SAP pledges to spend more on social, diverse businesses
© Reuters/Ralph Orlowski
FILE PHOTO: SAP logo at SAP headquarters in Walldorf
BERLIN (Reuters) – SAP will try to allocate 5% of its procurement spending to social enterprises and diverse businesses by 2025 to encourage greater social and environmental responsibility.
The German software group, which has 440,000 clients, appealed on Tuesday to other companies to join it in supporting small businesses owned and run by women or minorities.
SAP’s procurement initiative follows its launch in June of a product to help firms track greenhouse gas emissions in supply chains, backing a view that being transparent about their carbon footprint will be good for business.
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The new initiative relates to so-called addressable spend, the share of a company’s procurement budget that can be allocated to social