Climate change, materials use, air pollution, solid waste and resource availability were the top sustainability issues business executives identified for investment, according to a new global research study sponsored by\u00a0SAP SE\u00a0(NYSE: SAP). But implementing and scaling plans for action are still obstacles many encounter.<\/p>\n\n\n\n
\u201cImproving the Environment at Planetary Scale: A Survey of Business Drivers and Actions\u201d explores steps businesses are taking to improve the environment, and the challenges they face. The study was discussed at the recent virtual\u00a0SAP Sustainability Summit. The summit focused on how companies are reducing their environmental footprints and managing limited resources productively while steering and reporting their businesses holistically.\u00a0<\/p>\n\n\n\n
Based on feedback from more than 7,400 business executives, spanning 19 countries and 16 industries, the survey also found:<\/p>\n\n\n\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The greatest percentage of respondents (29%) said industry regulations were an underlying reason for investing in environmental issues. However, 27% cited strengthening society\u2019s approval of their organization as a strong underlying reason, while 26% cited risks to company reputation.<\/p>\n\n\n\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CEO and board commitment as well as governmental regulations tied as top motivator. Revenue and profit growth were close seconds, demonstrating that environmental actions are influenced by internal as well as external pressures.<\/p>\n\n\n\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Uncertainty as to how to embed sustainability into business processes and IT systems was seen as the greatest barrier to implementing plans for action, at 35%. Aligning the proposed actions with overall business strategy (34%) was second and difficulty proving ROI (33%) followed.<\/p>\n\n\n\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Only 21% of individuals surveyed said they are completely satisfied with the quality of the data for environmental issue areas, with the primary reason being lack of confidence that data is complete and covers the required scope.<\/p>\n\n\n\n
\u201cThe results of this study show that that 83% of businesses do not believe that environmental impacts are material to their business right now,\u201d SAP Chief Sustainability Officer Daniel Schmid said. \u201cBusinesses need to recognize that environmental issues are important now. With an increasing percentage of consumers focused on values and ethics of the businesses they buy from, we have an important responsibility to help organizations better understand the business impacts of the climate crisis, overcome the barriers identified in this report and accelerate their pace toward climate action.\u201d<\/p>\n\n\n\n
Register for the virtual live experience\u00a0here. To be notified when the final survey results are published, please visit and subscribe to\u00a0SAP Insights.\u00a0<\/p>\n\n\n\n
For SAP news, visit the\u00a0SAP News Center.\u00a0Follow SAP on Twitter at\u00a0@SAPMENA<\/a>\u00a0and\u00a0@SAPNews.<\/p>\n\n\n\n Visit the\u00a0SAP News Center<\/a>.\u00a0Follow SAP on Twitter:\u00a0@SAPMENA<\/a>\u00a0and\u00a0@sapnews<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Climate change, materials use, air pollution, solid waste and resource availability were the top sustainability issues business executives identified for investment, according to a new global research study sponsored by\u00a0SAP SE\u00a0(NYSE: SAP). But implementing and scaling plans for action are still obstacles many encounter. \u201cImproving the Environment at Planetary Scale: A Survey of Business Drivers […]<\/p>\n","protected":false},"author":1,"featured_media":11399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-11397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",1270,846,false],"landscape":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",1270,846,false],"portraits":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",1270,846,false],"thumbnail":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001-150x150.jpg",150,150,true],"medium":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001-300x200.jpg",300,200,true],"large":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001-1024x682.jpg",1024,682,true],"1536x1536":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",1270,846,false],"2048x2048":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",1270,846,false],"post-thumbnail":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",630,420,false],"graptor-sq-xs":["https:\/\/cryptounplugged.ai\/blog\/wp-content\/uploads\/2021\/05\/image001.jpg",100,67,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/cryptounplugged.ai\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"Climate change, materials use, air pollution, solid waste and resource availability were the top sustainability issues business executives identified for investment, according to a new global research study sponsored by\u00a0SAP SE\u00a0(NYSE: SAP). But implementing and scaling plans for action are still obstacles many encounter. \u201cImproving the Environment at Planetary Scale: A Survey of Business Drivers…","_links":{"self":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts\/11397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/comments?post=11397"}],"version-history":[{"count":1,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts\/11397\/revisions"}],"predecessor-version":[{"id":11400,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/posts\/11397\/revisions\/11400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/media\/11399"}],"wp:attachment":[{"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/media?parent=11397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/categories?post=11397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptounplugged.ai\/blog\/wp-json\/wp\/v2\/tags?post=11397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}