To gain broader buy-in for sustainable technology solutions, Mendelsohn suggests showcasing real-world examples of AI, agreeing on a common language, and building a green ledger. AI can expedite and scale sustainability efforts, while a single format for communicating product carbon footprint can create climate action across the supply chain. A green ledger, where sustainability information is stored within financial data, can align the goals of the Chief Sustainability Officer and Chief Financial Officer.
Key takeaways:
- SAP is encouraging governments to agree on impactful and action-oriented outcomes at COP29, focusing on creating coherent policies, accelerating the green and digital transition, and harnessing the potential of AI.
- AI technology can be a key enabler in the fight against climate change, helping to expedite and scale sustainability efforts.
- Creating a single format and network to effectively communicate product carbon footprint across the supply chain can help address the scope 3 challenge.
- A green ledger, where sustainability information is calculated along a company’s lines of business and stored within financial data, can help align the Chief Sustainability Officer and Chief Financial Officer.