Sage launches the sustainable development and social strategy ‘Knocking
ATLANTA, June 24, 2021 (GLOBE NEWSWIRE) – Today, Sage, the market leader in cloud business management solutions, launches its ambitious new strategy for sustainability and society, Break down barriers. Sage’s objective is to fight against societal and economic inequalities as well as to support a new generation of diversified and sustainable businesses. Sage will play its part in tackling the climate crisis, committing to be net zero by 2040 across all of its operations and supply chain, with an intermediate step to reduce carbon emissions by 50% by 2030.
Sage serves millions of small and medium-sized enterprises (SMEs) around the world. In recent research carried out by the company, it was found that the majority of SMEs are strongly committed to the fight against their environmental and social impact. Over 80% of SMEs believe the recovery should be used as an opportunity to promote sustainability and a third prioritizes education and skills as crucial for long-term economic growth.
To achieve this ambition, Sage is building on five successful years of its Sage Foundation by focusing on three strategic pillars:
Tackle economic inequalities by supporting underrepresented groups
Starting and growing a business is a proven route to long term employment and great job satisfaction and wealth creation, but many people lack the confidence, skills and financial backing to seize this opportunity. .
Sage will provide a solid digital and financial foundation for businesses and start-ups led by under-represented groups to help tackle economic inequalities. Today, Sage is committed to:
- A partnership with The BOSS network for a three-year program to provide support and guidance to help black women in the United States achieve their goals with everything needed to successfully start and grow new businesses.
- Supporting small businesses in Atlanta, Sage’s U.S. headquarters, with business advisory and loan services for underserved and minority communities through a partnership with AS (Access to capital for entrepreneurs).
- A three-year global partnership with a non-profit lending platform Kiva aimed at improving financial inclusion in communities struggling to start or grow their businesses, initially supporting 12,000 entrepreneurs.
- And in the UK, a three-year, multi-million pound partnership with a social enterprise MyKindaFuture and Employment Center Plus providing digital content, mentoring and training support for people from disadvantaged or under-represented communities across the UK to start their own businesses.
Fighting the climate crisis by fueling sustainable economic models
In addition to helping SMEs understand and manage their environmental impact, Sage is now confirming its ambition to achieve net zero by 2040 on scopes 1, 2 and 3 emissions by reducing the impact of its business operations, reducing its emissions by 50% by 2030, and effectively managing its impact on the supply chain.
Sage is also committed to the SBTi (science-based target initiative), the United Nations race to zero on climate change and adheres to the commercial ambition of the United Nations Global Compact for the 1.5 ° C path. Sage continues to participate in the annual CDP (formerly the Carbon Disclosure Project) and is rated AA by MSCI and low risk by Sustainalytics, supporting the recommendations of the Climate Related Financial Disclosure Task Force (TCFD).
To meet its commitments, Sage will implement emission reduction initiatives, such as:
- Reduce air travel and hotel stays across the organization
- Transition to renewable energies in all Sage offices by joining the RE100 Initiative
- Develop its fleet of vehicles towards electric vehicles by joining the EV100 initiative
- Engage with suppliers to better understand their emission reduction plans for the mutual benefit of our Net Zero trips
- Invest in certified projects to offset emissions that cannot be completely reduced
Sage also announces that it will build on the success of its small business advisory platform, Sage Advice, which serves more than six million small businesses globally, with a sustainability center to guide small businesses. in managing their own impact.
Fighting digital inequalities for innovation, business and progress
According to the World Economic Forum, 70% of the new value created in the global economy over the next decade will be based on digitally enabled business models. Sage wants everyone to take advantage of the opportunities created by this rapid digitization.
Sage dedicates its technology, time and experience to breaking down barriers to digital equality and diversity in the tech industry. Building on its long-standing work through the Sage Foundation, Sage is now committed to:
- Provide 10,000 children in the poorest areas of North Tyne, England, with access to STEM skills education
- Further investment in its Futuremakers program to give young people access to education and awareness of artificial intelligence through an e-learning platform
Sage CEO Steve Hare commented, “Sage stands alongside the millions of small and medium-sized enterprises (SMEs) we serve around the world by tackling the great challenges of our time. We want to break down the barriers that hinder access to opportunity, equality and sustainability. We are strengthening our commitments to our environmental impact with an ambitious goal of net zero carbon across our entire value chain and our social impact, using our technology, time and experience to support a new generation of diverse businesses and sustainable.
Breaking down barriers report – International perspectives from SMEs
Sage surveyed 11,504 SME decision makers working in companies employing 250 people or less in the UK, US, Australia, Canada, France, Germany, Singapore, Spain and South Africa on their perspectives on sustainability, diversity, community and digital inequalities. The full report is available here.
Sage is the global market leader in technology that gives small and medium-sized businesses the visibility, flexibility and efficiency to manage finances, operations and people. Along with our partners, millions of customers around the world trust Sage to provide the best technology and the best cloud support. Our years of experience mean our colleagues and partners understand how to serve our customers and communities through good and tough times. We’re here to help, with practical advice, solutions, expertise and knowledge.
+1 (678) 641-8213
Notes to Editors
MyKindaFuture is a leading HR technology company specializing in under-represented talent. The company works with employers to attract, recruit and retain under-represented and diverse talent, including young people and those returning to work. https://www.mykindafuture.com/
The BOSS network “Bringing Out Successful Sisters” is an online community of professional and entrepreneurial women who support each other through digital content, programs and event networks. Its mission is to promote and encourage small business and the career development of women of color. https: //www.thebossnetwork.org/
AS is a 21-year US-based 501 (c) (3) nonprofit financial and community development financial institution (CDFI) that provides capital, coaching and connections to help borrowers start and grow businesses that create jobs. https://aceloans.org/
Kiva is an international non-profit organization, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive. www.kiva.org