SAP India has signed a memorandum of understanding (MoU) with the energy resources institute (TERI) to mutually support sustainability programs in the country. The partnership will work towards the areas of sustainability in operations, service delivery, and governance across the government, societies and certain industries.
The collaboration will use TERI’s solutions on sustainability, specifically in the energy and resources sectors, along with SAP India’s technologies to create business processes, collaborate with different value chains and better capabilities in tracking and reporting.
“India is the world’s fourth biggest emitter of carbon dioxide, and we have to take action now to ensure the next generation has a better future,” said Kulmeet Bawa, President and Managing Director, SAP Indian Subcontinent.
The key focus areas of the partnership will include, Climate change awareness through helping transitioning to a low carbon economy, to jointly offer sector specific resources and sustainability audits, analysing impact of policies and building a path for zero net emissions.
The partnership aims to make informed sustainability-related policy decisions through a data driven approach, which would further help monitor policy impacts based on Nationally Determined Contributions (NDC) and Sustainable Development Goals (SDG) achievements.
Nationally Determined Contributions (NDC), part of the Paris agreement, are non-binding national plans that highlight climate actions, including climate-related targets for greenhouse gas emissions.
“Only through a joint effort by the entire nation can we negate the impact of climate change and bring about real, impactful solutions,” said Vibha Dhawan, Director General, TERI.