SAP makes investment in Livelihoods Funds
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE SAP AG (NYSE:SAP) has announced it will join the Livelihoods Fund with an investment of EUR3 million. The Livelihoods Fund is a carbon investment fund organized as an investment company, with the goal to create social value for rural communities and contribute to their food security through the restoration of their ecosystems. Put in simple words, the fund plants trees, which fights climate change and poverty. “This investment supports our vision of helping the world run better by improving people lives,” said Peter Graf, Chief Sustainability Officer, SAP. “It confirms our sustainability commitment of reducing our greenhouse gas emissions to the level of year 2000 by the year 2020, representing a decrease of more than 50 per cent. To date, we have achieved a reduction of 18 per cent and avoided cost in excess of more than EUR220 million over the last four years.” “SAP is executing across all three pillars to achieve o