But just four in ten (44 per cent) of respondents said they have invested in data analysis to measure sustainability in their business, and a similar amount (43 per cent) said they were training staff how to capture sustainability data. Too much focus on compliance was cited as the third highest challenge to sustainability success by Indian respondents.Īccess to accurate and insightful data throughout the business value chain is critical to maximizing sustainability outcomes. It’s clear that organisations may need to refocus their strategies to achieve greater value from sustainability. This aligns with the fact that regulatory compliance (45 per cent) is the major benefit derived ahead of reduced carbon emissions and increased operational visibility. More than half of Indian respondents (60 per cent) noted that regulatory mandates are the primary drivers of their sustainability strategies. Regulatory compliance is both key sustainability driver and a challenge At SAP, we’re dedicated to enable businesses of all sizes and industries in achieving their sustainability goals,” he added. “The use of technology can aid us strategically to assist companies realize real, genuine, and quantifiable business value. “It’s a positive sign that Indian organizations believe it is viable to improve profits and protect the environment at the same time,” said Kulmeet Bawa, President & Managing Director, SAP Indian Subcontinent. More importantly, out of the organizations that have acted upon a sustainability strategy, only 7 per cent are receiving significant value from it. The study found that just 17% of respondents have calculated their total organizational carbon input. The study also revealed that although the significance of sustainability is well understood, much work remains to be done to ensure sustainability ambition translates into action. A recent study by Oxford Economics and SAP (NYSE: SAP), has revealed Indian businesses today recognize the potential of sustainability to unlock business value, with 62 per cent of companies noting it’s not difficult to be sustainable and profitable at the same time.
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