Paul Marriott, President, SAP Asia-Pacific and Japan.
| Photo Credit: Special association
India is uniquely positioned to lead on local weather change, drive sustainability and ESG initiatives for the entire Asia Pacific, mentioned Paul Marriott, President, SAP Asia-Pacific and Japan.
“The Asian market represents more than 50% of global emissions, and as one of the fastest growing hotbeds of innovation and economic activity in the region, India is in a unique position to lead against climate change,” he mentioned talking on the firm’s annual tech exposition, SAP NOW India 2024.
Mr. Marriott, a technocrat with a grasp’s in AI, mentioned it was encouraging to see a number of Indian companies recognizing the necessity to embrace investing in sustainability and ESG actions.
Sounding assured, Mr. Marriott mentioned sturdy management, younger expertise, sprawling AI and start-up panorama and innovation capabilities throughout companies would assist India attain its $30 trillion GDP purpose by 2047.
“It is a staggering 10 times from today, but it is possible with the kind of innovations we are seeing in businesses across all segments,” he mentioned.
He mentioned SAP, the German cloud software program agency, is investing considerably in India to empower cutting-edge expertise to provide companies the subsequent large alternative in an AI period.
Citing a current SAP research, he mentioned 86% of Indian companies noticed a constructive correlation between sustainability and profitability, resulting in higher investments in sustainability. He added that we should combine carbon and monetary knowledge to tell decision-making.
“Sustainability is now a enterprise necessity slightly than merely an ethical obligation and ESG initiatives can now not be seen as distinct from the general monetary efficiency of the corporate, “ mentioned Manish Prasad, MD, SAP Indian Subcontinent.
On reaping earnings and effectivity positive aspects from sustainability investments, SAP mentioned 77% of Indian companies have witnessed sustainability methods contributing to income or revenue progress by a average to sturdy diploma.
Some 58% of Indian companies anticipate a constructive monetary return on their sustainability investments throughout the subsequent 5 years and 39% companies intend to lift their investments in sustainability over the subsequent three years, SAP’’s research reveals.
(The author was invited by SAP India to attend its Mumbai occasion)
