of this journey. We offer strategic insights, practical advice, and hands-on assistance to help businesses integrate sustainable practices into their core operations. Our teams work closely with clients to develop and implement strategies that comply with current regulations and position them as leaders in sustainability.
Conclusion
Implementing SAP Sustainability Footprint Management with the expertise of msg global solutions is more than just complying with regulations; it's a commitment to a sustainable future. Our comprehensive approach and dedicated advisory services ensure companies are well-equipped to navigate the complexities of sustainability reporting and make meaningful strides towards environmental responsibility. Join us in shaping a sustainable world, one step at a time.
