German Software Giant SAP Sees Growing Demand for Sustainability Tools Despite Weakened U.S. Climate Protection Targets
Key Points:
* SAP expects increased global demand for software to manage and document corporate sustainability efforts.
* CFO Dominik Asam cites continued investor interest in sustainability despite the U.S. withdrawal from the Paris climate agreement.
* SAP's Green Ledger software offers verifiable sustainability reporting, aligning with upcoming European legislation.
* The company anticipates significant contracts in the latter half of 2023.