Accenture and SAP Extend Partnership to Help Companies and Lead Within the Circular Economy

By AIT Staff Writer On Apr 29, 2021

Innovative solutions will accelerate move by companies to embed sustainability in their core business processes and across their value and supply chains

Accenture and SAP SE are expanding their decades-long partnership to help companies embed sustainability across the full spectrum of their business operations from strategy to execution to unlock new value throughout their enterprises and in their value and supply chains.

Combining SAP technology with Accenture’s sustainability Services and broad business data, the partners are increasing their alliance to together produce new solutions which will empower corporations to accelerate their progress on totally de-carbonizing their supply chains and capture their share of the projected $4.5 trillion economic growth that the circular economy could bring.

“Implementing sustainable supply chain management and circular economy principles is an improbably challenging task for corporations, given the various set of ESG problems and multiple stakeholders involved”

Through this extended partnership, Accenture and SAP decide to co-innovate and co-develop SAP’s new solution for responsible production and style, which has capabilities that facilitate corporations implant sustainability metrics across their price and provide chains with attention on product style and manufacturing. Using integrated information from across operations, corporations will higher design and manufacture products with less waste, improved recyclability, and a lot of recycled content. This can also this will reduce the growing value of compliance-driven by new rules for packaging and extended producer responsibility (EPR) rules.

“Our work together will enable SAP’s customers, that embrace 92% of the Forbes Global 2000, to use their core systems to assist drive their property agenda, optimize their ESG performance and reach their goals,” said Julie Sweet, chief officer at Accenture. “This expanded collaboration builds on our long history with SAP as well as our joint partnership with the United Nations Global Compact and 3M and our shared commitment to drive adoption of the property Development Goals.”

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Accenture also supports SAP’s Climate 21 initiative that permits companies in any industry to use analytics to measure and minimize CO2 emissions and lower the carbon footprint across the product lifecycle. for example, analysis shows that emissions from upstream suppliers are on average over five times as high as those from direct operations.2 With property metrics extra across the end-to-end supply chain, corporations gain an integrated view of environmental savings and price impacts and additionally simply optimize their operations.

“To with success tackle the best threat to our world nowadays, we need to collaborate at each level of business and society,” said Christian Klein, chief executive officer at SAP. “Building on our long-standing and sure partnership, SAP and Accenture are joining forces to assist our customers to realize long-term growth in a sustainable way. We’re making visibility into the environmental impact across the complete value chain, providing enterprises with the insights they have to require the proper action and accelerate their transition to the circular economy.”

Last month, SAP and Accenture kicked off a global sustainability-focused accelerator program at SAP.iO Foundries in Berlin and Munich. The sustainable Future program, the biggest cohort in SAP.iO to date, aims to assist early-stage B2B startups to drive digital transformation and innovation in four target areas: carbon tracking and trading, resource efficiency, climate risk tracking and mitigation, and circular economy. 13 startups are chosen to work with SAP.iO Foundries, in tandem with Accenture specialists and leading corporations in varied industries.

“Implementing sustainable supply chain management and circular economy principles is a challenging difficult task for corporations, given the various set of ESG problems and multiple stakeholders concerned,” said Bjorn Stengel, senior research analyst, Worldwide Business Consulting, and ESG Business Services at IDC. “According to IDC’s analysis, problems around enterprises’ value creation process — product design and lifecycle management, materials sourcing, etc. — are the ESG topics which will generate the best near-term demand. This new giving from Accenture and SAP permits clients to generate critical, data-driven end-to-end insights that take into consideration non-financial metrics that are required to {create to make} sustainable supply chains and help firms create shared value.”

This collaboration is the latest in a series of initiatives from Accenture and SAP that facilitate businesses to capture value from property. The united nations global Compact with the support of Accenture and SAP SE, supporting property Development Goals (SDGs), launched SDG Ambition in January 2020 and revealed the SDG Ambition & Integration Guides in Sept 2020. along through the SDG Ambition Accelerator that began in Feb 2021, over 600 corporations in 65 countries are being upskilled to apply these tools to their businesses.