SAP SE Strengthens Transparency with Annual and Integrated Reports for 2024
- SAP SE files its Annual Report and Integrated Report 2024, enhancing transparency on financial performance and sustainability efforts.
- The Integrated Report incorporates sustainability information per CSRD and ESRS, showcasing SAP's commitment to ESG criteria.
- Stakeholders can access reports online, supporting SAP's dedication to transparency and strong customer relationships.
SAP SE Enhances Reporting Transparency with New Annual and Integrated Reports
SAP SE strengthens its commitment to transparency and sustainability by filing its Annual Report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission (SEC). This comprehensive document, which is now accessible online, outlines the company's financial performance and strategic direction. In a significant move towards integrating sustainability into its corporate narrative, SAP also releases its Integrated Report 2024. This report marks the first time SAP incorporates sustainability information in accordance with the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS), reflecting the company's dedication to meeting current regulatory standards and addressing environmental, social, and governance (ESG) criteria.
The Integrated Report provides stakeholders with insights into SAP's sustainability initiatives alongside its business operations. By aligning its reporting practices with the CSRD and ESRS, SAP demonstrates its proactive approach in navigating regulatory complexities while fostering a culture of accountability and transparency. The simultaneous release of the Annual Report and the Integrated Report reflects SAP's holistic view of its operational and environmental impact, ensuring stakeholders are well-informed about both its financial health and sustainability commitments. This dual reporting strategy not only enhances stakeholder trust but also reinforces SAP's position as a leader in enterprise applications and business AI.
SAP’s integrated approach underscores the company's long-standing mission to help organizations optimize their operations across various sectors, including finance, procurement, and customer experience. With over 50 years of expertise, SAP emphasizes that its commitment to sustainability is not merely a compliance measure but a core element of its business strategy. Stakeholders are encouraged to access both reports on SAP's Investor Relations website and can request hard copies of the audited consolidated financial statements at no charge, further promoting accessibility and transparency in its financial reporting.
In addition to the reports, SAP invites customers to explore its product offerings through its Global Customer Center, emphasizing a customer-centric approach. The company also provides a disclaimer regarding forward-looking statements, informing stakeholders that actual results may vary due to various risks and uncertainties, as outlined in their SEC filings. This commitment to clarity and openness in communications reflects SAP's ongoing effort to build strong relationships with its investors, customers, and the broader community.
