With COP29 coming up November 11-22, 2024 in Baku, Azerbaijan, this is a good opportunity to review progress toward climate goals and to update new developments in SAP's ongoing focus on delivering end-to-end carbon management and ESG reporting solutions.

As part of our ongoing coverage of environmental, social and governance (ESG) trends, this Insights post provides a mid-year update of trends in the ESG accounting space and a look at how SAP solutions for ESG management are continuing to evolve. 

With the 54th anniversary of Earth Day on April 22, 2024, now is a good opportunity to review the progress of corporate Environmental, Social, and Governance (ESG) initiatives with an eye toward the future and a review of available tools for monitoring, managing and reporting ESG information. 

As we come to the end of another year, this is a good opportunity to look ahead at the key trends to watch during 2024.

Previous posts in this blog series on Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch, looked at ESG impacts on M&A, and tracked the emergence of new ESG standards.

Real Estate is the single largest expense you have and largest contributor to carbon accounting. SAP’s Intelligent Real Estate solution and REFX will provide you the foundation you need to gain the insights you need to help maximize your usage, and manage costs of your Real Estate assets.

This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? and also identified as one the Five Key Trends to Watch in 2022.  A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals?

Carbon Accounting was previously identified as one of the Five Key Trends to Watch in 2022, and the compliance implications were explored in this blog post Are You Ready for "Carbon Accounting" Compliance?

This update provides a focused look on how Carbon Accounting and overall Environmental, Social and Governance (ESG) practices can significantly impact companies on both sides of Merger and Acquisition (M&A) deals. See the Microsoft and Activision example below.

As we near the end of yet another tumultuous year and acknowledge that even the best predictions do not always align with how reality unfolds, it is still a good opportunity to look ahead at some of the key trends that are most likely to have big impacts on 2022.

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.