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, stated 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 stated talking on the firm’s annual tech exposition, SAP NOW India 2024.
Mr. Marriott, a technocrat with a grasp’s in AI, stated 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 stated sturdy management, younger expertise, sprawling AI and start-up panorama and innovation capabilities throughout companies would support India attain its $30 trillion GDP aim 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 stated.
He stated SAP, the German cloud software program agency, is investing considerably in India to empower cutting-edge know-how to present companies the subsequent massive alternative in an AI period.
Citing a latest SAP examine, he stated 86% of Indian companies noticed a optimistic correlation between sustainability and profitability, resulting in better investments in sustainability. He added that we should combine carbon and monetary knowledge to tell decision-making.
“Sustainability is now a enterprise necessity relatively than merely an ethical obligation and ESG initiatives can now not be seen as distinct from the general monetary efficiency of the corporate, “ stated Manish Prasad, MD, SAP Indian Subcontinent.
On reaping income and effectivity features from sustainability investments, SAP stated 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 count on a optimistic 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 examine reveals.
(The author was invited by SAP India to attend its Mumbai occasion)