Classification into relevant & compliant activities

An accurate approach is important here - because all of this is essential for reporting and relates to turnover as well as OPEX and CAPEX. Such a classification in terms of sustainability could look like this:

1
Identify
activities:
The EU has drawn up a table of activities that fall under the EU taxonomy. As a company, you first need to check whether your own activities are included here.
2
Criteria
control:
If they are relevant, the second step is to check whether the criteria set by the EU are met. In other words, whether the activities are compliant ("aligned"). It is then also important to check that no other objective is being violated ("DNSH"). Finally, social sustainability criteria, such as human rights, must also be taken into account.

SAP and sustainability: solutions for sustainability criteria

Sustainable or not - that is the question. And proper documentation is therefore essential. And that brings us to modern ERP systems such as SAP. They always reflect all value-adding activities - whether purchasing, sales or production - in the same way using postings so that the figures are always up-to-date. The highlight: the account assignment elements or postings can also be enriched with the necessary reporting criteria with regard to sustainability, which are important for the EU taxonomy. This means that the activity code and environmental objective associated with each activity are derived and whether they are compliant. This provides the necessary evaluation criteria.

The account assignment elements or postings can be enriched with the necessary reporting criteria that are required for the EU taxonomy. We can therefore integrate this directly into the posting logic - that's a big advantage.
Klaus Oberhauser
Financials

Many other modern solutions

The EU taxonomy is an essential framework condition, particularly with regard to business reporting. However, as already mentioned, it is only one aspect of many. The topic of sustainability goes much further and influences numerous other areas - for example, there are now SAP solutions that help to calculate footprints, consider environmental aspects such as recyclability in product design, or take into account the Supply Chain Sustainability Act.

Approaching the topic holistically

All in all, it can be said that Sustainability is a very broad topic. And therefore also one that can quickly become confusing and extremely complex for companies. We at scc are aware of this and therefore take a holistic approach to the topic. Various tools and solutions help to generate the necessary data with as little manual effort as possible. However, the first step also involves structuring the large field into sub-areas in terms of requirements. We offer our "Sustainability Discovery Workshops" to provide companies with optimal support in this regard.

It is important for companies to structure the large area of sustainability in order to be able to focus on the individual areas. This is why scc takes a holistic approach to this topic - with a variety of tools and solutions. The right priorities are developed with our "Sustainability Discovery Workshops".
Tobias Kreiter
Line of Business Manager Supply Chain Management