What is reporting framework in SAP GRC-SPM-SR - Sustainability Reporting?

SAP Term: reporting framework

• Component: GRC-SPM-SR

• Component Name: Sustainability Reporting

• Description: A collection of core KPIs and the frequency with which they are reported on. Reporting frameworks contain either government or industry standards for qualitatively and quantitatively reporting on enterprise sustainability figures.

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• Key Concepts: 
  SAP's reporting framework is a set of tools and processes that enable organizations to create, manage, and analyze sustainability reports. It provides a comprehensive view of an organization's sustainability performance, including environmental, social, and governance (ESG) metrics. The reporting framework is part of the GRC-SPM-SR Sustainability Reporting component of SAP's Governance, Risk, and Compliance (GRC) suite. 
  
  How to use it: 
  The reporting framework can be used to create sustainability reports that are compliant with global standards such as the Global Reporting Initiative (GRI). It also provides a platform for organizations to track their progress towards sustainability goals. The reporting framework includes features such as data collection, analysis, and visualization tools. It also provides access to external data sources such as ESG ratings and indices. 
  
  Tips & Tricks: 
  When using the reporting framework, it is important to ensure that the data being collected is accurate and up-to-date. Additionally, organizations should consider using external data sources to supplement their own data in order to gain a more comprehensive view of their sustainability performance. 
  
  Related Information: 
  The GRC-SPM-SR Sustainability Reporting component also includes features such as risk management and compliance monitoring tools. Additionally, SAP offers a range of other GRC solutions such as SAP Access Control and SAP Process Control.