Business View Caribbean | Volume 8, Issue 7

67 BUSINESS VIEW CARIBBEAN VOLUME 8, ISSUE 7 SAP Single-Use Plastics” to phase out single-use plastics in our own operations. In 2020, at the World Economic Forum, SAP joined the Global Plastic Action Partnership to create a cleaner ocean by 2030 and became part of the Ellen MacArthur Foundation to pave the way to a circular economy. We’ve also launched 5 & 5 in ‘25, a corporate initiative that promotes allocating 5 percent of eligible spend to social enterprises and diverse businesses by 2025. With this goal, SAP aims to inspire organizations around the world to buy more goods and services from purpose-driven suppliers to make a positive collective impact on the societies in which they operate. BVC: What are SAP’s goals for the future? SAP: We will jointly build networks with you that and powered by innovative entrepreneurship; to create opportunities through learning and development for all. SAP announced our intention to achieve carbon neutrality by the end of 2023, two years earlier than previously stated. As a result of the COVID-19 pandemic, we have experienced a significant decrease in our carbon emissions. SAP is committed to protecting the environment and continuously improving our environmental performance. Therefore, we are gradually introducing an environmental management system reflecting the ISO 14001 standard at SAP sites worldwide. An energy management system based on the ISO 50001 standard is integrated with existing management systems at select sites, such as SAP’s headquarters. In July 2019, SAP launched the initiative ‘Beyond