SAP Green Token is a cloud-based solution designed to enhance supply chain transparency and compliance by enabling organizations to trace and verify the sustainability of their raw materials. By utilizing tokenization and both segregated and mass balance accounting methods, it provides a comprehensive approach to tracking material origins and attributes, ensuring adherence to recognized sustainability standards and regulations. This solution empowers businesses to demonstrate their commitment to environmental, social, and governance (ESG goals, effectively mitigating risks associated with non-compliance and greenwashing.
Key Features and Functionality:
- Declaration Management: Streamlines the creation, collection, and transfer of sustainability declarations across various schemes and scopes, offering a unified platform for managing compliance documentation.
- Segregated or Mass Balance Accounting: Facilitates efficient chain-of-custody accounting, allowing organizations to manage and account for material flows at scale, in line with standards such as ISCC, RSPO, REDcert, and EUDR.
- Reporting and Auditing: Provides on-demand reporting capabilities to ensure compliance with evolving standards and regulations, enabling businesses to generate up-to-date audit reports and gain insights into material provenance and sustainability claims.
Primary Value and Problem Solved:
SAP Green Token addresses the critical need for supply chain transparency and compliance in today's sustainability-focused market. By offering a robust platform for tracking and verifying the sustainability of raw materials, it helps organizations:
- Demonstrate ESG Progress: Enables companies to showcase their commitment to sustainability by providing verifiable data on the origin and sustainability of their products, thereby building trust with stakeholders and consumers.
- Mitigate Compliance Risks: Reduces the reliance on manual data aggregation by integrating transparency and traceability into business processes, ensuring efficient adherence to sustainability standards and minimizing the risk of non-compliance.
- Accelerate Implementation: Offers a cloud-based solution that integrates seamlessly with existing enterprise environments, allowing for rapid deployment without the need for extensive supply chain mapping.
By leveraging SAP Green Token, organizations can effectively manage their sustainability initiatives, ensuring compliance with global standards while enhancing operational efficiency and stakeholder confidence.