The Business Case for Sustainable Technology

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The Business Case for Sustainable Technology

Sustainable technology is no longer an expensive drag on a company's finances – economies of scale and smarter working practices now mean it can save a business millions of pounds
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Monday, March 11, 2013 - 12:15pm

CONTENT: Article

By Leon Kaye

Seemingly small changes, such as adjusting the ratio of printers to employees, can result in major savings and a decreased carbon footprint for forward-thinking companies.

As procurement professionals consider how to balance environmental benefits with financial savings, they are increasingly finding sustainable technologies can bring together both goals.

These sustainable technologies include smart electrical processes; renewable energy systems; and innovative, even disruptive, software programmes that enhance energy efficiency.

Of course, sustainability professionals still confront objections within their companies when introducing these new systems, usually over the cost or doubts about their relevance to a firm's overall strategy. However, such objections are fast becoming outdated.

Constraints on the world's resources mean forward-thinking companies that revamp their infrastructures, for instance in the IT products they buy and the energy they consume, thrive. Smarter and more nimble companies that plan ahead will withstand both financial and environmental storms as conventional energy prices surge.

SAP is one company that has taken sustainability seriously and as a result gained dramatic financial savings.

In 2007 the US-based software giant reached its highest level of carbon emissions. To tackle this, the company set an aggressive path to reduce its annual emissions to 2000 levels by 2020 – an initiative led by chief sustainability officer Peter Graf. The result so far, according to Graf, has been more than $250m (£160m) in cost savings.

Click here to continue reading about SAP's approach to sustainable technology on The Guardian Sustainable Business

*This article originally appeared on The Guardian Sustainable Business 

Keywords: Innovation & Technology | SAP | Software | Technology | The Guardian | energy efficiency | sustainability | sustainable technologies

CONTENT: Article