Latest News

SAP is seeing a growing demand for sustainability software in spite of U.S. climate disengagement

SAP is seeing a growing demand for sustainability software in spite of U.S. climate disengagement

Dominik A. Asam, the chief financial officer of SAP Germany, told a reporter that despite the trend in the United States to lower climate protection goals, SAP's global demand for sustainability software is growing.

The United Nations announced this week that the U.S. would withdraw from the Paris Climate Agreement on January 27, 2026. Washington had formally informed Secretary-General Antonio Guterres about President Donald Trump’s decision to leave.

Asam stated that "the topic of sustainability won't disappear from investor discussions", adding that companies will still require reliable figures and analytical tools to make decision on the topic.

I spoke with many investors who were concerned about sustainability at the World Economic Forum. "They are very optimistic, despite recent U.S. election results," he says.

He sees great potential in SAP's Green Ledger, a fledgling software, that he says helps companies to make their sustainability reports as verifiable and transparent as a balance sheet. This will be required by 2028 under the European Corporate Sustainability Reporting Directive.

The CFO is expecting contracts to be signed. He said that "a lot will happen" in the second half.

(source: Reuters)