Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer...
SAP Makes Progress in its Sustainable Goals in Third Quarter
SAP has earned recognition within the industry for leading the way in sustainability, as it continues to make marked progress towards attaining its sustainability goals. This was revealed in SAP's third quarter sustainability update. The company has been improving its holistic management of opportunities and risks, both for itself and its clients. SAP has set an ambitious annual carbon target for itself at 480 kilotons, but its pressing need for business travel continues to be a hurdle in achieving this target.
SAP has earned a number of accolades and awards in recent times for its efforts to promote sustainability. The company has been ranked as the leader in the software sector for the sixth consecutive year on the Dow Jones Sustainability Indexes. The company has managed to improve its scores in all three sustainability areas, including economic, social and environmental. SAP has moved up from twentieth position in 2011 to eighth position on the Newsweek Green Ranking 2012 list.
SAP America has been recognized by the U.S Environmental Protection Agency (EPA) among the Top 20 Tech and Telecom green power users because of its sourcing of electricity from renewable sources. As of July 2012, the company had moved up from 17th to 11th position in the EPA Top 20 rankings. According to the EPA estimates, green power purchases of SAP America at nearly 42 million KWH is equivalent to avoid the carbon emissions of approximately 6,000 passenger vehicles a year.
BrandLogic's Sustainability Leadership Report recognized SAP as a leader, which tracks actual performance versus perceived progress in sustainability. SAP moved into the category of leaders for excellent in both areas.
The chief sustainability officer of SAP, Peter Graf, said: "Last quarter, SAP received wide industry recognition for our sustainability efforts and successes, demonstrating that our comprehensive approach works. We continue to consider sustainability multi-faceted, encompassing social, economic and environmental areas. All three must be successful and linked in order to make a significant difference and improve how the world runs."
Photo Credit: spekulator