The third year of the Climate Decade has already begun, so it is critical that businesses begin switching to 100% renewable electricity as soon as possible. Organisations are better prepared to withstand growing energy prices and the looming threat of climate change when they switch to 100% renewable electricity. According to a research by the International Renewable Energy Agency, "doubling the share of renewables in the energy mix by 2030 would increase global GDP by up to 1.1%, improve welfare by up to 3.7%, and support over 24 million jobs in the sector."

In 2013, the Finnish Association for Nature Conservation and other environmental NGOs launched EKOenergy, a global not-for-profit ecolabel for energy, with the goal of achieving sustainable energy production and consumption. Through the EKOenergy label, a globally regarded quality seal for renewable energy, EKOenergy strives to assist businesses in hastening the transition to 100% renewable energy. The Greenhouse Gas Protocol, LEED for green buildings, CDP, and RE100 all refer to the EKOenergy designation as an option for businesses who want to move closer to using only renewable energy. In March 2021, the European Parliament additionally presented EKOenergy with the European Citizen's Prize 2020.

The EKOenergy ecolabel enhances consumers' ability to choose renewable energy and can be used in conjunction with sources of energy such as green tariffs, PPAs, or unbundled energy certificates. It may also be applied to internally generated energies. Through its Climate Fund, EKOenergy has helped underprivileged communities since the label's introduction by funding 79 new renewable energy projects in 29 developing nations.

SAP has already recognised and matched existing activities with the 17 Sustainability Development Goals of the UN, placing sustainability at the centre of its strategy. SAP has committed to the Science Based Targets initiative (SBTi) to reduce emissions across its whole Scope 3 value chain, including emissions from products-in-use at customers, by 85% by 2050 compared to the base-year level of 2016. By pledging to achieve net-zero emissions by 2030 and reaching a balance between greenhouse gas emissions and removal, SAP has increased the pace of its climate aspirations.

Since 2014, SAP has powered all of its offices and data centres with electricity produced entirely from renewable sources. SAP picked the renowned EKOenergy label as part of its transition to 100% renewable electricity. SAP pays 0.10 euros to EKOenergy's Climate Fund, which aims to reduce energy poverty while also promoting climate protection and renewable energy, for every megawatt hour of power with the EKOenergy badge.

Source: https://news.sap.com/2023/04/sap-ekoenergy-partner-for-renewable-future/