SAP SE (SAP) develops business application and analytics software as well as digital commerce and enterprise cloud products. The company is primarily engaged in the sale of software licenses, subscriptions to its cloud applications, and related services. The company also provides SAP’s cloud-based collaborative business network and services.
SAP offers a number of sustainability-oriented software solutions, including applications that improve customers’ energy management systems and enable them to analyze the environmental footprint of their operations and products. Furthermore, the company has adopted a comprehensive environmental strategy to manage its operational energy, water and waste impacts. In particular, SAP has certified dozens of its locations worldwide to ISO 14001 environmental management standards, which has heavily contributed to the company’s reduction in energy intensity, and implements waste and water conservation initiatives at various sites. SAP also has strong data privacy and security measures in place, including limiting access to customer data to specific personnel, obtaining formal data security certifications such as ISO 27001, and oversight by its Cybersecurity Task Force. In terms of maintaining and attracting talented employees, the company offers a range of competitive non-salary benefits such as personalized health support and social sabbatical programs as well as on-site childcare and free lunches. It has also appointed a Chief Learning Officer to ensure that robust training and development opportunities are made available to employees.
Despite SAP recently achieving 100% renewable energy powering its data centers through the purchase of Renewable Energy Certificates (RECs), the company’s average data center power usage effectiveness of 1.9 indicates there are additional opportunities for energy efficiency initiatives or amending siting practices to source renewable energy directly.
Industry: Information Technology
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.