What is key performance indicator in SAP GRC-SPM-SR - Sustainability Reporting?

SAP Term: key performance indicator

• Component: GRC-SPM-SR

• Component Name: Sustainability Reporting

• Description: Financial and non-financial measures or metrics used to help an organization define and evaluate its success, typically in terms of making progress towards its long-term organizational goals. KPIs are critical metrics that measure actual performance against predefined goals and objectives. That is, KPIs are usually qualitative or quantitative assessments resulting from a comparison between an actual and a target value over specific time periods.

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• Key Concepts: 
  A key performance indicator (KPI) is a metric used to measure the performance of an organization or process. In the context of SAP Sustainability Reporting, KPIs are used to measure the sustainability performance of an organization. This includes metrics such as carbon emissions, energy consumption, water usage, and waste production. 
  
  How to use it: 
  KPIs are used to track and monitor the sustainability performance of an organization over time. They can be used to identify areas of improvement and set goals for future performance. KPIs can also be used to compare the sustainability performance of different organizations or processes. 
  
  Tips & Tricks: 
  When setting KPIs, it is important to ensure that they are measurable and achievable. It is also important to ensure that they are relevant to the organization’s sustainability goals. 
  
  Related Information: 
  SAP Sustainability Reporting provides a range of tools and features that can be used to track and monitor KPIs. These include dashboards, reports, and analytics tools that can be used to visualize and analyze KPIs over time.