The Gartner Top Strategic Tech Trends for 2023 (March 6th)
SAP News

We are seven years on from signing the Paris Agreement on climate change and two years into the UN's Decade of Action for accelerating sustainable solutions to the world's biggest challenges. A new era of sustainability leadership is emerging that requires more impact at scale and pace.

The time has come to deliver on the ambitious commitments and public goals that many companies have set to tackle climate change, safeguard the environment, protect human rights, and fight inequality. The 'what' we need to do has never been clearer. The focus is now on 'how' companies operationalize sustainability and turn ambition into results at the scale that aligns with the scope of their influence and global issues. In GlobeScan's annual survey of sustainability leaders, experts around the world agree that action and impact are two of the defining features in this new area of leadership and rising expectations.

Young people are the group that will be most impacted by the progressing climate crisis. Within that group, women and girls are most susceptible to its devastating impacts.

Additionally, 70% of the over 1 billion people living in poverty are women, who are often tasked with the responsibility of securing water and food for their homes. Increases in extreme weather patterns have meant unreliable crops and more effort needed to provide for those reliant on them. A disproportionate household burden, coupled with a lack of decision-making responsibility based on many long-standing societal norms, means that women are among the most vulnerable to climate change

At the World Economic Forum in Davos this week, Catalyst 2030 is launching the Catalyst Business Commitment with support from the Global Alliance for Social Entrepreneurship.

The commitment recognizes businesses that provide funding and support for mission-locked social enterprises and include them as a significant percentage of their procurement spend.

This commitment is a way for them to gain recognition for their engagement with social entrepreneurship and for Catalyst 2030 to raise the profile of social enterprise in business supply chains. SAP has signed on to the commitment, achieving platinum status, alongside other businesses that include Compass Diversified, eBay, EY, Lex Mundi, and Microsoft.

According to the International Monetary Fund (IMF), in 2023 a third of the global economy will be in a recession, with the U.S., European Union, and China predicted to slow.

That is one reason why Ragunath Ramanathan, chief revenue officer of SAP Business Technology Platform (SAP BTP), thinks that a software platform is particularly important for organizations considering strategies to help them weather economic headwinds.

'This is going to be a period of uncertainty in the macro-economic environment, including capital and labor markets,' Ramanathan says. 'A platform can help create a more resilient business. It offers holistic insight and planning capabilities to help you understand what will happen to your cash flow, talent base, stocks, and demand - and allows businesses to plan for contingencies.'

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