* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, June 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    Defense technology giant Northrop Grumman to host interviews in Iuka to fill technician roles – supertalk.fm

    China’s Military Introduces Mosquito-Sized Drones: A Game-Changing Surveillance Technology – Indian Defence Review

    China Unveils Mosquito-Sized Drones: Revolutionizing Surveillance Technology

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

How PwC and SAP are doing right by helping clients unlock ESG value

July 6, 2023
in Business
How PwC and SAP are doing right by helping clients unlock ESG value
Share on FacebookShare on Twitter

Achieving environmental, social, and governance (ESG) targets can increase a company’s worth beyond the feel-good. When it’s done right, it can increase company valuation with investors, open windows to subsidies, gain favorable supplier ratings with customers, and make companies attract and retain talent.

There is always a complex balance when implementing ESG goals between incentives and penalties to bring about change. One thing is for sure – meeting ESG goals can drive value if it can be done consistently, with automation and minimal costs.

Creating value with Environmental Social and Governance

A McKinsey study reveals 5 ways that ESG creates value. 

Drives top line growth by attracting customers with sustainable products and building community support, retaining existing customers looking for sustainable partners 

Reduces costs across the internal production, logistics and disposal chain

Eases the potential to earn subsidies and avoid penalties

Motivates talent acquisition and retention 

Increases the investment value of the company as it is attractive to sustainable investors

Unlock the benefits with ease

PwC Germany saw a need for clients to address new regulations and opportunities.

When presented by the new Supply Chain Due Diligence Act (SCDDA) in Germany, PwC realized their clients would need tools and processes to automate evaluation of suppliers. 

PwC set about building an innovative application to check the clients’ value chain. They decided to tap into the SAP Business Network which has connections with over 40 million suppliers around the world.  They use integration and analytics tools from the SAP Business Technology Platform along with the PwC best practices to link with client systems and provide a tool to meet the needs of both the goals and the laws. 

Automation, integration and consistency make it flow

By the end of 2023, companies in Germany with more than 3,000 employees must have implemented the due diligence obligations under SCDDA. From 1 January 2024, the provisions relating to supplier risk management will also apply to companies with more than 1,000 employees. The objective is to increase transparency in supply chains and to bolster human rights.  This law is being closely watched across Europe and the world as a catalyst for change, one that is good for society and helps companies achieve the value of sustainability. This is even more important with the upcoming EU’s CSDDD. 

PwC developed the SCDDA specific app – Check Your Value Chain – (CYVC) as an integrated solution with a holistic view of the entire business partner portfolio (tier-1 to tier-n suppliers, own business activities and customers). Through an extensive risk analysis, the business partner portfolio is gradually stratified and high-risk business partners are identified for full SCDDA compliance. CYVC offers the possibility to process large amounts of data (semi-) automatically in a short time frame and identifies risks based on different assessment methods. In addition, the app provides options for defining and tracking measures for high-risk suppliers, as well as documentation and reporting.  

Managing risk takes teamwork

The team at PwC developed the CYVC application using SAP tools along with PwC’s best practice risk analysis methodology. 

The PwC risk methodology provides continuous monitoring and analysis of 13 thematic areas including child labor and slavery, etc. The software solution evaluates clients’ business partner portfolios no matter their size using diverse internal and external data sources including verified media analysis and supplier certificates for a comprehensive risk analysis.

Built for the future

The application uses the power of the  SAP Business Network which has connections with over 40 million suppliers around the world to build transparency, resilience, and sustainability into clients supply chains. Along with the SAP Business Technology Platform (BTP) this easily integrates systems across the cloud to deliver analytics, data visualization, artificial intelligence, automation, risk and compliance modeling. It enables easy connectivity to any transaction systems and the app can be quickly deployed.

The proof – weaving ESG into the fabric of the business for MEWA 

A PwC client, MEWA, is an example of a company that is using the new CYVC application along with PwC advisory services. MEWA is committed to being a sustainable business and providing their clients with sustainable textile products that are good for the environment. Headquartered in Germany, MEWA supplies global companies with work and protective clothing, cleaning cloths, foot mats and oil spill mats from more than 40 locations. They are a leader in the European textile management industry.

PwC provided technical support for all aspects of compliance with the SCDDA which came into force on January 1st, 2023.  MEWA, like other companies, was facing the huge challenge of manual data gathering and inspection of its more than 3,000 suppliers from all over the world.

PwC helped MEWA to gain a holistic view of their entire business partner portfolio with the help of the SAP BTP along with the SAP Ariba Business Network.  The software enables MEWA to monitor their entire value chain and evaluates risk automatically. Business partners are now continuously monitored, transparency is ensured with reduced time and costs.

Reaping sustainable benefits 

It all adds up to sustainable business and a strong partnership between PwC and SAP to help clients address their Environmental Social and Governance needs, whether they are regulated through laws or simply for good business.

For their work, PwC has been named winner of the 2023 SAP Innovation Awards, which is celebrating its 10thanniversary

To learn more about PwC’s application and approach, see their SAP Innovation Awards pitch deck and SCDDA Software “Check Your Value Chain” page. 

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CIO – https://www.cio.com/article/644821/how-pwc-and-sap-are-doing-right-by-helping-clients-unlock-esg-value.html

Tags: businessDoingRight
Previous Post

Supply chain on the mend, while SMEs to ease off spending

Next Post

Hybrid IT is Here to Stay

Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

June 26, 2025
Fantasy Football: Which teams are set to pass the most (and least) in 2025? – Yahoo Sports

Fantasy Football Preview: Which Teams Will Lead the League in Passing Attempts in 2025?

June 26, 2025
Tiny night lizards survived dinosaur-killing asteroid strike, despite being close enough to see it happen – Live Science

How Tiny Night Lizards Defied Extinction After the Dinosaur-Killing Asteroid Impact

June 26, 2025
Scientists Confirm Anti-Aging Drug Appears to Prolong Life in Animals – ScienceAlert

Scientists Confirm Anti-Aging Drug Appears to Prolong Life in Animals – ScienceAlert

June 26, 2025
Tokyo Lifestyle Makes Strategic Move into Australian Market with Premium Store in Sydney Chinatown – Stock Titan

Tokyo Lifestyle Makes Strategic Move into Australian Market with Premium Store in Sydney Chinatown – Stock Titan

June 26, 2025
First images from world’s largest digital camera reveal galaxies and cosmic collisions – NBC News

First images from world’s largest digital camera reveal galaxies and cosmic collisions – NBC News

June 26, 2025
Spirit Airlines Rebrands Travel Options: First, Premium Economy, Value – One Mile at a Time

Spirit Airlines Unveils Exciting New Travel Options: First, Premium Economy, and Value Classes

June 26, 2025
Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

June 26, 2025

Vanderburgh County Health Department Takes Bold Action Against Vaccine Hesitancy

June 26, 2025
Why Trump needs the world to believe Iran’s nuclear program is ‘obliterated’ – CNN

Why Trump Wants the World to Believe Iran’s Nuclear Program Is Completely Destroyed

June 26, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (698)
  • Economy (718)
  • Entertainment (21,613)
  • General (15,576)
  • Health (9,757)
  • Lifestyle (723)
  • News (22,149)
  • People (720)
  • Politics (725)
  • Science (15,936)
  • Sports (21,215)
  • Technology (15,703)
  • World (698)

Recent News

Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

June 26, 2025
Fantasy Football: Which teams are set to pass the most (and least) in 2025? – Yahoo Sports

Fantasy Football Preview: Which Teams Will Lead the League in Passing Attempts in 2025?

June 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version