T&E Tools Can Help as ESG Regulations Ramp Up
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For travel and expense managers, tightening ESG disclosure rules mean a need for more precise travel emissions data, and T&E tools can help companies generate, track and evaluate the required data, reducing compliance risk.
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- SAP Concur BlogT&E Tools Can Help as ESG Regulations Ramp Up
An SAP Concur blog post notes that as new ESG disclosure rules, including those from the U.S. SEC, take shape beginning in 2024, companies face compliance pressure. An SAP Concur-commissioned Forrester survey found 60% of decision-makers identified sustainability as a critical or high priority, but only 45.7% of professionals in a Deloitte poll were confident in meeting new requirements. The article cites PwC Italia, which reduced CO2 emissions by 53% from 2019 to 2022 after standardizing its T&E process with SAP Concur solutions.