As part of its ongoing strategic commitment to improve its own sustainability performance and deliver superior sustainability solutions to customers, SAP AG (NYSE: SAP) today announced its intent to acquire Clear Standards, Inc. A privately held innovator of enterprise carbon management solutions, Clear Standards helps organizations accurately measure, optimize and report greenhouse gas (GHG) emissions and other environmental impacts across internal operations. With this move, SAP expects to accelerate its ability to meet the carbon management requirements of organizations in this time of increasingly stringent government regulations and expectations for better transparency by the public. Clear Standards provides SAP a mature sustainability solution and expertise in carbon management delivered through an agile, Web-based, on-demand delivery model. In order to reduce customer effort and cost around carbon management, SAP will leverage its business process expertise to enable Clear Standards to tap into financial and other data stored in enterprise solutions such as SAP® Business Suite 7 software and the SAP® Environment, Health, and Safety Management application.
"It is essential that organizations gain actionable insight into their carbon emissions, water consumption, energy use and other environmental factors so they can lower their environmental impact," said SAP AG Co-CEO Leo Apotheker. "Having this ability also correlates to an organization's efficiency and competitiveness. With the acquisition of Clear Standards, we will accelerate our vision to deliver a complete set of solutions to enable end-to-end sustainable businesses. We welcome the Clear Standards team to SAP."
Clear Standards Assess provides the foundation for organizing and consolidating all emissions data across the enterprise, allowing businesses to determine and report their total environmental impact, including GHG emissions, water consumption and waste. Clear Standards Analyze provides detailed visualizations of emissions data, enabling insight-driven decisions on environmental initiatives. Finally, Clear Standards Act supports operational plans to meet sustainability goals and conform to voluntary goals and regulatory standards. By using embedded best practices in the solutions, businesses can plan for dramatic cost savings from energy and waste reduction, access decision-support metrics for optimizing investments in energy efficiency technologies, and seek to enhance brand value by providing credible transparency into sustainability initiatives.
"Clear Standards was established with the vision to help global organizations manage their operations with the added dimension of sustainability as a true driver of growth and innovation," said Clear Standards, Inc. Chairman and CEO Betsy Atkins. "Our team is excited to contribute to the next generation of SAP sustainability solutions. By joining SAP we expect to reach many more organizations needing to better manage their environmental impact and profitability."
The acquisition of Clear Standards is consistent with SAP's strategy to complement existing solutions with purchases of innovative technologies and capabilities. SAP anticipates the acquisition will be completed in June 2009. Clear Standards, Inc. has locations in Sterling, Virginia, and Delhi, India. Additional details about the integration of the companies will become available after closing. Terms of the transaction were not publicly disclosed.
For more information about SAP's sustainability efforts, visit the Sustainability Newsroom or the Sustainability at SAP section of www.sap.com.
About Clear Standards
Clear Standards provides enterprise "Sustainability 2.0" software to help organizations accurately measure, mitigate, and monetize carbon emissions and other environmental impacts. Clear Standards enables businesses to identify opportunities for cost savings from energy and waste reduction, and optimize investment across a portfolio of energy efficiency projects. By following Clear Standards' embedded best practices, corporations can prepare for regulatory changes, reduce costs, and reinforce positive brand image by providing credible transparency into sustainability initiatives.
"It is essential that organizations gain actionable insight into their carbon emissions, water consumption, energy use and other environmental factors so they can lower their environmental impact," said SAP AG Co-CEO Leo Apotheker. "Having this ability also correlates to an organization's efficiency and competitiveness. With the acquisition of Clear Standards, we will accelerate our vision to deliver a complete set of solutions to enable end-to-end sustainable businesses. We welcome the Clear Standards team to SAP."
Clear Standards Assess provides the foundation for organizing and consolidating all emissions data across the enterprise, allowing businesses to determine and report their total environmental impact, including GHG emissions, water consumption and waste. Clear Standards Analyze provides detailed visualizations of emissions data, enabling insight-driven decisions on environmental initiatives. Finally, Clear Standards Act supports operational plans to meet sustainability goals and conform to voluntary goals and regulatory standards. By using embedded best practices in the solutions, businesses can plan for dramatic cost savings from energy and waste reduction, access decision-support metrics for optimizing investments in energy efficiency technologies, and seek to enhance brand value by providing credible transparency into sustainability initiatives.
"Clear Standards was established with the vision to help global organizations manage their operations with the added dimension of sustainability as a true driver of growth and innovation," said Clear Standards, Inc. Chairman and CEO Betsy Atkins. "Our team is excited to contribute to the next generation of SAP sustainability solutions. By joining SAP we expect to reach many more organizations needing to better manage their environmental impact and profitability."
The acquisition of Clear Standards is consistent with SAP's strategy to complement existing solutions with purchases of innovative technologies and capabilities. SAP anticipates the acquisition will be completed in June 2009. Clear Standards, Inc. has locations in Sterling, Virginia, and Delhi, India. Additional details about the integration of the companies will become available after closing. Terms of the transaction were not publicly disclosed.
For more information about SAP's sustainability efforts, visit the Sustainability Newsroom or the Sustainability at SAP section of www.sap.com.
About Clear Standards
Clear Standards provides enterprise "Sustainability 2.0" software to help organizations accurately measure, mitigate, and monetize carbon emissions and other environmental impacts. Clear Standards enables businesses to identify opportunities for cost savings from energy and waste reduction, and optimize investment across a portfolio of energy efficiency projects. By following Clear Standards' embedded best practices, corporations can prepare for regulatory changes, reduce costs, and reinforce positive brand image by providing credible transparency into sustainability initiatives.
