{"version":"1.0.0","segments":[{"speaker":"Stephan Müller","startTime":0.0,"endTime":3.59,"body":"So we not only can"},{"speaker":"Stephan Müller","startTime":0.0,"endTime":3.59,"body":"forecast finance numbers, we can now"},{"speaker":"Stephan Müller","startTime":3.59,"endTime":8.339,"body":"also forecast CO2 numbers on real"},{"speaker":"Stephan Müller","startTime":3.59,"endTime":8.339,"body":"actual business plans on, on actual"},{"speaker":"Stephan Müller","startTime":8.339,"endTime":11.519,"body":"sales plans, on material resource"},{"speaker":"Stephan Müller","startTime":8.339,"endTime":11.519,"body":"plans, on production plans, right?"},{"speaker":"Stephan Müller","startTime":11.819,"endTime":15.049,"body":"Not only to use this in order to"},{"speaker":"Stephan Müller","startTime":11.819,"endTime":15.049,"body":"forecast what will be my revenue or"},{"speaker":"Stephan Müller","startTime":15.069,"endTime":20.076,"body":"what will be my margin in the next"},{"speaker":"Stephan Müller","startTime":15.069,"endTime":20.076,"body":"years, but also what will be my CO2."},{"speaker":"Tom Raftery","startTime":20.216,"endTime":22.286,"body":"Good morning, good"},{"speaker":"Tom Raftery","startTime":20.216,"endTime":22.286,"body":"afternoon, or good evening,"},{"speaker":"Tom Raftery","startTime":22.296,"endTime":23.796,"body":"wherever you are in the world."},{"speaker":"Tom Raftery","startTime":24.116,"endTime":27.846,"body":"This is the Climate Confident"},{"speaker":"Tom Raftery","startTime":24.116,"endTime":27.846,"body":"podcast, the number one podcast"},{"speaker":"Tom Raftery","startTime":27.986,"endTime":31.756,"body":"showcasing best practices in climate"},{"speaker":"Tom Raftery","startTime":27.986,"endTime":31.756,"body":"emission reductions and removals."},{"speaker":"Tom Raftery","startTime":32.186,"endTime":34.126,"body":"And I'm your host, Tom Raftery."},{"speaker":"Tom Raftery","startTime":34.286,"endTime":38.046,"body":"Don't forget to click follow on this"},{"speaker":"Tom Raftery","startTime":34.286,"endTime":38.046,"body":"podcast in your podcast app of choice"},{"speaker":"Tom Raftery","startTime":38.206,"endTime":40.566,"body":"to be sure you don't miss any episodes."},{"speaker":"Tom Raftery","startTime":43.105,"endTime":43.665,"body":"Hi, everyone."},{"speaker":"Tom Raftery","startTime":43.665,"endTime":47.425,"body":"Welcome to a special episode of"},{"speaker":"Tom Raftery","startTime":43.665,"endTime":47.425,"body":"the Climate Confident podcast"},{"speaker":"Tom Raftery","startTime":47.475,"endTime":49.265,"body":"today, sponsored by SAP."},{"speaker":"Tom Raftery","startTime":49.645,"endTime":52.665,"body":"And my special guest on"},{"speaker":"Tom Raftery","startTime":49.645,"endTime":52.665,"body":"the show today is Stephan."},{"speaker":"Tom Raftery","startTime":52.985,"endTime":54.625,"body":"Stephan, welcome to the podcast."},{"speaker":"Tom Raftery","startTime":54.645,"endTime":56.255,"body":"Would you like to introduce yourself?"},{"speaker":"Stephan Müller","startTime":57.34,"endTime":59.44,"body":"Yes thanks a"},{"speaker":"Stephan Müller","startTime":57.34,"endTime":59.44,"body":"lot, Tom excited to be here."},{"speaker":"Stephan Müller","startTime":59.44,"endTime":59.87,"body":"Yes."},{"speaker":"Stephan Müller","startTime":59.91,"endTime":61.16,"body":"I'm Stephan, Stephan Müller."},{"speaker":"Stephan Müller","startTime":61.16,"endTime":65.03,"body":"I'm a solution manager from SAP and"},{"speaker":"Stephan Müller","startTime":61.16,"endTime":65.03,"body":"coming from the finance organization"},{"speaker":"Stephan Müller","startTime":65.03,"endTime":69.38,"body":"from SAP and in the finance organization"},{"speaker":"Stephan Müller","startTime":65.03,"endTime":69.38,"body":"of SAP, I look particularly on"},{"speaker":"Stephan Müller","startTime":69.39,"endTime":73.72,"body":"the topic on how sustainability is"},{"speaker":"Stephan Müller","startTime":69.39,"endTime":73.72,"body":"influencing the role of finance and"},{"speaker":"Stephan Müller","startTime":73.78,"endTime":75.5,"body":"is that also eventually our solutions."},{"speaker":"Tom Raftery","startTime":76.287,"endTime":76.767,"body":"Interesting."},{"speaker":"Tom Raftery","startTime":77.083,"endTime":81.593,"body":"Stephan, we're close to 200 episodes"},{"speaker":"Tom Raftery","startTime":77.083,"endTime":81.593,"body":"into this podcast at this point."},{"speaker":"Tom Raftery","startTime":82.003,"endTime":84.053,"body":"And I'm pretty."},{"speaker":"Tom Raftery","startTime":84.868,"endTime":88.398,"body":"Sure, this is the first time I've"},{"speaker":"Tom Raftery","startTime":84.868,"endTime":88.398,"body":"had a finance person on the podcast."},{"speaker":"Tom Raftery","startTime":88.848,"endTime":93.098,"body":"So,  I can see how finance, I mean,"},{"speaker":"Tom Raftery","startTime":88.848,"endTime":93.098,"body":"I had someone on recently talking"},{"speaker":"Tom Raftery","startTime":93.098,"endTime":96.318,"body":"about sovereign wealth funds,"},{"speaker":"Tom Raftery","startTime":93.098,"endTime":96.318,"body":"for example, but that's not what"},{"speaker":"Tom Raftery","startTime":96.318,"endTime":97.688,"body":"we're talking about here today."},{"speaker":"Tom Raftery","startTime":97.688,"endTime":103.888,"body":"I've had people on, talking about"},{"speaker":"Tom Raftery","startTime":97.688,"endTime":103.888,"body":"other finance adjacent topics, but"},{"speaker":"Tom Raftery","startTime":104.148,"endTime":106.758,"body":"your finance finance like accounting."},{"speaker":"Tom Raftery","startTime":107.088,"endTime":114.048,"body":"So what's the relationship between"},{"speaker":"Tom Raftery","startTime":107.088,"endTime":114.048,"body":"accounting finance and sustainability?"},{"speaker":"Stephan Müller","startTime":115.588,"endTime":117.428,"body":"Yeah, I think"},{"speaker":"Stephan Müller","startTime":115.588,"endTime":117.428,"body":"that that's a very good question."},{"speaker":"Stephan Müller","startTime":117.428,"endTime":120.868,"body":"I mean, we are, we are a strong"},{"speaker":"Stephan Müller","startTime":117.428,"endTime":120.868,"body":"believer that also accountants can"},{"speaker":"Stephan Müller","startTime":120.888,"endTime":123.828,"body":"put in their share to, to make this"},{"speaker":"Stephan Müller","startTime":120.888,"endTime":123.828,"body":"world a better place, first of all."},{"speaker":"Stephan Müller","startTime":123.828,"endTime":124.048,"body":"Right."},{"speaker":"Stephan Müller","startTime":124.088,"endTime":129.228,"body":"And not only from that angle, I, we also"},{"speaker":"Stephan Müller","startTime":124.088,"endTime":129.228,"body":"believe there is a true transformational"},{"speaker":"Stephan Müller","startTime":129.268,"endTime":133.448,"body":"change going on and, and will go"},{"speaker":"Stephan Müller","startTime":129.268,"endTime":133.448,"body":"on in finance departments, right."},{"speaker":"Stephan Müller","startTime":133.448,"endTime":135.548,"body":"Especially in the area of the CFO."},{"speaker":"Stephan Müller","startTime":136.168,"endTime":139.768,"body":"Let it be right to the upcoming"},{"speaker":"Stephan Müller","startTime":136.168,"endTime":139.768,"body":"regulations that, that we"},{"speaker":"Stephan Müller","startTime":139.778,"endTime":140.868,"body":"likely all know, right."},{"speaker":"Stephan Müller","startTime":140.868,"endTime":143.798,"body":"In Europe is the Corporate Sustainable"},{"speaker":"Stephan Müller","startTime":140.868,"endTime":143.798,"body":"Reporting Directive, but not only"},{"speaker":"Stephan Müller","startTime":144.038,"endTime":148.418,"body":"in Europe, we see this globally"},{"speaker":"Stephan Müller","startTime":144.038,"endTime":148.418,"body":"across industry, which will have a"},{"speaker":"Stephan Müller","startTime":148.418,"endTime":150.338,"body":"change on finance departments, right."},{"speaker":"Stephan Müller","startTime":150.338,"endTime":154.678,"body":"Because all of a sudden you, you're"},{"speaker":"Stephan Müller","startTime":150.338,"endTime":154.678,"body":"not only responsible for the,"},{"speaker":"Stephan Müller","startTime":154.695,"endTime":157.885,"body":"finance numbers, you know, all of a"},{"speaker":"Stephan Müller","startTime":154.695,"endTime":157.885,"body":"sudden you have hundreds of new data"},{"speaker":"Stephan Müller","startTime":157.895,"endTime":159.365,"body":"points you need to take care about."},{"speaker":"Stephan Müller","startTime":159.805,"endTime":163.925,"body":"And also report externally, but I"},{"speaker":"Stephan Müller","startTime":159.805,"endTime":163.925,"body":"mean, we also believe it it's not"},{"speaker":"Stephan Müller","startTime":163.925,"endTime":165.805,"body":"only about regulations and compliance."},{"speaker":"Stephan Müller","startTime":165.805,"endTime":166.085,"body":"Right."},{"speaker":"Stephan Müller","startTime":166.195,"endTime":171.115,"body":"We also see a shift in the"},{"speaker":"Stephan Müller","startTime":166.195,"endTime":171.115,"body":"role of CFO as companies set up"},{"speaker":"Stephan Müller","startTime":171.115,"endTime":173.155,"body":"new sustainability strategies."},{"speaker":"Stephan Müller","startTime":173.155,"endTime":173.425,"body":"Right."},{"speaker":"Stephan Müller","startTime":173.605,"endTime":178.035,"body":"I mean, in many industries, those are"},{"speaker":"Stephan Müller","startTime":173.605,"endTime":178.035,"body":"acknowledged a competitive advantage."},{"speaker":"Stephan Müller","startTime":178.045,"endTime":180.06,"body":"If, if you have more sustainable products."},{"speaker":"Stephan Müller","startTime":180.1,"endTime":185.55,"body":"And also for those, the CFO needs"},{"speaker":"Stephan Müller","startTime":180.1,"endTime":185.55,"body":"to provide numbers, needs to provide"},{"speaker":"Stephan Müller","startTime":185.56,"endTime":188.97,"body":"the information, needs to set up"},{"speaker":"Stephan Müller","startTime":185.56,"endTime":188.97,"body":"the operating model so you can turn"},{"speaker":"Stephan Müller","startTime":188.99,"endTime":190.98,"body":"these strategies into, into action."},{"speaker":"Stephan Müller","startTime":191.62,"endTime":197.35,"body":"And I mean, that's the wide field that"},{"speaker":"Stephan Müller","startTime":191.62,"endTime":197.35,"body":"is coming or is already here for the CFO."},{"speaker":"Stephan Müller","startTime":197.87,"endTime":198.11,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":198.11,"endTime":200.57,"body":"That, that we look at"},{"speaker":"Stephan Müller","startTime":198.11,"endTime":200.57,"body":"and think about, Hey."},{"speaker":"Stephan Müller","startTime":201.06,"endTime":205.51,"body":"What kind of tools, what kind of solutions"},{"speaker":"Stephan Müller","startTime":201.06,"endTime":205.51,"body":"are needed for, for finance departments"},{"speaker":"Stephan Müller","startTime":205.51,"endTime":206.86,"body":"to manage these demands, right?"},{"speaker":"Tom Raftery","startTime":208.125,"endTime":210.375,"body":"Yeah, well, let's,"},{"speaker":"Tom Raftery","startTime":208.125,"endTime":210.375,"body":"let's set the stage a little."},{"speaker":"Tom Raftery","startTime":210.385,"endTime":214.565,"body":"So talk to me a little bit about"},{"speaker":"Tom Raftery","startTime":210.385,"endTime":214.565,"body":"what is driving the increasing"},{"speaker":"Tom Raftery","startTime":214.595,"endTime":217.305,"body":"rigor in sustainability reporting."},{"speaker":"Tom Raftery","startTime":217.315,"endTime":220.995,"body":"Is it more about regulations, consumer"},{"speaker":"Tom Raftery","startTime":217.315,"endTime":220.995,"body":"demand, or is it something else entirely,"},{"speaker":"Tom Raftery","startTime":220.995,"endTime":222.305,"body":"or a mixture of all of the above?"},{"speaker":"Stephan Müller","startTime":223.17,"endTime":224.49,"body":"I think"},{"speaker":"Stephan Müller","startTime":223.17,"endTime":224.49,"body":"it's a mixture, right?"},{"speaker":"Stephan Müller","startTime":224.68,"endTime":228.66,"body":"I mean, obviously we see the"},{"speaker":"Stephan Müller","startTime":224.68,"endTime":228.66,"body":"anticipated evolution from"},{"speaker":"Stephan Müller","startTime":228.66,"endTime":230.49,"body":"today's more limited assurance."},{"speaker":"Stephan Müller","startTime":230.49,"endTime":233.48,"body":"If, if you stay in Europe,"},{"speaker":"Stephan Müller","startTime":230.49,"endTime":233.48,"body":"this is a deal for now, right?"},{"speaker":"Stephan Müller","startTime":234.11,"endTime":238.19,"body":"Which come is a little bit bits of softer"},{"speaker":"Stephan Müller","startTime":234.11,"endTime":238.19,"body":"auditing requirements, but we already"},{"speaker":"Stephan Müller","startTime":238.19,"endTime":242.18,"body":"know that the regulation is shifting"},{"speaker":"Stephan Müller","startTime":238.19,"endTime":242.18,"body":"towards a reasonable assurance, right?"},{"speaker":"Stephan Müller","startTime":242.18,"endTime":245.68,"body":"And, and make it much rigour"},{"speaker":"Stephan Müller","startTime":242.18,"endTime":245.68,"body":"also from an auditability and"},{"speaker":"Stephan Müller","startTime":245.68,"endTime":246.41,"body":"traceability perspective, right?"},{"speaker":"Stephan Müller","startTime":246.47,"endTime":251.167,"body":"And, and likely along that way, the"},{"speaker":"Stephan Müller","startTime":246.47,"endTime":251.167,"body":"times of Excel and will be over."},{"speaker":"Stephan Müller","startTime":251.667,"endTime":254.437,"body":"But it's, it's not only"},{"speaker":"Stephan Müller","startTime":251.667,"endTime":254.437,"body":"about the regulations."},{"speaker":"Stephan Müller","startTime":254.677,"endTime":257.407,"body":"I think also for, for the"},{"speaker":"Stephan Müller","startTime":254.677,"endTime":257.407,"body":"internal decision making, right?"},{"speaker":"Stephan Müller","startTime":257.407,"endTime":260.247,"body":"I mean, if you really want to transform"},{"speaker":"Stephan Müller","startTime":257.407,"endTime":260.247,"body":"your company and we know, and we talk"},{"speaker":"Stephan Müller","startTime":260.247,"endTime":263.897,"body":"to a lot of customers that they truly"},{"speaker":"Stephan Müller","startTime":260.247,"endTime":263.897,"body":"want to transform themselves, not only"},{"speaker":"Stephan Müller","startTime":263.897,"endTime":266.877,"body":"because of policies and regulations,"},{"speaker":"Stephan Müller","startTime":263.897,"endTime":266.877,"body":"as we said, because there is a"},{"speaker":"Stephan Müller","startTime":266.877,"endTime":268.277,"body":"clear competitive advantage to that."},{"speaker":"Stephan Müller","startTime":269.09,"endTime":274.34,"body":"You want to make business decisions based"},{"speaker":"Stephan Müller","startTime":269.09,"endTime":274.34,"body":"on a solid data foundation that you trust."},{"speaker":"Stephan Müller","startTime":274.34,"endTime":274.55,"body":"Right."},{"speaker":"Stephan Müller","startTime":274.62,"endTime":278.77,"body":"And I mean, you know, we know"},{"speaker":"Stephan Müller","startTime":274.62,"endTime":278.77,"body":"there, there's a tendency for"},{"speaker":"Stephan Müller","startTime":278.77,"endTime":282.61,"body":"sustainability data to be of low trust"},{"speaker":"Stephan Müller","startTime":278.77,"endTime":282.61,"body":"and we want to change that, right?"},{"speaker":"Stephan Müller","startTime":282.65,"endTime":283.35,"body":"We want to change that."},{"speaker":"Stephan Müller","startTime":283.35,"endTime":284.4,"body":"We want to elevate that."},{"speaker":"Stephan Müller","startTime":284.41,"endTime":287.92,"body":"We want to bring the trust to the"},{"speaker":"Stephan Müller","startTime":284.41,"endTime":287.92,"body":"sustainability data, not only for"},{"speaker":"Stephan Müller","startTime":287.92,"endTime":290.7,"body":"external reporting, but also for"},{"speaker":"Stephan Müller","startTime":287.92,"endTime":290.7,"body":"internal decision making, right."},{"speaker":"Tom Raftery","startTime":292.155,"endTime":292.815,"body":"Excellent point."},{"speaker":"Tom Raftery","startTime":292.845,"endTime":293.165,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":293.235,"endTime":293.455,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":293.925,"endTime":299.865,"body":"And we're obviously now seeing"},{"speaker":"Tom Raftery","startTime":293.925,"endTime":299.865,"body":"sustainability and finance converging"},{"speaker":"Tom Raftery","startTime":299.875,"endTime":301.845,"body":"like never before to your point earlier."},{"speaker":"Tom Raftery","startTime":302.225,"endTime":306.915,"body":"Why do you think this shift to CFOs"},{"speaker":"Tom Raftery","startTime":302.225,"endTime":306.915,"body":"owning sustainability data is necessary?"},{"speaker":"Stephan Müller","startTime":307.843,"endTime":308.153,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":308.153,"endTime":312.013,"body":"I mean first of all, these, these"},{"speaker":"Stephan Müller","startTime":308.153,"endTime":312.013,"body":"regulations typically, typically"},{"speaker":"Stephan Müller","startTime":312.013,"endTime":316.013,"body":"not in all cases, but in many cases"},{"speaker":"Stephan Müller","startTime":312.013,"endTime":316.013,"body":"land on the desk of the CFO, right?"},{"speaker":"Stephan Müller","startTime":316.013,"endTime":320.373,"body":"I mean the CFO departments are typically"},{"speaker":"Stephan Müller","startTime":316.013,"endTime":320.373,"body":"responsible in creating these reportS4"},{"speaker":"Stephan Müller","startTime":320.867,"endTime":326.573,"body":"CSRD for, for ISSB all this TCFD based"},{"speaker":"Stephan Müller","startTime":320.867,"endTime":326.573,"body":"regulations that typically land on the"},{"speaker":"Stephan Müller","startTime":326.573,"endTime":329.083,"body":"desk of the CFO, right, first of all."},{"speaker":"Stephan Müller","startTime":329.763,"endTime":335.543,"body":"But moreover, what we also see is"},{"speaker":"Stephan Müller","startTime":329.763,"endTime":335.543,"body":"that the role of a CFO eventually"},{"speaker":"Stephan Müller","startTime":335.553,"endTime":341.088,"body":"also within a company almost changes,"},{"speaker":"Stephan Müller","startTime":335.553,"endTime":341.088,"body":"transform more to a value officer, right?"},{"speaker":"Stephan Müller","startTime":341.088,"endTime":344.698,"body":"So then only that you look at the finance"},{"speaker":"Stephan Müller","startTime":341.088,"endTime":344.698,"body":"side, you also need to have the company"},{"speaker":"Stephan Müller","startTime":344.728,"endTime":349.708,"body":"value in focus and let that be that"},{"speaker":"Stephan Müller","startTime":344.728,"endTime":349.708,"body":"your finance and that you make sure"},{"speaker":"Stephan Müller","startTime":349.708,"endTime":354.493,"body":"that those new sustainability business"},{"speaker":"Stephan Müller","startTime":349.708,"endTime":354.493,"body":"models can be turned into reality."},{"speaker":"Stephan Müller","startTime":355.053,"endTime":358.223,"body":"Let it be that you need to think"},{"speaker":"Stephan Müller","startTime":355.053,"endTime":358.223,"body":"about sustainability risk and"},{"speaker":"Stephan Müller","startTime":358.223,"endTime":359.583,"body":"their impact on finance, right?"},{"speaker":"Stephan Müller","startTime":359.583,"endTime":363.763,"body":"I mean, we all unfortunately know"},{"speaker":"Stephan Müller","startTime":359.583,"endTime":363.763,"body":"of these disastrous weather events"},{"speaker":"Stephan Müller","startTime":363.763,"endTime":367.133,"body":"that we've seen recently and the"},{"speaker":"Stephan Müller","startTime":363.763,"endTime":367.133,"body":"cost that comes with that, the"},{"speaker":"Stephan Müller","startTime":367.133,"endTime":369.013,"body":"disruption of supply chain, right?"},{"speaker":"Stephan Müller","startTime":369.333,"endTime":372.213,"body":"I mean, all of those things"},{"speaker":"Stephan Müller","startTime":369.333,"endTime":372.213,"body":"eventually are financial risks."},{"speaker":"Stephan Müller","startTime":372.703,"endTime":377.923,"body":"So we see, or what we believe that"},{"speaker":"Stephan Müller","startTime":372.703,"endTime":377.923,"body":"the role of a CFO is also evolving"},{"speaker":"Stephan Müller","startTime":377.953,"endTime":381.337,"body":"of that of almost of you could"},{"speaker":"Stephan Müller","startTime":377.953,"endTime":381.337,"body":"say value officer almost, right."},{"speaker":"Tom Raftery","startTime":381.833,"endTime":383.623,"body":"Yeah, no, that's fair point."},{"speaker":"Tom Raftery","startTime":383.813,"endTime":389.163,"body":"Let's into some of the challenges before"},{"speaker":"Tom Raftery","startTime":383.813,"endTime":389.163,"body":"we come back to the value officer point."},{"speaker":"Tom Raftery","startTime":389.473,"endTime":394.353,"body":"I mean, for example, greenwashing,"},{"speaker":"Tom Raftery","startTime":389.473,"endTime":394.353,"body":"huge concern for stakeholders and"},{"speaker":"Tom Raftery","startTime":394.683,"endTime":399.683,"body":"how can robust carbon accounting"},{"speaker":"Tom Raftery","startTime":394.683,"endTime":399.683,"body":"frameworks help build trust and"},{"speaker":"Tom Raftery","startTime":399.693,"endTime":403.99,"body":"transparency to avoid that kind of"},{"speaker":"Tom Raftery","startTime":399.693,"endTime":403.99,"body":"risk of being accused of greenwashing?"},{"speaker":"Stephan Müller","startTime":404.867,"endTime":407.477,"body":"That answer can"},{"speaker":"Stephan Müller","startTime":404.867,"endTime":407.477,"body":"be a very, very long answer, Tom."},{"speaker":"Stephan Müller","startTime":407.477,"endTime":407.737,"body":"Right."},{"speaker":"Stephan Müller","startTime":407.777,"endTime":412.227,"body":"But let me, let me try to give"},{"speaker":"Stephan Müller","startTime":407.777,"endTime":412.227,"body":"some very concrete examples."},{"speaker":"Stephan Müller","startTime":412.227,"endTime":416.397,"body":"Right that, that hopefully illustrate"},{"speaker":"Stephan Müller","startTime":412.227,"endTime":416.397,"body":"on on what we can bring to the, to the"},{"speaker":"Stephan Müller","startTime":416.397,"endTime":418.127,"body":"table with, with Green Ledger, right?"},{"speaker":"Stephan Müller","startTime":418.597,"endTime":420.187,"body":"So think about it, right?"},{"speaker":"Stephan Müller","startTime":420.187,"endTime":423.047,"body":"So if you, if you have a"},{"speaker":"Stephan Müller","startTime":420.187,"endTime":423.047,"body":"report, a sustainability report,"},{"speaker":"Stephan Müller","startTime":423.047,"endTime":424.717,"body":"and let's go for scope 3.1."},{"speaker":"Stephan Müller","startTime":424.737,"endTime":428.787,"body":"So for thiS4 the emissions from"},{"speaker":"Stephan Müller","startTime":424.737,"endTime":428.787,"body":"purchased products and services, right?"},{"speaker":"Stephan Müller","startTime":429.347,"endTime":432.977,"body":"So one might come around"},{"speaker":"Stephan Müller","startTime":429.347,"endTime":432.977,"body":"and say, Hey, you reported."},{"speaker":"Stephan Müller","startTime":433.477,"endTime":436.197,"body":"1,000 ton of CO2 scopes 3.1, right?"},{"speaker":"Stephan Müller","startTime":436.237,"endTime":438.577,"body":"I mean, how did you actually"},{"speaker":"Stephan Müller","startTime":436.237,"endTime":438.577,"body":"come up with this data?"},{"speaker":"Stephan Müller","startTime":438.577,"endTime":442.497,"body":"Also looking on the earlier discussed"},{"speaker":"Stephan Müller","startTime":438.577,"endTime":442.497,"body":"a shift from limited to two more"},{"speaker":"Stephan Müller","startTime":442.497,"endTime":443.577,"body":"reasonable assurance, right?"},{"speaker":"Stephan Müller","startTime":444.077,"endTime":449.347,"body":"And I mean, but also always is a bit"},{"speaker":"Stephan Müller","startTime":444.077,"endTime":449.347,"body":"difficult, right, to come up I mean, let's"},{"speaker":"Stephan Müller","startTime":449.347,"endTime":450.917,"body":"let's say this is an Excel file, right?"},{"speaker":"Stephan Müller","startTime":450.967,"endTime":452.057,"body":"Which what we see."},{"speaker":"Stephan Müller","startTime":452.312,"endTime":456.842,"body":"No offense, but what we see in many of"},{"speaker":"Stephan Müller","startTime":452.312,"endTime":456.842,"body":"the enterprises out there and I mean,"},{"speaker":"Stephan Müller","startTime":456.842,"endTime":458.402,"body":"you know how difficult it is, right?"},{"speaker":"Stephan Müller","startTime":458.482,"endTime":461.002,"body":"I mean, somebody is putting"},{"speaker":"Stephan Müller","startTime":458.482,"endTime":461.002,"body":"in all these formulas, right?"},{"speaker":"Stephan Müller","startTime":461.002,"endTime":463.892,"body":"And very few people actually"},{"speaker":"Stephan Müller","startTime":461.002,"endTime":463.892,"body":"understand these formulas."},{"speaker":"Stephan Müller","startTime":463.892,"endTime":466.582,"body":"It's it's very difficult"},{"speaker":"Stephan Müller","startTime":463.892,"endTime":466.582,"body":"actually to trace who have, who"},{"speaker":"Stephan Müller","startTime":466.582,"endTime":468.222,"body":"has entered what data, right?"},{"speaker":"Stephan Müller","startTime":468.242,"endTime":469.622,"body":"At what point in time, right?"},{"speaker":"Stephan Müller","startTime":469.652,"endTime":470.912,"body":"Who has changed the data."},{"speaker":"Stephan Müller","startTime":470.912,"endTime":475.432,"body":"So it's, it's, it's a very low"},{"speaker":"Stephan Müller","startTime":470.912,"endTime":475.432,"body":"trust way to account carbon from a"},{"speaker":"Stephan Müller","startTime":475.432,"endTime":479.202,"body":"technology point, I would say, but"},{"speaker":"Stephan Müller","startTime":475.432,"endTime":479.202,"body":"now think about what we do in finance."},{"speaker":"Stephan Müller","startTime":479.202,"endTime":482.312,"body":"And if you could apply the same"},{"speaker":"Stephan Müller","startTime":479.202,"endTime":482.312,"body":"models now also for sustainability,"},{"speaker":"Stephan Müller","startTime":482.622,"endTime":487.302,"body":"if you could link that 3.1 number"},{"speaker":"Stephan Müller","startTime":482.622,"endTime":487.302,"body":"that you report and trace it all the"},{"speaker":"Stephan Müller","startTime":487.302,"endTime":490.072,"body":"way to the actual goods received."},{"speaker":"Stephan Müller","startTime":490.507,"endTime":493.567,"body":"That caused these numbers that you"},{"speaker":"Stephan Müller","startTime":490.507,"endTime":493.567,"body":"can say, listen, I mean, those are the"},{"speaker":"Stephan Müller","startTime":493.567,"endTime":497.67,"body":"goods received in our reporting period"},{"speaker":"Stephan Müller","startTime":493.567,"endTime":497.67,"body":"that we got into, into our storage"},{"speaker":"Stephan Müller","startTime":497.67,"endTime":499.18,"body":"location that we got into our warehouse."},{"speaker":"Stephan Müller","startTime":499.56,"endTime":503.19,"body":"That is the way on how we actually"},{"speaker":"Stephan Müller","startTime":499.56,"endTime":503.19,"body":"evaluated from a CO2 point of"},{"speaker":"Stephan Müller","startTime":503.19,"endTime":504.13,"body":"view, those goods received."},{"speaker":"Stephan Müller","startTime":504.43,"endTime":505.81,"body":"This is where we got the data from."},{"speaker":"Stephan Müller","startTime":506.06,"endTime":510.54,"body":"So you get the clear traceability from"},{"speaker":"Stephan Müller","startTime":506.06,"endTime":510.54,"body":"the report all the way down to the"},{"speaker":"Stephan Müller","startTime":510.54,"endTime":512.74,"body":"source document in an auditable way."},{"speaker":"Stephan Müller","startTime":513.042,"endTime":517.052,"body":"And, and also, I mean, if we use"},{"speaker":"Stephan Müller","startTime":513.042,"endTime":517.052,"body":"the same rigor mechanisms that we"},{"speaker":"Stephan Müller","startTime":517.052,"endTime":521.132,"body":"today use for accounting, also for"},{"speaker":"Stephan Müller","startTime":517.052,"endTime":521.132,"body":"sustainability, that you post a"},{"speaker":"Stephan Müller","startTime":521.132,"endTime":522.752,"body":"document, you have a clear posting date."},{"speaker":"Stephan Müller","startTime":522.762,"endTime":525.572,"body":"You have a clear user who"},{"speaker":"Stephan Müller","startTime":522.762,"endTime":525.572,"body":"created this document."},{"speaker":"Stephan Müller","startTime":525.752,"endTime":528.412,"body":"If you change it, you just"},{"speaker":"Stephan Müller","startTime":525.752,"endTime":528.412,"body":"cannot go in there and change it."},{"speaker":"Stephan Müller","startTime":528.832,"endTime":531.052,"body":"You need to cancel it, repost it."},{"speaker":"Stephan Müller","startTime":531.052,"endTime":533.472,"body":"And by that, keep the"},{"speaker":"Stephan Müller","startTime":531.052,"endTime":533.472,"body":"traceability alive, right?"},{"speaker":"Stephan Müller","startTime":534.002,"endTime":538.672,"body":"If you would apply this now also for"},{"speaker":"Stephan Müller","startTime":534.002,"endTime":538.672,"body":"carbon, we believe the trust in this"},{"speaker":"Stephan Müller","startTime":538.692,"endTime":542.717,"body":"data can substantially be elevated,"},{"speaker":"Stephan Müller","startTime":538.692,"endTime":542.717,"body":"internally as well as externally."},{"speaker":"Stephan Müller","startTime":543.357,"endTime":546.757,"body":"And trust is a super important currency"},{"speaker":"Stephan Müller","startTime":543.357,"endTime":546.757,"body":"when it comes down to business, right?"},{"speaker":"Stephan Müller","startTime":547.047,"endTime":549.107,"body":"You do business with"},{"speaker":"Stephan Müller","startTime":547.047,"endTime":549.107,"body":"those companies you trust."},{"speaker":"Tom Raftery","startTime":549.842,"endTime":551.092,"body":"Yeah, yeah, no, that's true."},{"speaker":"Tom Raftery","startTime":551.542,"endTime":556.522,"body":"And that leads me on, I guess, to the,"},{"speaker":"Tom Raftery","startTime":551.542,"endTime":556.522,"body":"the, the natural next question on that,"},{"speaker":"Tom Raftery","startTime":556.562,"endTime":562.722,"body":"which is you are posting that 1,000"},{"speaker":"Tom Raftery","startTime":556.562,"endTime":562.722,"body":"kilos from stuff that you bought, but"},{"speaker":"Tom Raftery","startTime":562.722,"endTime":567.702,"body":"you then have to make sure that that"},{"speaker":"Tom Raftery","startTime":562.722,"endTime":567.702,"body":"1,000 kilos that you're reporting from"},{"speaker":"Tom Raftery","startTime":567.702,"endTime":574.222,"body":"your suppliers, that that is the data"},{"speaker":"Tom Raftery","startTime":567.702,"endTime":574.222,"body":"they're reporting is valid data, which"},{"speaker":"Tom Raftery","startTime":574.222,"endTime":579.512,"body":"is challenging in itself, you know, how"},{"speaker":"Tom Raftery","startTime":574.222,"endTime":579.512,"body":"do you assure that your supplier's data"},{"speaker":"Tom Raftery","startTime":580.162,"endTime":582.742,"body":"that you're reporting is trustworthy?"},{"speaker":"Stephan Müller","startTime":583.242,"endTime":585.132,"body":"That's also"},{"speaker":"Stephan Müller","startTime":583.242,"endTime":585.132,"body":"an excellent question, right?"},{"speaker":"Stephan Müller","startTime":585.192,"endTime":587.752,"body":"And that, that question"},{"speaker":"Stephan Müller","startTime":585.192,"endTime":587.752,"body":"comes up in, in almost every"},{"speaker":"Stephan Müller","startTime":587.752,"endTime":589.742,"body":"customer conversation we have."},{"speaker":"Stephan Müller","startTime":590.002,"endTime":591.272,"body":"I mean, it's important to state, right?"},{"speaker":"Stephan Müller","startTime":591.272,"endTime":596.492,"body":"First of all, what the Green Ledger does,"},{"speaker":"Stephan Müller","startTime":591.272,"endTime":596.492,"body":"it opens up our ERP, our S4 Hana Cloud."},{"speaker":"Stephan Müller","startTime":596.492,"endTime":601.562,"body":"So our ERP system, in order to be able to"},{"speaker":"Stephan Müller","startTime":596.492,"endTime":601.562,"body":"account those numbers first of all, right?"},{"speaker":"Stephan Müller","startTime":601.562,"endTime":605.312,"body":"So if you receive a goods receipt that"},{"speaker":"Stephan Müller","startTime":601.562,"endTime":605.312,"body":"you can assign a carbon value to it,"},{"speaker":"Stephan Müller","startTime":605.522,"endTime":609.362,"body":"and that you then also can carry along"},{"speaker":"Stephan Müller","startTime":605.522,"endTime":609.362,"body":"this carbon value along the financial"},{"speaker":"Stephan Müller","startTime":609.412,"endTime":611.242,"body":"processes all up the way to the report."},{"speaker":"Stephan Müller","startTime":611.242,"endTime":614.212,"body":"So this is, as we know it from"},{"speaker":"Stephan Müller","startTime":611.242,"endTime":614.212,"body":"finance, this is what we do, first"},{"speaker":"Stephan Müller","startTime":614.212,"endTime":615.192,"body":"of all with the Green Ledger."},{"speaker":"Stephan Müller","startTime":615.532,"endTime":618.832,"body":"Of course, an important question"},{"speaker":"Stephan Müller","startTime":615.532,"endTime":618.832,"body":"is you need to get a number"},{"speaker":"Stephan Müller","startTime":618.832,"endTime":619.822,"body":"from your supplier, right?"},{"speaker":"Stephan Müller","startTime":619.827,"endTime":622.902,"body":"And, and to be very open and very"},{"speaker":"Stephan Müller","startTime":619.827,"endTime":622.902,"body":"honest, the Green Ledger as such"},{"speaker":"Stephan Müller","startTime":622.922,"endTime":624.052,"body":"won't help you with that, right?"},{"speaker":"Stephan Müller","startTime":624.052,"endTime":626.942,"body":"So we provide the possibility"},{"speaker":"Stephan Müller","startTime":624.052,"endTime":626.942,"body":"to account for that."},{"speaker":"Stephan Müller","startTime":627.352,"endTime":630.502,"body":"But there are different solutions"},{"speaker":"Stephan Müller","startTime":627.352,"endTime":630.502,"body":"out there that can help you actually"},{"speaker":"Stephan Müller","startTime":631.135,"endTime":634.355,"body":"to elevate the data quality, to"},{"speaker":"Stephan Müller","startTime":631.135,"endTime":634.355,"body":"make this whole data collection"},{"speaker":"Stephan Müller","startTime":634.355,"endTime":635.585,"body":"process much more efficient."},{"speaker":"Stephan Müller","startTime":635.585,"endTime":638.655,"body":"And for example, in SAP, we have"},{"speaker":"Stephan Müller","startTime":635.585,"endTime":638.655,"body":"a solution called Sustainability"},{"speaker":"Stephan Müller","startTime":638.655,"endTime":639.535,"body":"Footprint Management."},{"speaker":"Stephan Müller","startTime":640.27,"endTime":643.47,"body":"Which you could think of a"},{"speaker":"Stephan Müller","startTime":640.27,"endTime":643.47,"body":"central repository for all your,"},{"speaker":"Stephan Müller","startTime":643.52,"endTime":646.65,"body":"your material footprints that"},{"speaker":"Stephan Müller","startTime":643.52,"endTime":646.65,"body":"you receive from your suppliers."},{"speaker":"Stephan Müller","startTime":647.23,"endTime":649.84,"body":"And they also provide data traces, right?"},{"speaker":"Stephan Müller","startTime":649.99,"endTime":655.52,"body":"When you receive the footprint from the"},{"speaker":"Stephan Müller","startTime":649.99,"endTime":655.52,"body":"supplier under what standard, maybe under"},{"speaker":"Stephan Müller","startTime":655.52,"endTime":660.23,"body":"what certificate and so on to really"},{"speaker":"Stephan Müller","startTime":655.52,"endTime":660.23,"body":"create transparency on the footprints"},{"speaker":"Stephan Müller","startTime":660.23,"endTime":661.7,"body":"that you receive from your suppliers."},{"speaker":"Stephan Müller","startTime":662.255,"endTime":665.955,"body":"But of course, eventually, it's"},{"speaker":"Stephan Müller","startTime":662.255,"endTime":665.955,"body":"also a question that you get a"},{"speaker":"Stephan Müller","startTime":665.955,"endTime":667.285,"body":"good footprint from your supplier."},{"speaker":"Stephan Müller","startTime":667.755,"endTime":669.915,"body":"But the Green Ledger as such"},{"speaker":"Stephan Müller","startTime":667.755,"endTime":669.915,"body":"should be very open and honest."},{"speaker":"Stephan Müller","startTime":670.205,"endTime":671.915,"body":"That does not help you with that task."},{"speaker":"Stephan Müller","startTime":672.185,"endTime":675.575,"body":"But once you receive this footprint"},{"speaker":"Stephan Müller","startTime":672.185,"endTime":675.575,"body":"with the Green Ledger, you can"},{"speaker":"Stephan Müller","startTime":675.615,"endTime":678.125,"body":"account it and you can make it"},{"speaker":"Stephan Müller","startTime":675.615,"endTime":678.125,"body":"transparent in your company."},{"speaker":"Tom Raftery","startTime":678.832,"endTime":682.552,"body":"Now you've mentioned the"},{"speaker":"Tom Raftery","startTime":678.832,"endTime":682.552,"body":"Green Ledger a couple of times in passing,"},{"speaker":"Tom Raftery","startTime":682.552,"endTime":685.212,"body":"but we haven't actually introduced it."},{"speaker":"Tom Raftery","startTime":685.222,"endTime":689.882,"body":"So talk to me a little bit about this"},{"speaker":"Tom Raftery","startTime":685.222,"endTime":689.882,"body":"new product that has just come out"},{"speaker":"Tom Raftery","startTime":689.882,"endTime":692.292,"body":"this week, the green ledger from SAP."},{"speaker":"Tom Raftery","startTime":693.232,"endTime":693.862,"body":"What is it?"},{"speaker":"Stephan Müller","startTime":695.417,"endTime":695.747,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":695.793,"endTime":699.893,"body":"The SAP Green Ledger as, as we"},{"speaker":"Stephan Müller","startTime":695.793,"endTime":699.893,"body":"say, is, is exactly that capability"},{"speaker":"Stephan Müller","startTime":699.893,"endTime":700.863,"body":"that just talked about, right."},{"speaker":"Stephan Müller","startTime":700.863,"endTime":705.173,"body":"That you, that enables that open"},{"speaker":"Stephan Müller","startTime":700.863,"endTime":705.173,"body":"up our S4 HANA cloud system to"},{"speaker":"Stephan Müller","startTime":705.183,"endTime":709.538,"body":"be able to account carbon the"},{"speaker":"Stephan Müller","startTime":705.183,"endTime":709.538,"body":"same way we account the finance."},{"speaker":"Stephan Müller","startTime":709.668,"endTime":710.708,"body":"So what does this mean?"},{"speaker":"Stephan Müller","startTime":710.708,"endTime":710.918,"body":"Right?"},{"speaker":"Stephan Müller","startTime":710.918,"endTime":712.768,"body":"So maybe let's do a concrete example."},{"speaker":"Stephan Müller","startTime":712.768,"endTime":714.878,"body":"As we talked about goods received earlier."},{"speaker":"Stephan Müller","startTime":715.128,"endTime":716.598,"body":"Let's let's stick with that, right?"},{"speaker":"Stephan Müller","startTime":716.938,"endTime":720.648,"body":"So imagine you receive a"},{"speaker":"Stephan Müller","startTime":716.938,"endTime":720.648,"body":"good from your supplier."},{"speaker":"Stephan Müller","startTime":720.678,"endTime":722.038,"body":"What happens in finance, right?"},{"speaker":"Stephan Müller","startTime":722.038,"endTime":725.898,"body":"Somebody in the warehouse opens up,"},{"speaker":"Stephan Müller","startTime":722.038,"endTime":725.898,"body":"posts the goods received document"},{"speaker":"Stephan Müller","startTime":725.928,"endTime":727.838,"body":"as a material document in S4."},{"speaker":"Stephan Müller","startTime":728.428,"endTime":732.613,"body":"Automatically based on the posting"},{"speaker":"Stephan Müller","startTime":728.428,"endTime":732.613,"body":"configuration of the system"},{"speaker":"Stephan Müller","startTime":732.633,"endTime":734.823,"body":"automatically, you also post"},{"speaker":"Stephan Müller","startTime":732.633,"endTime":734.823,"body":"a financial valuation, right?"},{"speaker":"Stephan Müller","startTime":734.963,"endTime":737.533,"body":"You say, Hey, to which profit"},{"speaker":"Stephan Müller","startTime":734.963,"endTime":737.533,"body":"center do I assign this?"},{"speaker":"Stephan Müller","startTime":737.533,"endTime":739.263,"body":"To which account do I assign this?"},{"speaker":"Stephan Müller","startTime":739.473,"endTime":741.193,"body":"To which business"},{"speaker":"Stephan Müller","startTime":739.473,"endTime":741.193,"body":"segment do I assign this?"},{"speaker":"Stephan Müller","startTime":741.203,"endTime":742.613,"body":"And you also evaluate it financially."},{"speaker":"Stephan Müller","startTime":742.623,"endTime":742.813,"body":"Right?"},{"speaker":"Stephan Müller","startTime":742.813,"endTime":746.64,"body":"So if the, the clerk in the warehouse"},{"speaker":"Stephan Müller","startTime":742.813,"endTime":746.64,"body":"is, is capturing the goods received,"},{"speaker":"Stephan Müller","startTime":747.21,"endTime":748.3,"body":"they don't even think about it."},{"speaker":"Stephan Müller","startTime":748.3,"endTime":749.49,"body":"This all happens automatically."},{"speaker":"Stephan Müller","startTime":749.86,"endTime":755.215,"body":"And now let's think with Green Ledger"},{"speaker":"Stephan Müller","startTime":749.86,"endTime":755.215,"body":"we reuse, we mirror the same logic"},{"speaker":"Stephan Müller","startTime":755.215,"endTime":759.655,"body":"now also for CO2, that if we know the"},{"speaker":"Stephan Müller","startTime":755.215,"endTime":759.655,"body":"footprint from the supplier for that"},{"speaker":"Stephan Müller","startTime":759.655,"endTime":763.345,"body":"material that we ordered, that not"},{"speaker":"Stephan Müller","startTime":759.655,"endTime":763.345,"body":"only to evaluate it from a financial"},{"speaker":"Stephan Müller","startTime":763.345,"endTime":767.165,"body":"point of view, we also evaluate it"},{"speaker":"Stephan Müller","startTime":763.345,"endTime":767.165,"body":"from an emissions point of view, from"},{"speaker":"Stephan Müller","startTime":767.165,"endTime":769.485,"body":"a carbon emissions point point of view."},{"speaker":"Stephan Müller","startTime":769.485,"endTime":771.215,"body":"By reusing the financial logic."},{"speaker":"Stephan Müller","startTime":771.215,"endTime":775.915,"body":"So we reuse the account, we reuse the"},{"speaker":"Stephan Müller","startTime":771.215,"endTime":775.915,"body":"organizational units like a profit"},{"speaker":"Stephan Müller","startTime":775.915,"endTime":780.025,"body":"center, like the connected business"},{"speaker":"Stephan Müller","startTime":775.915,"endTime":780.025,"body":"segments, like the the company codes"},{"speaker":"Stephan Müller","startTime":780.045,"endTime":783.795,"body":"and so on and so on that we also"},{"speaker":"Stephan Müller","startTime":780.045,"endTime":783.795,"body":"now use to account for finance."},{"speaker":"Stephan Müller","startTime":784.045,"endTime":785.545,"body":"We also account the CO2."},{"speaker":"Stephan Müller","startTime":786.185,"endTime":787.185,"body":"And as you just said, right?"},{"speaker":"Stephan Müller","startTime":787.185,"endTime":790.175,"body":"I mean, eventually it's important that"},{"speaker":"Stephan Müller","startTime":787.185,"endTime":790.175,"body":"we have the footprint of this material."},{"speaker":"Stephan Müller","startTime":790.175,"endTime":793.915,"body":"I mean, that's a prerequisite, but"},{"speaker":"Stephan Müller","startTime":790.175,"endTime":793.915,"body":"once we have that, we can account this"},{"speaker":"Stephan Müller","startTime":794.205,"endTime":797.025,"body":"reusing mirroring the financial logic."},{"speaker":"Stephan Müller","startTime":797.335,"endTime":803.415,"body":"And by that we also align CO2 and"},{"speaker":"Stephan Müller","startTime":797.335,"endTime":803.415,"body":"finance on business processes on"},{"speaker":"Stephan Müller","startTime":803.415,"endTime":804.885,"body":"real actual business processes."},{"speaker":"Tom Raftery","startTime":805.938,"endTime":812.353,"body":"And to my earlier point about"},{"speaker":"Tom Raftery","startTime":805.938,"endTime":812.353,"body":"not being sure about the trustworthiness"},{"speaker":"Tom Raftery","startTime":812.353,"endTime":817.063,"body":"of the data from some of your suppliers,"},{"speaker":"Tom Raftery","startTime":812.353,"endTime":817.063,"body":"flipping that on its head, if a company"},{"speaker":"Tom Raftery","startTime":817.063,"endTime":825.283,"body":"now is using Green Ledger, then their"},{"speaker":"Tom Raftery","startTime":817.063,"endTime":825.283,"body":"customers should be able to much more"},{"speaker":"Tom Raftery","startTime":825.703,"endTime":830.713,"body":"reliably trust the carbon data associated"},{"speaker":"Tom Raftery","startTime":825.703,"endTime":830.713,"body":"with the goods they're buying, correct?"},{"speaker":"Stephan Müller","startTime":831.348,"endTime":832.278,"body":"Yeah, absolutely right."},{"speaker":"Stephan Müller","startTime":832.278,"endTime":834.878,"body":"I mean, that's the scaling"},{"speaker":"Stephan Müller","startTime":832.278,"endTime":834.878,"body":"effect we count on, right?"},{"speaker":"Stephan Müller","startTime":834.988,"endTime":841.278,"body":"The more companies request"},{"speaker":"Stephan Müller","startTime":834.988,"endTime":841.278,"body":"CO2 information, trustful CO2"},{"speaker":"Stephan Müller","startTime":841.308,"endTime":843.438,"body":"mentioned, audited CO2 information."},{"speaker":"Stephan Müller","startTime":843.758,"endTime":848.418,"body":"The higher is the need for solutions that"},{"speaker":"Stephan Müller","startTime":843.758,"endTime":848.418,"body":"actually provide you the capabilities"},{"speaker":"Stephan Müller","startTime":848.418,"endTime":852.338,"body":"to calculate them, in a transparent,"},{"speaker":"Stephan Müller","startTime":848.418,"endTime":852.338,"body":"traceable, and also auditable way."},{"speaker":"Stephan Müller","startTime":852.938,"endTime":857.458,"body":"And yeah, the Green Ledger exactly plays"},{"speaker":"Stephan Müller","startTime":852.938,"endTime":857.458,"body":"into that, right down the value chain."},{"speaker":"Stephan Müller","startTime":857.938,"endTime":863.718,"body":"So eventually to help elevating the"},{"speaker":"Stephan Müller","startTime":857.938,"endTime":863.718,"body":"data quality of complete industries."},{"speaker":"Stephan Müller","startTime":863.718,"endTime":863.868,"body":"Yes."},{"speaker":"Tom Raftery","startTime":865.103,"endTime":869.133,"body":"And I mean, this being"},{"speaker":"Tom Raftery","startTime":865.103,"endTime":869.133,"body":"the Climate Confident podcast and"},{"speaker":"Tom Raftery","startTime":869.453,"endTime":872.583,"body":"one of the mission statements, if"},{"speaker":"Tom Raftery","startTime":869.453,"endTime":872.583,"body":"I can use such a grandiose term"},{"speaker":"Tom Raftery","startTime":872.593,"endTime":876.943,"body":"for a podcast of the podcast is"},{"speaker":"Tom Raftery","startTime":872.593,"endTime":876.943,"body":"to highlight successful emission"},{"speaker":"Tom Raftery","startTime":876.943,"endTime":879.133,"body":"reductions, stories and strategies."},{"speaker":"Tom Raftery","startTime":879.473,"endTime":886.143,"body":"So, is one of the capabilities of"},{"speaker":"Tom Raftery","startTime":879.473,"endTime":886.143,"body":"Green Ledger the ability to identify"},{"speaker":"Tom Raftery","startTime":886.633,"endTime":890.193,"body":"places where there's high carbon"},{"speaker":"Tom Raftery","startTime":886.633,"endTime":890.193,"body":"in your systems and therefore"},{"speaker":"Tom Raftery","startTime":890.423,"endTime":892.043,"body":"be able to work to reduce that."},{"speaker":"Stephan Müller","startTime":893.918,"endTime":894.908,"body":"Yeah, absolutely."},{"speaker":"Stephan Müller","startTime":894.908,"endTime":895.218,"body":"Right."},{"speaker":"Stephan Müller","startTime":895.258,"endTime":900.298,"body":"I mean that's a part of this regulatory"},{"speaker":"Stephan Müller","startTime":895.258,"endTime":900.298,"body":"aspect that we talked about a lot now."},{"speaker":"Stephan Müller","startTime":928.0780000000001,"endTime":930.508,"body":"Let's more look onto the internal aspect."},{"speaker":"Stephan Müller","startTime":930.518,"endTime":931.3380000000001,"body":"Absolutely."},{"speaker":"Stephan Müller","startTime":931.3380000000001,"endTime":935.5980000000001,"body":"I mean, that's one of the core values"},{"speaker":"Stephan Müller","startTime":931.3380000000001,"endTime":935.5980000000001,"body":"that you also see from an from an SAP"},{"speaker":"Stephan Müller","startTime":935.5980000000001,"endTime":940.3280000000001,"body":"Green Ledger that it makes you transparent"},{"speaker":"Stephan Müller","startTime":935.5980000000001,"endTime":940.3280000000001,"body":"where you can optimize within a company."},{"speaker":"Stephan Müller","startTime":940.418,"endTime":944.0580000000001,"body":"So let me, let me give you some,"},{"speaker":"Stephan Müller","startTime":940.418,"endTime":944.0580000000001,"body":"some very concrete examples, right?"},{"speaker":"Stephan Müller","startTime":944.0580000000001,"endTime":948.018,"body":"So let's look on, on how we"},{"speaker":"Stephan Müller","startTime":944.0580000000001,"endTime":948.018,"body":"account for energy costs, right?"},{"speaker":"Stephan Müller","startTime":948.1880000000001,"endTime":951.408,"body":"And how we account energy costs"},{"speaker":"Stephan Müller","startTime":948.1880000000001,"endTime":951.408,"body":"on certain products, right?"},{"speaker":"Stephan Müller","startTime":951.408,"endTime":956.0980000000001,"body":"So we, we have a model established in,"},{"speaker":"Stephan Müller","startTime":951.408,"endTime":956.0980000000001,"body":"in, in companies where when you typically,"},{"speaker":"Stephan Müller","startTime":956.0980000000001,"endTime":957.498,"body":"you've got an energy bill, right?"},{"speaker":"Stephan Müller","startTime":957.7180000000001,"endTime":961.8580000000001,"body":"Once a year or whenever you get"},{"speaker":"Stephan Müller","startTime":957.7180000000001,"endTime":961.8580000000001,"body":"it on periodically, you'd be"},{"speaker":"Stephan Müller","startTime":961.868,"endTime":963.4780000000001,"body":"posted to an energy cost center."},{"speaker":"Stephan Müller","startTime":963.5580000000001,"endTime":967.4380000000001,"body":"So first of all, the account and energy"},{"speaker":"Stephan Müller","startTime":963.5580000000001,"endTime":967.4380000000001,"body":"cost center for, for those energy costs."},{"speaker":"Stephan Müller","startTime":968.043,"endTime":971.263,"body":"And then from that energy cost centers,"},{"speaker":"Stephan Müller","startTime":968.043,"endTime":971.263,"body":"we allocate them to production cost"},{"speaker":"Stephan Müller","startTime":971.273,"endTime":972.923,"body":"centers based on certain logics."},{"speaker":"Stephan Müller","startTime":972.923,"endTime":975.9870000000001,"body":"Let it be the square meter, let"},{"speaker":"Stephan Müller","startTime":972.923,"endTime":975.9870000000001,"body":"it be the amount of products"},{"speaker":"Stephan Müller","startTime":976.0070000000001,"endTime":977.2470000000001,"body":"that they produce, right?"},{"speaker":"Stephan Müller","startTime":977.2470000000001,"endTime":980.8470000000001,"body":"So we have a certain logic on how"},{"speaker":"Stephan Müller","startTime":977.2470000000001,"endTime":980.8470000000001,"body":"we now account the cost of the"},{"speaker":"Stephan Müller","startTime":980.8470000000001,"endTime":982.4570000000001,"body":"energy to production cost centers."},{"speaker":"Stephan Müller","startTime":982.8570000000001,"endTime":985.577,"body":"And from the production cost"},{"speaker":"Stephan Müller","startTime":982.8570000000001,"endTime":985.577,"body":"centers, we eventually assign"},{"speaker":"Stephan Müller","startTime":985.577,"endTime":986.777,"body":"the cost to our products."},{"speaker":"Stephan Müller","startTime":987.0070000000001,"endTime":989.277,"body":"So we know the cost of the"},{"speaker":"Stephan Müller","startTime":987.0070000000001,"endTime":989.277,"body":"products that we produce."},{"speaker":"Stephan Müller","startTime":989.807,"endTime":991.197,"body":"So, and that is there, right?"},{"speaker":"Stephan Müller","startTime":991.2470000000001,"endTime":995.9770000000001,"body":"That is running, that is established, that"},{"speaker":"Stephan Müller","startTime":991.2470000000001,"endTime":995.9770000000001,"body":"is there for, for companies for decades."},{"speaker":"Stephan Müller","startTime":997.287,"endTime":998.6270000000001,"body":"And now we use that for carbon."},{"speaker":"Stephan Müller","startTime":999.057,"endTime":1001.037,"body":"We can, we can go all the same way, right?"},{"speaker":"Stephan Müller","startTime":1001.037,"endTime":1005.5970000000001,"body":"So if you now not only account the cost"},{"speaker":"Stephan Müller","startTime":1001.037,"endTime":1005.5970000000001,"body":"of the energy bill, but also CO2 of the"},{"speaker":"Stephan Müller","startTime":1005.5970000000001,"endTime":1010.187,"body":"energy bill to that energy cost center,"},{"speaker":"Stephan Müller","startTime":1005.5970000000001,"endTime":1010.187,"body":"and then from there we allocate it using"},{"speaker":"Stephan Müller","startTime":1010.2470000000001,"endTime":1013.277,"body":"the same logic to the production cost"},{"speaker":"Stephan Müller","startTime":1010.2470000000001,"endTime":1013.277,"body":"center, and then from there to the,"},{"speaker":"Stephan Müller","startTime":1013.6170000000001,"endTime":1015.2570000000001,"body":"to the, to the actual products, right?"},{"speaker":"Stephan Müller","startTime":1015.7270000000001,"endTime":1016.9770000000001,"body":"The, the, the carbon."},{"speaker":"Stephan Müller","startTime":1017.682,"endTime":1021.282,"body":"So the areas where the carbon"},{"speaker":"Stephan Müller","startTime":1017.682,"endTime":1021.282,"body":"eventually resides become transparent"},{"speaker":"Stephan Müller","startTime":1021.802,"endTime":1024.432,"body":"in which production step in"},{"speaker":"Stephan Müller","startTime":1021.802,"endTime":1024.432,"body":"which production cost center."},{"speaker":"Stephan Müller","startTime":1024.432,"endTime":1024.612,"body":"Right?"},{"speaker":"Stephan Müller","startTime":1024.612,"endTime":1030.282,"body":"So basically, we bring the data to"},{"speaker":"Stephan Müller","startTime":1024.612,"endTime":1030.282,"body":"the internal stakeholders to the cost"},{"speaker":"Stephan Müller","startTime":1030.292,"endTime":1034.232,"body":"center managers to the people that"},{"speaker":"Stephan Müller","startTime":1030.292,"endTime":1034.232,"body":"are responsible for the products on"},{"speaker":"Stephan Müller","startTime":1034.232,"endTime":1038.567,"body":"a very transparent way, not in an"},{"speaker":"Stephan Müller","startTime":1034.232,"endTime":1038.567,"body":"Excel, not in a Data warehouse that"},{"speaker":"Stephan Müller","startTime":1038.567,"endTime":1040.387,"body":"you somehow make these calculations."},{"speaker":"Stephan Müller","startTime":1040.847,"endTime":1044.397,"body":"No, we reuse to establish financial"},{"speaker":"Stephan Müller","startTime":1040.847,"endTime":1044.397,"body":"controls in order to do that."},{"speaker":"Stephan Müller","startTime":1044.757,"endTime":1049.297,"body":"And by that you can then also spot, Hey,"},{"speaker":"Stephan Müller","startTime":1044.757,"endTime":1049.297,"body":"there is optimization potential, right?"},{"speaker":"Stephan Müller","startTime":1049.927,"endTime":1053.707,"body":"Where do I need to prioritize"},{"speaker":"Stephan Müller","startTime":1049.927,"endTime":1053.707,"body":"my investments for transforming"},{"speaker":"Stephan Müller","startTime":1053.847,"endTime":1056.877,"body":"into a more sustainable a"},{"speaker":"Stephan Müller","startTime":1053.847,"endTime":1056.877,"body":"product et cetera, et cetera."},{"speaker":"Stephan Müller","startTime":1057.422,"endTime":1061.142,"body":"And I can come up with many examples"},{"speaker":"Stephan Müller","startTime":1057.422,"endTime":1061.142,"body":"that we heard from customer that this"},{"speaker":"Stephan Müller","startTime":1061.172,"endTime":1062.492,"body":"actually can make a big difference."},{"speaker":"Tom Raftery","startTime":1063.613,"endTime":1066.5330000000001,"body":"Just as you bring"},{"speaker":"Tom Raftery","startTime":1063.613,"endTime":1066.5330000000001,"body":"that up, do you have customer"},{"speaker":"Tom Raftery","startTime":1066.5330000000001,"endTime":1067.973,"body":"examples you can talk to?"},{"speaker":"Tom Raftery","startTime":1067.973,"endTime":1071.183,"body":"I know it's a new product, but I'm"},{"speaker":"Tom Raftery","startTime":1067.973,"endTime":1071.183,"body":"sure you've been kind of beta testing"},{"speaker":"Tom Raftery","startTime":1071.183,"endTime":1072.5230000000001,"body":"it with customers before launch."},{"speaker":"Stephan Müller","startTime":1073.4180000000001,"endTime":1073.8680000000002,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":1073.8680000000002,"endTime":1077.548,"body":"So we had, we heard some, some"},{"speaker":"Stephan Müller","startTime":1073.8680000000002,"endTime":1077.548,"body":"great ideas from customers, what"},{"speaker":"Stephan Müller","startTime":1077.548,"endTime":1078.688,"body":"they actually like to do with it."},{"speaker":"Stephan Müller","startTime":1078.748,"endTime":1082.548,"body":"I mean, one of my favorite examples"},{"speaker":"Stephan Müller","startTime":1078.748,"endTime":1082.548,"body":"is let's say agriculture, right?"},{"speaker":"Stephan Müller","startTime":1082.568,"endTime":1083.588,"body":"Harvesting machines."},{"speaker":"Stephan Müller","startTime":1084.108,"endTime":1087.518,"body":"I mean, those harvesting machines,"},{"speaker":"Stephan Müller","startTime":1084.108,"endTime":1087.518,"body":"I mean, they easily cost millions"},{"speaker":"Stephan Müller","startTime":1087.548,"endTime":1089.518,"body":"of, dollars or euros, right?"},{"speaker":"Stephan Müller","startTime":1089.518,"endTime":1091.6180000000002,"body":"And hardly any farmer"},{"speaker":"Stephan Müller","startTime":1089.518,"endTime":1091.6180000000002,"body":"is buying them on cash."},{"speaker":"Stephan Müller","startTime":1091.6180000000002,"endTime":1092.468,"body":"They get financed."},{"speaker":"Stephan Müller","startTime":1092.8980000000001,"endTime":1096.583,"body":"And when you finance them, right,"},{"speaker":"Stephan Müller","startTime":1092.8980000000001,"endTime":1096.583,"body":"the financing company wants"},{"speaker":"Stephan Müller","startTime":1096.583,"endTime":1097.7630000000001,"body":"to know the footprint, right?"},{"speaker":"Stephan Müller","startTime":1097.7630000000001,"endTime":1099.153,"body":"Wants to know the sustainability number."},{"speaker":"Stephan Müller","startTime":1099.153,"endTime":1102.823,"body":"So now think about when we"},{"speaker":"Stephan Müller","startTime":1099.153,"endTime":1102.823,"body":"produce these harvesting"},{"speaker":"Stephan Müller","startTime":1102.823,"endTime":1104.643,"body":"machines in an S4 system, right?"},{"speaker":"Stephan Müller","startTime":1104.963,"endTime":1108.683,"body":"We assign not only the cost so that"},{"speaker":"Stephan Müller","startTime":1104.963,"endTime":1108.683,"body":"not only that we can control the"},{"speaker":"Stephan Müller","startTime":1108.683,"endTime":1112.593,"body":"cost of that harvester during the"},{"speaker":"Stephan Müller","startTime":1108.683,"endTime":1112.593,"body":"production, but that we also assign"},{"speaker":"Stephan Müller","startTime":1112.593,"endTime":1114.073,"body":"the CO2 on the same way, right?"},{"speaker":"Stephan Müller","startTime":1114.073,"endTime":1119.0430000000001,"body":"We use the same logic, we use the same"},{"speaker":"Stephan Müller","startTime":1114.073,"endTime":1119.0430000000001,"body":"procedures, we get a very trustful,"},{"speaker":"Stephan Müller","startTime":1119.083,"endTime":1124.453,"body":"a very transparent information of the"},{"speaker":"Stephan Müller","startTime":1119.083,"endTime":1124.453,"body":"CO2 footprint of that harvester in the"},{"speaker":"Stephan Müller","startTime":1124.453,"endTime":1129.67,"body":"production, if it's not only helps me"},{"speaker":"Stephan Müller","startTime":1124.453,"endTime":1129.67,"body":"externally, because I can then give the"},{"speaker":"Stephan Müller","startTime":1129.67,"endTime":1133.5030000000002,"body":"financial, the financer, the investor,"},{"speaker":"Stephan Müller","startTime":1129.67,"endTime":1133.5030000000002,"body":"this number say, Hey, that's the CO2."},{"speaker":"Stephan Müller","startTime":1133.5230000000001,"endTime":1137.913,"body":"They trust the number, but also"},{"speaker":"Stephan Müller","startTime":1133.5230000000001,"endTime":1137.913,"body":"internally, I can a lot of decisions"},{"speaker":"Stephan Müller","startTime":1137.913,"endTime":1141.813,"body":"are maybe not from a manufacturing"},{"speaker":"Stephan Müller","startTime":1137.913,"endTime":1141.813,"body":"from a professional service industry."},{"speaker":"Stephan Müller","startTime":1141.813,"endTime":1142.053,"body":"Right."},{"speaker":"Stephan Müller","startTime":1142.903,"endTime":1146.7630000000001,"body":"One could say, everybody in"},{"speaker":"Stephan Müller","startTime":1142.903,"endTime":1146.7630000000001,"body":"the company travel less 10%."},{"speaker":"Stephan Müller","startTime":1146.7630000000001,"endTime":1148.2430000000002,"body":"We need to get our travel emissions down."},{"speaker":"Stephan Müller","startTime":1148.873,"endTime":1152.0030000000002,"body":"You can do that obviously,"},{"speaker":"Stephan Müller","startTime":1148.873,"endTime":1152.0030000000002,"body":"but is that very precise?"},{"speaker":"Stephan Müller","startTime":1152.0330000000001,"endTime":1153.103,"body":"Is this very targeted?"},{"speaker":"Stephan Müller","startTime":1153.123,"endTime":1154.943,"body":"Is this very focused within a company?"},{"speaker":"Stephan Müller","startTime":1155.2730000000001,"endTime":1160.183,"body":"Maybe there is a department that somehow"},{"speaker":"Stephan Müller","startTime":1155.2730000000001,"endTime":1160.183,"body":"needs to fly because they do services"},{"speaker":"Stephan Müller","startTime":1160.203,"endTime":1164.733,"body":"in areas where you only get by airplane"},{"speaker":"Stephan Müller","startTime":1160.203,"endTime":1164.733,"body":"while others can easily take the train."},{"speaker":"Stephan Müller","startTime":1165.623,"endTime":1171.538,"body":"So why not providing carbon budgets,"},{"speaker":"Stephan Müller","startTime":1165.623,"endTime":1171.538,"body":"the same way we apply financial"},{"speaker":"Stephan Müller","startTime":1171.538,"endTime":1173.6380000000001,"body":"budgets today on a cost center, right?"},{"speaker":"Stephan Müller","startTime":1173.678,"endTime":1178.678,"body":"And then also measure against these carbon"},{"speaker":"Stephan Müller","startTime":1173.678,"endTime":1178.678,"body":"budgets and say, Hey, you, you department,"},{"speaker":"Stephan Müller","startTime":1178.678,"endTime":1182.518,"body":"you service organization, you know, we"},{"speaker":"Stephan Müller","startTime":1178.678,"endTime":1182.518,"body":"do business in a lot in the US so you"},{"speaker":"Stephan Müller","startTime":1182.528,"endTime":1185.9180000000001,"body":"have to fly from Europe over to the US"},{"speaker":"Stephan Müller","startTime":1182.528,"endTime":1185.9180000000001,"body":"you get a higher carbon budget but the"},{"speaker":"Stephan Müller","startTime":1185.9180000000001,"endTime":1189.728,"body":"other ones that does service in Europe,"},{"speaker":"Stephan Müller","startTime":1185.9180000000001,"endTime":1189.728,"body":"you get a lower carbon budgets because"},{"speaker":"Stephan Müller","startTime":1189.738,"endTime":1191.278,"body":"you can actually take the train, right?"},{"speaker":"Stephan Müller","startTime":1192.018,"endTime":1196.448,"body":"And by that have a much more fair, a"},{"speaker":"Stephan Müller","startTime":1192.018,"endTime":1196.448,"body":"much more transparent operating model and"},{"speaker":"Stephan Müller","startTime":1196.448,"endTime":1198.683,"body":"just say, everybody fly 10 percent less."},{"speaker":"Tom Raftery","startTime":1199.7930000000001,"endTime":1200.133,"body":"Nice."},{"speaker":"Stephan Müller","startTime":1200.983,"endTime":1201.333,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1201.843,"endTime":1207.553,"body":"And you use the term a couple"},{"speaker":"Tom Raftery","startTime":1201.843,"endTime":1207.553,"body":"of times earlier of a Chief Value Officer."},{"speaker":"Tom Raftery","startTime":1207.553,"endTime":1211.7930000000001,"body":"So the, the idea that the Chief"},{"speaker":"Tom Raftery","startTime":1207.553,"endTime":1211.7930000000001,"body":"Financial Officer's role might be"},{"speaker":"Tom Raftery","startTime":1211.813,"endTime":1213.813,"body":"changing to a Chief Value Officer."},{"speaker":"Tom Raftery","startTime":1213.813,"endTime":1216.093,"body":"Can you dig into that a bit more?"},{"speaker":"Tom Raftery","startTime":1216.123,"endTime":1219.5030000000002,"body":"Why do you think that the Chief"},{"speaker":"Tom Raftery","startTime":1216.123,"endTime":1219.5030000000002,"body":"Financial Officer is more likely"},{"speaker":"Tom Raftery","startTime":1219.5030000000002,"endTime":1222.933,"body":"to be, or tending towards being"},{"speaker":"Tom Raftery","startTime":1219.5030000000002,"endTime":1222.933,"body":"called a Chief Value Officer."},{"speaker":"Tom Raftery","startTime":1222.933,"endTime":1225.713,"body":"What what's the increased value"},{"speaker":"Tom Raftery","startTime":1222.933,"endTime":1225.713,"body":"that you think they'll be supplying?"},{"speaker":"Stephan Müller","startTime":1227.7830000000001,"endTime":1228.073,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":1228.124,"endTime":1233.574,"body":"As we, as we strongly believe that in many"},{"speaker":"Stephan Müller","startTime":1228.124,"endTime":1233.574,"body":"industries, sustainability is acknowledged"},{"speaker":"Stephan Müller","startTime":1233.694,"endTime":1235.384,"body":"as a competitive advantage, right?"},{"speaker":"Stephan Müller","startTime":1235.4840000000002,"endTime":1237.0240000000001,"body":"Let's take this harvester machine."},{"speaker":"Stephan Müller","startTime":1237.114,"endTime":1239.0140000000001,"body":"Let's take the chemical business, right?"},{"speaker":"Stephan Müller","startTime":1239.0140000000001,"endTime":1241.924,"body":"I mean, let's take the steel"},{"speaker":"Stephan Müller","startTime":1239.0140000000001,"endTime":1241.924,"body":"industry, which is under heavy"},{"speaker":"Stephan Müller","startTime":1241.924,"endTime":1244.0800000000002,"body":"transformational pressure, right?"},{"speaker":"Stephan Müller","startTime":1244.565,"endTime":1250.655,"body":"Where, where more sustainable products are"},{"speaker":"Stephan Müller","startTime":1244.565,"endTime":1250.655,"body":"actually a value and in order to transform"},{"speaker":"Stephan Müller","startTime":1250.655,"endTime":1253.855,"body":"those industry, let's maybe stick with"},{"speaker":"Stephan Müller","startTime":1250.655,"endTime":1253.855,"body":"steel for an example for, for now,"},{"speaker":"Stephan Müller","startTime":1253.855,"endTime":1257.385,"body":"right, not only did you need to manage"},{"speaker":"Stephan Müller","startTime":1253.855,"endTime":1257.385,"body":"it from a financial point of view, right?"},{"speaker":"Stephan Müller","startTime":1257.385,"endTime":1259.845,"body":"This transformation, of course, there"},{"speaker":"Stephan Müller","startTime":1257.385,"endTime":1259.845,"body":"is a financial impact on, on that"},{"speaker":"Stephan Müller","startTime":1259.845,"endTime":1262.9650000000001,"body":"transformation, but also, I mean,"},{"speaker":"Stephan Müller","startTime":1259.845,"endTime":1262.9650000000001,"body":"you need to manage it from a, from a"},{"speaker":"Stephan Müller","startTime":1262.9650000000001,"endTime":1267.578,"body":"carbon impact,  point of view, right,"},{"speaker":"Stephan Müller","startTime":1262.9650000000001,"endTime":1267.578,"body":"that you're really not only define"},{"speaker":"Stephan Müller","startTime":1267.6380000000001,"endTime":1271.428,"body":"this business models on, on, on, on"},{"speaker":"Stephan Müller","startTime":1267.6380000000001,"endTime":1271.428,"body":"strategic level from a financial, but"},{"speaker":"Stephan Müller","startTime":1271.438,"endTime":1274.7920000000001,"body":"also from a sustainability point of"},{"speaker":"Stephan Müller","startTime":1271.438,"endTime":1274.7920000000001,"body":"view, but also eventually embed this"},{"speaker":"Stephan Müller","startTime":1274.8120000000001,"endTime":1276.762,"body":"into your operating model of the company."},{"speaker":"Stephan Müller","startTime":1277.402,"endTime":1284.058,"body":"And we see that the CFO is very core"},{"speaker":"Stephan Müller","startTime":1277.402,"endTime":1284.058,"body":"and center to those discussions, right?"},{"speaker":"Stephan Müller","startTime":1284.1180000000002,"endTime":1287.958,"body":"To provide this data, to"},{"speaker":"Stephan Müller","startTime":1284.1180000000002,"endTime":1287.958,"body":"provide the platform actually"},{"speaker":"Stephan Müller","startTime":1287.968,"endTime":1289.818,"body":"for a company to transform."},{"speaker":"Stephan Müller","startTime":1290.453,"endTime":1292.133,"body":"Or let's say the climate risk, right?"},{"speaker":"Stephan Müller","startTime":1292.44,"endTime":1296.6200000000001,"body":"That result or can result in"},{"speaker":"Stephan Müller","startTime":1292.44,"endTime":1296.6200000000001,"body":"severe costs and in severe"},{"speaker":"Stephan Müller","startTime":1296.65,"endTime":1298.23,"body":"financial impact to a company."},{"speaker":"Stephan Müller","startTime":1298.55,"endTime":1303.48,"body":"So also here, right, we see the CFO as"},{"speaker":"Stephan Müller","startTime":1298.55,"endTime":1303.48,"body":"a very central role to also manage these"},{"speaker":"Stephan Müller","startTime":1303.51,"endTime":1308.9,"body":"new emerging risks that come from climate"},{"speaker":"Stephan Müller","startTime":1303.51,"endTime":1308.9,"body":"change within a company to make sure"},{"speaker":"Stephan Müller","startTime":1308.9,"endTime":1311.0,"body":"the company's also relevant tomorrow."},{"speaker":"Stephan Müller","startTime":1311.27,"endTime":1313.77,"body":"So not only a pure financial view."},{"speaker":"Stephan Müller","startTime":1314.355,"endTime":1318.515,"body":"But a financial view in combination"},{"speaker":"Stephan Müller","startTime":1314.355,"endTime":1318.515,"body":"with sustainability aspects, that's"},{"speaker":"Stephan Müller","startTime":1318.525,"endTime":1323.2450000000001,"body":"what we see and what we believe"},{"speaker":"Stephan Müller","startTime":1318.525,"endTime":1323.2450000000001,"body":"CFO will eventually evolve to."},{"speaker":"Stephan Müller","startTime":1323.2450000000001,"endTime":1323.545,"body":"Right."},{"speaker":"Stephan Müller","startTime":1324.135,"endTime":1326.6950000000002,"body":"And therefore they need"},{"speaker":"Stephan Müller","startTime":1324.135,"endTime":1326.6950000000002,"body":"tools that need solutions."},{"speaker":"Tom Raftery","startTime":1328.6950000000002,"endTime":1335.175,"body":"And do you see this increased"},{"speaker":"Tom Raftery","startTime":1328.6950000000002,"endTime":1335.175,"body":"trustworthiness of a company's, and"},{"speaker":"Tom Raftery","startTime":1335.175,"endTime":1339.56,"body":"organizations, carbon data, do you see"},{"speaker":"Tom Raftery","startTime":1335.175,"endTime":1339.56,"body":"this becoming a competitive advantage?"},{"speaker":"Stephan Müller","startTime":1340.64,"endTime":1341.4,"body":"Yeah, absolutely."},{"speaker":"Stephan Müller","startTime":1342.583,"endTime":1346.723,"body":"Me personally, I'm convinced trust"},{"speaker":"Stephan Müller","startTime":1342.583,"endTime":1346.723,"body":"is a super important currency"},{"speaker":"Stephan Müller","startTime":1346.723,"endTime":1347.823,"body":"when it comes down to business."},{"speaker":"Stephan Müller","startTime":1348.2530000000002,"endTime":1351.5130000000001,"body":"Eventually you do business with"},{"speaker":"Stephan Müller","startTime":1348.2530000000002,"endTime":1351.5130000000001,"body":"those companies you trust, right?"},{"speaker":"Stephan Müller","startTime":1351.913,"endTime":1355.233,"body":"And the more trustworthy you"},{"speaker":"Stephan Müller","startTime":1351.913,"endTime":1355.233,"body":"are in, in your reports, right?"},{"speaker":"Stephan Müller","startTime":1355.483,"endTime":1359.0030000000002,"body":"We believe that the better it is also"},{"speaker":"Stephan Müller","startTime":1355.483,"endTime":1359.0030000000002,"body":"for your competitive advantage, right?"},{"speaker":"Stephan Müller","startTime":1359.0030000000002,"endTime":1360.203,"body":"Let it be financing option."},{"speaker":"Stephan Müller","startTime":1360.233,"endTime":1362.923,"body":"Let it be finding investors out there."},{"speaker":"Stephan Müller","startTime":1362.923,"endTime":1363.183,"body":"Right."},{"speaker":"Stephan Müller","startTime":1363.613,"endTime":1369.6680000000001,"body":"But, but also eventually, put the money"},{"speaker":"Stephan Müller","startTime":1363.613,"endTime":1369.6680000000001,"body":"or put the investment within your company"},{"speaker":"Stephan Müller","startTime":1370.453,"endTime":1374.593,"body":"exactly at those areas, at those process"},{"speaker":"Stephan Müller","startTime":1370.453,"endTime":1374.593,"body":"where that can make a difference, right?"},{"speaker":"Stephan Müller","startTime":1374.593,"endTime":1378.843,"body":"So if you know, Hey, if I invest in"},{"speaker":"Stephan Müller","startTime":1374.593,"endTime":1378.843,"body":"that process, right that will make a"},{"speaker":"Stephan Müller","startTime":1378.843,"endTime":1380.893,"body":"change on my, on my product at the end."},{"speaker":"Stephan Müller","startTime":1380.893,"endTime":1381.073,"body":"Right?"},{"speaker":"Stephan Müller","startTime":1381.073,"endTime":1385.093,"body":"So you use your, your finance most"},{"speaker":"Stephan Müller","startTime":1381.073,"endTime":1385.093,"body":"effectively internally as externally."},{"speaker":"Stephan Müller","startTime":1385.623,"endTime":1388.413,"body":"And of course, eventually this will"},{"speaker":"Stephan Müller","startTime":1385.623,"endTime":1388.413,"body":"give you a competitive advantage, right?"},{"speaker":"Tom Raftery","startTime":1389.7830000000001,"endTime":1389.9930000000002,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1390.083,"endTime":1393.7730000000001,"body":"And if your data seen as more"},{"speaker":"Tom Raftery","startTime":1390.083,"endTime":1393.7730000000001,"body":"trustworthy, your customers are more"},{"speaker":"Tom Raftery","startTime":1393.7730000000001,"endTime":1397.733,"body":"likely to come back or your cost of"},{"speaker":"Tom Raftery","startTime":1393.7730000000001,"endTime":1397.733,"body":"acquisition of customers should fall."},{"speaker":"Stephan Müller","startTime":1398.653,"endTime":1399.0030000000002,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":1399.073,"endTime":1399.963,"body":"I mean, exactly."},{"speaker":"Stephan Müller","startTime":1399.963,"endTime":1400.173,"body":"Right."},{"speaker":"Stephan Müller","startTime":1400.173,"endTime":1402.093,"body":"So your, your, cost of"},{"speaker":"Stephan Müller","startTime":1400.173,"endTime":1402.093,"body":"your products will fall."},{"speaker":"Stephan Müller","startTime":1402.443,"endTime":1404.5030000000002,"body":"Your financing costs will fall."},{"speaker":"Stephan Müller","startTime":1404.833,"endTime":1411.228,"body":"And one key element is that you put your"},{"speaker":"Stephan Müller","startTime":1404.833,"endTime":1411.228,"body":"decisions on a platform on data of good"},{"speaker":"Stephan Müller","startTime":1411.228,"endTime":1416.8680000000002,"body":"quality that you can trust internally, as"},{"speaker":"Stephan Müller","startTime":1411.228,"endTime":1416.8680000000002,"body":"well as in, in, if you look at externally"},{"speaker":"Stephan Müller","startTime":1416.998,"endTime":1419.258,"body":"in the investor relations, et cetera."},{"speaker":"Stephan Müller","startTime":1419.288,"endTime":1423.568,"body":"So yes, we are truly convinced down the"},{"speaker":"Stephan Müller","startTime":1419.288,"endTime":1423.568,"body":"road in the future, this will become a,"},{"speaker":"Stephan Müller","startTime":1423.708,"endTime":1425.4080000000001,"body":"an absolute key competitive advantage."},{"speaker":"Tom Raftery","startTime":1426.213,"endTime":1428.943,"body":"And of course we"},{"speaker":"Tom Raftery","startTime":1426.213,"endTime":1428.943,"body":"mentioned greenwashing earlier, but"},{"speaker":"Tom Raftery","startTime":1428.943,"endTime":1434.593,"body":"of course, if your data is fully"},{"speaker":"Tom Raftery","startTime":1428.943,"endTime":1434.593,"body":"auditable, then any chance of brand"},{"speaker":"Tom Raftery","startTime":1434.613,"endTime":1439.5430000000001,"body":"risk from being, you know, accused of"},{"speaker":"Tom Raftery","startTime":1434.613,"endTime":1439.5430000000001,"body":"greenwashing immediately goes away."},{"speaker":"Stephan Müller","startTime":1440.425,"endTime":1441.135,"body":"Absolutely."},{"speaker":"Stephan Müller","startTime":1441.355,"endTime":1445.185,"body":"Tom, that's that's what we're"},{"speaker":"Stephan Müller","startTime":1441.355,"endTime":1445.185,"body":"also convinced of, or if another"},{"speaker":"Stephan Müller","startTime":1445.185,"endTime":1449.375,"body":"example, right, I mean, there,"},{"speaker":"Stephan Müller","startTime":1445.185,"endTime":1449.375,"body":"there is a calm price, right?"},{"speaker":"Stephan Müller","startTime":1449.435,"endTime":1453.115,"body":"And especially when we, when"},{"speaker":"Stephan Müller","startTime":1449.435,"endTime":1453.115,"body":"we look at Germany, if you take"},{"speaker":"Stephan Müller","startTime":1453.115,"endTime":1454.165,"body":"Germany as an example, right?"},{"speaker":"Stephan Müller","startTime":1454.165,"endTime":1460.9550000000002,"body":"The CO2 price have gone up from below"},{"speaker":"Stephan Müller","startTime":1454.165,"endTime":1460.9550000000002,"body":"€10 in 2014 to more than €65 in, in 24."},{"speaker":"Stephan Müller","startTime":1460.9750000000001,"endTime":1465.229,"body":"And we believe it'll continue to rise and"},{"speaker":"Stephan Müller","startTime":1460.9750000000001,"endTime":1465.229,"body":"eventually be higher of that price of oil."},{"speaker":"Stephan Müller","startTime":1465.229,"endTime":1465.529,"body":"Right?"},{"speaker":"Stephan Müller","startTime":1466.1490000000001,"endTime":1469.059,"body":"And, and, and communities"},{"speaker":"Stephan Müller","startTime":1466.1490000000001,"endTime":1469.059,"body":"can't wait implementing"},{"speaker":"Stephan Müller","startTime":1469.1190000000001,"endTime":1470.6490000000001,"body":"decarbonization strategies, right?"},{"speaker":"Stephan Müller","startTime":1470.709,"endTime":1473.529,"body":"Until the, the price"},{"speaker":"Stephan Müller","startTime":1470.709,"endTime":1473.529,"body":"is is unpayable, right?"},{"speaker":"Stephan Müller","startTime":1473.529,"endTime":1479.584,"body":"So, to start the transformation on,"},{"speaker":"Stephan Müller","startTime":1473.529,"endTime":1479.584,"body":"on sustainability today for, from our"},{"speaker":"Stephan Müller","startTime":1479.654,"endTime":1481.2540000000001,"body":"point of view is  without alternative."},{"speaker":"Tom Raftery","startTime":1482.7440000000001,"endTime":1483.0040000000001,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1483.044,"endTime":1483.2640000000001,"body":"Yeah."},{"speaker":"Tom Raftery","startTime":1483.2640000000001,"endTime":1491.434,"body":"And we're still in a space which is"},{"speaker":"Tom Raftery","startTime":1483.2640000000001,"endTime":1491.434,"body":"kind of immature for carbon accounting"},{"speaker":"Tom Raftery","startTime":1491.534,"endTime":1494.2740000000001,"body":"standards and, and auditing practices."},{"speaker":"Tom Raftery","startTime":1494.594,"endTime":1499.134,"body":"So do you think, well, how long do you"},{"speaker":"Tom Raftery","startTime":1494.594,"endTime":1499.134,"body":"think it will take for those standards"},{"speaker":"Tom Raftery","startTime":1499.134,"endTime":1503.7540000000001,"body":"to be globally accepted the way we have"},{"speaker":"Tom Raftery","startTime":1499.134,"endTime":1503.7540000000001,"body":"financial standards, which are globally"},{"speaker":"Tom Raftery","startTime":1503.7540000000001,"endTime":1506.784,"body":"accepted and auditing practices as well?"},{"speaker":"Stephan Müller","startTime":1508.314,"endTime":1508.694,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":1508.694,"endTime":1510.704,"body":"We hope that that's,"},{"speaker":"Stephan Müller","startTime":1508.694,"endTime":1510.704,"body":"going to evolve quickly."},{"speaker":"Stephan Müller","startTime":1510.704,"endTime":1510.954,"body":"Right."},{"speaker":"Stephan Müller","startTime":1510.954,"endTime":1515.184,"body":"I mean, as it cannot be that we have"},{"speaker":"Stephan Müller","startTime":1510.954,"endTime":1515.184,"body":"also so many different standards, right."},{"speaker":"Stephan Müller","startTime":1515.204,"endTime":1518.834,"body":"Which also make it very complex for,"},{"speaker":"Stephan Müller","startTime":1515.204,"endTime":1518.834,"body":"for companies to actually manage them."},{"speaker":"Stephan Müller","startTime":1518.834,"endTime":1519.044,"body":"Right."},{"speaker":"Stephan Müller","startTime":1519.044,"endTime":1524.14,"body":"So that we can agree on certain global"},{"speaker":"Stephan Müller","startTime":1519.044,"endTime":1524.14,"body":"standards, like, for example, we have"},{"speaker":"Stephan Müller","startTime":1524.46,"endTime":1525.96,"body":"with the IFRS in the finance world."},{"speaker":"Stephan Müller","startTime":1526.28,"endTime":1529.6000000000001,"body":"So therefore, we, of course, look"},{"speaker":"Stephan Müller","startTime":1526.28,"endTime":1529.6000000000001,"body":"with a lot of interest into what"},{"speaker":"Stephan Müller","startTime":1529.6000000000001,"endTime":1532.65,"body":"the IFRS is doing with the ISSP with"},{"speaker":"Stephan Müller","startTime":1529.6000000000001,"endTime":1532.65,"body":"the International Sustainability"},{"speaker":"Stephan Müller","startTime":1532.65,"endTime":1534.3200000000002,"body":"Standard and Standard Board."},{"speaker":"Stephan Müller","startTime":1534.3200000000002,"endTime":1540.39,"body":"And we also hope that those standards"},{"speaker":"Stephan Müller","startTime":1534.3200000000002,"endTime":1540.39,"body":"evolve and consolidate quickly."},{"speaker":"Stephan Müller","startTime":1540.9,"endTime":1545.034,"body":"But yeah, I mean, that's also a,"},{"speaker":"Stephan Müller","startTime":1540.9,"endTime":1545.034,"body":"a question of politics globally"},{"speaker":"Stephan Müller","startTime":1545.084,"endTime":1546.344,"body":"which is difficult to predict."},{"speaker":"Stephan Müller","startTime":1546.344,"endTime":1546.644,"body":"Right."},{"speaker":"Stephan Müller","startTime":1547.184,"endTime":1551.574,"body":"But yeah, we, we hope, and we, we still"},{"speaker":"Stephan Müller","startTime":1547.184,"endTime":1551.574,"body":"see, and we still believe that this"},{"speaker":"Stephan Müller","startTime":1551.574,"endTime":1556.314,"body":"consolidation is on the right path"},{"speaker":"Stephan Müller","startTime":1551.574,"endTime":1556.314,"body":"and is continuing to go in the right"},{"speaker":"Stephan Müller","startTime":1556.314,"endTime":1559.739,"body":"direction, especially when we look what's"},{"speaker":"Stephan Müller","startTime":1556.314,"endTime":1559.739,"body":"happening on the ISSP side, et cetera."},{"speaker":"Tom Raftery","startTime":1560.664,"endTime":1561.0240000000001,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1561.0240000000001,"endTime":1567.0240000000001,"body":"And do you see sustainability reporting"},{"speaker":"Tom Raftery","startTime":1561.0240000000001,"endTime":1567.0240000000001,"body":"influencing corporate strategy in, you"},{"speaker":"Tom Raftery","startTime":1567.0240000000001,"endTime":1569.074,"body":"know, in the next years and decades."},{"speaker":"Stephan Müller","startTime":1571.469,"endTime":1572.339,"body":"Yeah, definitely."},{"speaker":"Stephan Müller","startTime":1572.339,"endTime":1576.1090000000002,"body":"I think that the regulations and, and the"},{"speaker":"Stephan Müller","startTime":1572.339,"endTime":1576.1090000000002,"body":"political landscape of course, plays a"},{"speaker":"Stephan Müller","startTime":1576.1090000000002,"endTime":1581.162,"body":"very important role in making industries"},{"speaker":"Stephan Müller","startTime":1576.1090000000002,"endTime":1581.162,"body":"and making  companies transform."},{"speaker":"Stephan Müller","startTime":1581.432,"endTime":1584.3120000000001,"body":"But we also believe it's not the only,"},{"speaker":"Stephan Müller","startTime":1581.432,"endTime":1584.3120000000001,"body":"it's not the only advantage, right?"},{"speaker":"Stephan Müller","startTime":1584.3120000000001,"endTime":1589.747,"body":"As I said earlier, I mean also"},{"speaker":"Stephan Müller","startTime":1584.3120000000001,"endTime":1589.747,"body":"the belief sustainability is also"},{"speaker":"Stephan Müller","startTime":1589.747,"endTime":1591.087,"body":"a competitive advantage, right?"},{"speaker":"Stephan Müller","startTime":1591.3970000000002,"endTime":1593.6570000000002,"body":"Beyond the regulations and the policies."},{"speaker":"Stephan Müller","startTime":1593.997,"endTime":1595.4070000000002,"body":"So I see there are, two trends."},{"speaker":"Stephan Müller","startTime":1595.4170000000001,"endTime":1598.997,"body":"There's external pressure from"},{"speaker":"Stephan Müller","startTime":1595.4170000000001,"endTime":1598.997,"body":"regulations, but there's also internal"},{"speaker":"Stephan Müller","startTime":1598.997,"endTime":1600.557,"body":"transformation pressure on companies."},{"speaker":"Stephan Müller","startTime":1600.827,"endTime":1601.557,"body":"Why?"},{"speaker":"Stephan Müller","startTime":1601.757,"endTime":1606.327,"body":"Because more sustainable business model,"},{"speaker":"Stephan Müller","startTime":1601.757,"endTime":1606.327,"body":"more sustainable products will eventually"},{"speaker":"Stephan Müller","startTime":1606.337,"endTime":1607.877,"body":"also provide you a competitive advantage."},{"speaker":"Stephan Müller","startTime":1607.877,"endTime":1611.672,"body":"So the combination of the two, I"},{"speaker":"Stephan Müller","startTime":1607.877,"endTime":1611.672,"body":"think this is what's what's important."},{"speaker":"Tom Raftery","startTime":1612.5520000000001,"endTime":1612.882,"body":"Okay."},{"speaker":"Tom Raftery","startTime":1612.882,"endTime":1618.222,"body":"And it's not just the external and the"},{"speaker":"Tom Raftery","startTime":1612.882,"endTime":1618.222,"body":"internal pressures that you mentioned,"},{"speaker":"Tom Raftery","startTime":1618.222,"endTime":1622.0720000000001,"body":"but it's also, I got to think, cause"},{"speaker":"Tom Raftery","startTime":1618.222,"endTime":1622.0720000000001,"body":"I've, I've had this conversation before"},{"speaker":"Tom Raftery","startTime":1622.0720000000001,"endTime":1627.419,"body":"with Ken Pucker, for example, who headed"},{"speaker":"Tom Raftery","startTime":1622.0720000000001,"endTime":1627.419,"body":"up the sustainability for Timberland."},{"speaker":"Tom Raftery","startTime":1627.469,"endTime":1630.269,"body":"He was Chief Operating Officer for"},{"speaker":"Tom Raftery","startTime":1627.469,"endTime":1630.269,"body":"Timberland back when they started"},{"speaker":"Tom Raftery","startTime":1630.269,"endTime":1634.164,"body":"doing their corporate sustainability"},{"speaker":"Tom Raftery","startTime":1630.269,"endTime":1634.164,"body":"reporting back in the early 2000's."},{"speaker":"Tom Raftery","startTime":1634.184,"endTime":1640.0140000000001,"body":"So over 20 years ago, and his"},{"speaker":"Tom Raftery","startTime":1634.184,"endTime":1640.0140000000001,"body":"observation at the time was that"},{"speaker":"Tom Raftery","startTime":1640.0240000000001,"endTime":1644.884,"body":"it drastically reduced their costs"},{"speaker":"Tom Raftery","startTime":1640.0240000000001,"endTime":1644.884,"body":"of recruitment and retention."},{"speaker":"Tom Raftery","startTime":1645.2440000000001,"endTime":1650.2740000000001,"body":"What he said was when they advertised"},{"speaker":"Tom Raftery","startTime":1645.2440000000001,"endTime":1650.2740000000001,"body":"positions, the caliber of people who"},{"speaker":"Tom Raftery","startTime":1650.2740000000001,"endTime":1655.904,"body":"applied for those roles was significantly"},{"speaker":"Tom Raftery","startTime":1650.2740000000001,"endTime":1655.904,"body":"higher than they expected just because"},{"speaker":"Tom Raftery","startTime":1655.904,"endTime":1659.814,"body":"they had such a good name in the"},{"speaker":"Tom Raftery","startTime":1655.904,"endTime":1659.814,"body":"sustainability space so I gotta think"},{"speaker":"Tom Raftery","startTime":1659.824,"endTime":1666.624,"body":"again similar as as this starts to"},{"speaker":"Tom Raftery","startTime":1659.824,"endTime":1666.624,"body":"become more rolled out for companies,"},{"speaker":"Tom Raftery","startTime":1666.644,"endTime":1671.444,"body":"the companies who jump on this will find"},{"speaker":"Tom Raftery","startTime":1666.644,"endTime":1671.444,"body":"their cost of recruitment and retention"},{"speaker":"Tom Raftery","startTime":1671.444,"endTime":1675.584,"body":"lowering as well because you have internal"},{"speaker":"Tom Raftery","startTime":1671.444,"endTime":1675.584,"body":"pressures I gotta think from employees"},{"speaker":"Tom Raftery","startTime":1675.894,"endTime":1679.2240000000002,"body":"who want to be working for companies"},{"speaker":"Tom Raftery","startTime":1675.894,"endTime":1679.2240000000002,"body":"that have a purpose increasingly now."},{"speaker":"Stephan Müller","startTime":1680.434,"endTime":1683.464,"body":"Yeah, and that's"},{"speaker":"Stephan Müller","startTime":1680.434,"endTime":1683.464,"body":"a great point, right Tom, right,"},{"speaker":"Stephan Müller","startTime":1683.644,"endTime":1686.554,"body":"which is again, right, eventually"},{"speaker":"Stephan Müller","startTime":1683.644,"endTime":1686.554,"body":"a competitive advantage, right?"},{"speaker":"Stephan Müller","startTime":1686.7540000000001,"endTime":1692.404,"body":"If you  can employ those people, you"},{"speaker":"Stephan Müller","startTime":1686.7540000000001,"endTime":1692.404,"body":"actually need a easier at lower cost,"},{"speaker":"Stephan Müller","startTime":1692.444,"endTime":1695.464,"body":"which again, eventually can become"},{"speaker":"Stephan Müller","startTime":1692.444,"endTime":1695.464,"body":"a cost advantage and with that a"},{"speaker":"Stephan Müller","startTime":1695.464,"endTime":1696.634,"body":"competitive advantage in industry."},{"speaker":"Stephan Müller","startTime":1696.634,"endTime":1698.69,"body":"So it's a, it's a great example, right?"},{"speaker":"Stephan Müller","startTime":1699.285,"endTime":1699.9750000000001,"body":"Absolutely."},{"speaker":"Tom Raftery","startTime":1701.075,"endTime":1704.915,"body":"And what advice would you"},{"speaker":"Tom Raftery","startTime":1701.075,"endTime":1704.915,"body":"give to CFOs and finance leaders who"},{"speaker":"Tom Raftery","startTime":1704.915,"endTime":1709.515,"body":"are just starting to take ownership"},{"speaker":"Tom Raftery","startTime":1704.915,"endTime":1709.515,"body":"now of sustainability reporting?"},{"speaker":"Stephan Müller","startTime":1710.3990000000001,"endTime":1710.865,"body":"Don't wait."},{"speaker":"Stephan Müller","startTime":1714.275,"endTime":1714.825,"body":"Don't wait."},{"speaker":"Stephan Müller","startTime":1714.825,"endTime":1715.105,"body":"Right."},{"speaker":"Stephan Müller","startTime":1715.155,"endTime":1718.525,"body":"And I mean, also, it's, a journey, right?"},{"speaker":"Stephan Müller","startTime":1718.525,"endTime":1720.665,"body":"So what we see, it's, it's a journey."},{"speaker":"Stephan Müller","startTime":1720.675,"endTime":1722.325,"body":"It doesn't happen overnight, right?"},{"speaker":"Stephan Müller","startTime":1722.825,"endTime":1725.825,"body":"I think what is very crucial"},{"speaker":"Stephan Müller","startTime":1722.825,"endTime":1725.825,"body":"and very important, as we also"},{"speaker":"Stephan Müller","startTime":1725.825,"endTime":1729.4950000000001,"body":"discussed earlier is to first of"},{"speaker":"Stephan Müller","startTime":1725.825,"endTime":1729.4950000000001,"body":"all, make the data available, right?"},{"speaker":"Stephan Müller","startTime":1729.655,"endTime":1732.305,"body":"Let's take again the"},{"speaker":"Stephan Müller","startTime":1729.655,"endTime":1732.305,"body":"scope 3.1 example, right?"},{"speaker":"Stephan Müller","startTime":1732.605,"endTime":1734.075,"body":"Get in touch with your suppliers."},{"speaker":"Stephan Müller","startTime":1734.99,"endTime":1737.26,"body":"Get the sustainability"},{"speaker":"Stephan Müller","startTime":1734.99,"endTime":1737.26,"body":"footprint information from them."},{"speaker":"Stephan Müller","startTime":1737.26,"endTime":1740.42,"body":"Try to be as effective and"},{"speaker":"Stephan Müller","startTime":1737.26,"endTime":1740.42,"body":"transparent there as possible."},{"speaker":"Stephan Müller","startTime":1740.42,"endTime":1744.7540000000001,"body":"I mean, who wants to call all"},{"speaker":"Stephan Müller","startTime":1740.42,"endTime":1744.7540000000001,"body":"of their suppliers on a regular"},{"speaker":"Stephan Müller","startTime":1744.7540000000001,"endTime":1746.844,"body":"basis or exchange emails, right?"},{"speaker":"Stephan Müller","startTime":1746.844,"endTime":1751.174,"body":"So try to think on how this can"},{"speaker":"Stephan Müller","startTime":1746.844,"endTime":1751.174,"body":"become most efficient, right?"},{"speaker":"Stephan Müller","startTime":1751.214,"endTime":1755.284,"body":"And also here, for example, from SAP, we"},{"speaker":"Stephan Müller","startTime":1751.214,"endTime":1755.284,"body":"have a solution called Sustainablity Data"},{"speaker":"Stephan Müller","startTime":1755.284,"endTime":1760.2240000000002,"body":"Exchange, which is eventually a kind of a"},{"speaker":"Stephan Müller","startTime":1755.284,"endTime":1760.2240000000002,"body":"network of suppliers and customers where"},{"speaker":"Stephan Müller","startTime":1760.2240000000002,"endTime":1764.624,"body":"you can, and their customers, where you"},{"speaker":"Stephan Müller","startTime":1760.2240000000002,"endTime":1764.624,"body":"can exchange sustainability data on a"},{"speaker":"Stephan Müller","startTime":1764.634,"endTime":1767.0040000000001,"body":"commonly agreed standard on the network."},{"speaker":"Stephan Müller","startTime":1767.0040000000001,"endTime":1770.644,"body":"So you only put your footprint"},{"speaker":"Stephan Müller","startTime":1767.0040000000001,"endTime":1770.644,"body":"once on that network."},{"speaker":"Stephan Müller","startTime":1770.964,"endTime":1775.054,"body":"And then all of your customers can get"},{"speaker":"Stephan Müller","startTime":1770.964,"endTime":1775.054,"body":"it from there compared to the n to one"},{"speaker":"Stephan Müller","startTime":1775.054,"endTime":1777.184,"body":"communication, which might be going."},{"speaker":"Stephan Müller","startTime":1777.794,"endTime":1782.785,"body":"And this, data availability and"},{"speaker":"Stephan Müller","startTime":1777.794,"endTime":1782.785,"body":"quality is this paradigm is key to"},{"speaker":"Stephan Müller","startTime":1782.785,"endTime":1786.175,"body":"then take the second step to get"},{"speaker":"Stephan Müller","startTime":1782.785,"endTime":1786.175,"body":"into an accounting point of view."},{"speaker":"Stephan Müller","startTime":1786.175,"endTime":1786.4650000000001,"body":"Right."},{"speaker":"Stephan Müller","startTime":1786.815,"endTime":1790.675,"body":"As we said earlier, right before"},{"speaker":"Stephan Müller","startTime":1786.815,"endTime":1790.675,"body":"you can account the data first,"},{"speaker":"Stephan Müller","startTime":1790.675,"endTime":1793.875,"body":"make sure that the data quality"},{"speaker":"Stephan Müller","startTime":1790.675,"endTime":1793.875,"body":"and the data as such is there."},{"speaker":"Stephan Müller","startTime":1794.315,"endTime":1799.505,"body":"So start there, but already have"},{"speaker":"Stephan Müller","startTime":1794.315,"endTime":1799.505,"body":"the second step in mind to then also"},{"speaker":"Stephan Müller","startTime":1799.505,"endTime":1806.4550000000002,"body":"account in your company to then also,"},{"speaker":"Stephan Müller","startTime":1799.505,"endTime":1806.4550000000002,"body":"yeah, harvest all these, these values."},{"speaker":"Stephan Müller","startTime":1806.4850000000001,"endTime":1808.4850000000001,"body":"And that, that we talked about earlier."},{"speaker":"Stephan Müller","startTime":1809.115,"endTime":1812.655,"body":"And when, when I look at, at our"},{"speaker":"Stephan Müller","startTime":1809.115,"endTime":1812.655,"body":"customers, I think most of our"},{"speaker":"Stephan Müller","startTime":1812.655,"endTime":1814.4450000000002,"body":"customers are exactly on this journey."},{"speaker":"Stephan Müller","startTime":1814.765,"endTime":1817.9950000000001,"body":"They try to get the data in good"},{"speaker":"Stephan Müller","startTime":1814.765,"endTime":1817.9950000000001,"body":"quality, they try to get the data"},{"speaker":"Stephan Müller","startTime":1818.035,"endTime":1822.175,"body":"first of all, but a lot of them are"},{"speaker":"Stephan Müller","startTime":1818.035,"endTime":1822.175,"body":"already thinking about the next step."},{"speaker":"Stephan Müller","startTime":1822.405,"endTime":1826.4850000000001,"body":"Then bring this into a more"},{"speaker":"Stephan Müller","startTime":1822.405,"endTime":1826.4850000000001,"body":"operational perspective, right?"},{"speaker":"Tom Raftery","startTime":1827.5800000000002,"endTime":1834.17,"body":"Okay, and what metrics"},{"speaker":"Tom Raftery","startTime":1827.5800000000002,"endTime":1834.17,"body":"or KPIs should companies focus on"},{"speaker":"Tom Raftery","startTime":1834.43,"endTime":1838.3200000000002,"body":"to measure the success of their, you"},{"speaker":"Tom Raftery","startTime":1834.43,"endTime":1838.3200000000002,"body":"know, carbon reporting initiatives"},{"speaker":"Tom Raftery","startTime":1838.42,"endTime":1839.97,"body":"and ensure continuous improvement?"},{"speaker":"Stephan Müller","startTime":1840.587,"endTime":1842.717,"body":"I mean, eventually, right?"},{"speaker":"Stephan Müller","startTime":1842.957,"endTime":1849.297,"body":"The, the success that you will see"},{"speaker":"Stephan Müller","startTime":1842.957,"endTime":1849.297,"body":"based from your investments based"},{"speaker":"Stephan Müller","startTime":1849.307,"endTime":1853.827,"body":"from your initiatives will eventually"},{"speaker":"Stephan Müller","startTime":1849.307,"endTime":1853.827,"body":"be if you're, if your footprint goes"},{"speaker":"Stephan Müller","startTime":1853.827,"endTime":1855.287,"body":"down on a corporate level, right?"},{"speaker":"Stephan Müller","startTime":1855.287,"endTime":1858.757,"body":"So I mean, we all have, or not"},{"speaker":"Stephan Müller","startTime":1855.287,"endTime":1858.757,"body":"all, but a lot of companies"},{"speaker":"Stephan Müller","startTime":1858.767,"endTime":1860.1770000000001,"body":"have net zero targets, right?"},{"speaker":"Stephan Müller","startTime":1860.1770000000001,"endTime":1862.287,"body":"That we, that we work towards."},{"speaker":"Stephan Müller","startTime":1862.287,"endTime":1862.547,"body":"Right."},{"speaker":"Stephan Müller","startTime":1863.007,"endTime":1869.027,"body":"And I think what you will see is that"},{"speaker":"Stephan Müller","startTime":1863.007,"endTime":1869.027,"body":"it will continuously become easier and"},{"speaker":"Stephan Müller","startTime":1869.037,"endTime":1874.297,"body":"more effective to, to fulfill on these,"},{"speaker":"Stephan Müller","startTime":1869.037,"endTime":1874.297,"body":"on these net zero targets, obviously."},{"speaker":"Stephan Müller","startTime":1874.4270000000001,"endTime":1874.577,"body":"Right."},{"speaker":"Stephan Müller","startTime":1874.9470000000001,"endTime":1879.987,"body":"And also at a, at a lower cost,"},{"speaker":"Stephan Müller","startTime":1874.9470000000001,"endTime":1879.987,"body":"because you can spend your money"},{"speaker":"Stephan Müller","startTime":1880.037,"endTime":1884.45,"body":"exactly at those places in your"},{"speaker":"Stephan Müller","startTime":1880.037,"endTime":1884.45,"body":"company that have eventually"},{"speaker":"Stephan Müller","startTime":1884.45,"endTime":1886.6200000000001,"body":"this effect on, on the CO2 trend."},{"speaker":"Stephan Müller","startTime":1887.05,"endTime":1892.19,"body":"And I mean, what you can also do with"},{"speaker":"Stephan Müller","startTime":1887.05,"endTime":1892.19,"body":"our Green Ledger, you can also put, for"},{"speaker":"Stephan Müller","startTime":1892.19,"endTime":1897.77,"body":"example, the CO2 in relation with the cost"},{"speaker":"Stephan Müller","startTime":1892.19,"endTime":1897.77,"body":"to say, Hey, what is the CO2 footprint"},{"speaker":"Stephan Müller","startTime":1897.79,"endTime":1900.95,"body":"of a Euro revenue that we receive?"},{"speaker":"Stephan Müller","startTime":1901.27,"endTime":1903.75,"body":"What is the CO2 footprint of my OPEX?"},{"speaker":"Stephan Müller","startTime":1903.76,"endTime":1905.99,"body":"What is the CO2 footprint of my CAPEX?"},{"speaker":"Stephan Müller","startTime":1906.27,"endTime":1910.8500000000001,"body":"And you can even internally, right in a"},{"speaker":"Stephan Müller","startTime":1906.27,"endTime":1910.8500000000001,"body":"company, you can, you can do benchmarking,"},{"speaker":"Stephan Müller","startTime":1911.18,"endTime":1915.21,"body":"how is product line one comparing"},{"speaker":"Stephan Müller","startTime":1911.18,"endTime":1915.21,"body":"to product line two in those carbon"},{"speaker":"Stephan Müller","startTime":1915.21,"endTime":1917.39,"body":"intensities compared to the cost, right?"},{"speaker":"Stephan Müller","startTime":1917.72,"endTime":1922.13,"body":"Which also will help you eventually"},{"speaker":"Stephan Müller","startTime":1917.72,"endTime":1922.13,"body":"to, to see how you are progressing,"},{"speaker":"Stephan Müller","startTime":1922.14,"endTime":1927.3,"body":"how inside a company you are doing if"},{"speaker":"Stephan Müller","startTime":1922.14,"endTime":1927.3,"body":"you look at, at various departments"},{"speaker":"Stephan Müller","startTime":1927.89,"endTime":1932.88,"body":"and again, on the SAP Green Ledger"},{"speaker":"Stephan Müller","startTime":1927.89,"endTime":1932.88,"body":"on a very clear data foundation that"},{"speaker":"Stephan Müller","startTime":1932.92,"endTime":1936.0900000000001,"body":"allows you to trust this information."},{"speaker":"Stephan Müller","startTime":1936.1200000000001,"endTime":1940.8400000000001,"body":"If it comes down to opex intensity, if it"},{"speaker":"Stephan Müller","startTime":1936.1200000000001,"endTime":1940.8400000000001,"body":"comes down to capex intensity, if it comes"},{"speaker":"Stephan Müller","startTime":1940.8400000000001,"endTime":1942.68,"body":"down to revenue intensity, for example."},{"speaker":"Tom Raftery","startTime":1943.595,"endTime":1947.795,"body":"Okay, and so you could"},{"speaker":"Tom Raftery","startTime":1943.595,"endTime":1947.795,"body":"have leaderboards of departments or"},{"speaker":"Tom Raftery","startTime":1948.055,"endTime":1953.605,"body":"of sites, for example, this particular"},{"speaker":"Tom Raftery","startTime":1948.055,"endTime":1953.605,"body":"site in Germany is doing significantly"},{"speaker":"Tom Raftery","startTime":1953.615,"endTime":1958.2350000000001,"body":"better or worse than this other one in"},{"speaker":"Tom Raftery","startTime":1953.615,"endTime":1958.2350000000001,"body":"France or Italy or America or wherever."},{"speaker":"Stephan Müller","startTime":1959.035,"endTime":1959.1950000000002,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":1959.1950000000002,"endTime":1960.595,"body":"And you can ask them why, right?"},{"speaker":"Stephan Müller","startTime":1960.595,"endTime":1963.555,"body":"Is it because they may have a solar"},{"speaker":"Stephan Müller","startTime":1960.595,"endTime":1963.555,"body":"panel on the roof, made because"},{"speaker":"Stephan Müller","startTime":1963.555,"endTime":1965.315,"body":"they're using all the machinery, right?"},{"speaker":"Stephan Müller","startTime":1965.315,"endTime":1969.2150000000001,"body":"I mean, then you can start looking"},{"speaker":"Stephan Müller","startTime":1965.315,"endTime":1969.2150000000001,"body":"in that and really try to understand"},{"speaker":"Stephan Müller","startTime":1969.295,"endTime":1974.4950000000001,"body":"why is France better or worse, this"},{"speaker":"Stephan Müller","startTime":1969.295,"endTime":1974.4950000000001,"body":"plant in France better or worse than,"},{"speaker":"Stephan Müller","startTime":1974.865,"endTime":1976.145,"body":"than Germany, for example, right?"},{"speaker":"Stephan Müller","startTime":1976.145,"endTime":1977.265,"body":"Yeah,"},{"speaker":"Tom Raftery","startTime":1977.515,"endTime":1977.755,"body":"Nice."},{"speaker":"Tom Raftery","startTime":1978.395,"endTime":1979.9550000000002,"body":"Where is it all going next?"},{"speaker":"Tom Raftery","startTime":1979.9950000000001,"endTime":1982.7150000000001,"body":"I mean, okay, we've rolled"},{"speaker":"Tom Raftery","startTime":1979.9950000000001,"endTime":1982.7150000000001,"body":"out Green Ledger now."},{"speaker":"Tom Raftery","startTime":1983.295,"endTime":1985.865,"body":"Obviously the work doesn't end there."},{"speaker":"Tom Raftery","startTime":1985.905,"endTime":1990.635,"body":"What are plans for Green"},{"speaker":"Tom Raftery","startTime":1985.905,"endTime":1990.635,"body":"Ledger for 2030, 2040?"},{"speaker":"Tom Raftery","startTime":1990.9750000000001,"endTime":1992.555,"body":"You know, where is it all headed to?"},{"speaker":"Stephan Müller","startTime":1993.692,"endTime":1997.708,"body":"Yeah, I think equally"},{"speaker":"Stephan Müller","startTime":1993.692,"endTime":1997.708,"body":"like the regulations are on a journey,"},{"speaker":"Stephan Müller","startTime":1997.728,"endTime":2000.678,"body":"right, that we believe also the"},{"speaker":"Stephan Müller","startTime":1997.728,"endTime":2000.678,"body":"Green Ledger will be on the journey."},{"speaker":"Stephan Müller","startTime":2000.678,"endTime":2004.738,"body":"So what we released now is"},{"speaker":"Stephan Müller","startTime":2000.678,"endTime":2004.738,"body":"basically the initial goal to"},{"speaker":"Stephan Müller","startTime":2004.768,"endTime":2006.678,"body":"provide the basic capability."},{"speaker":"Stephan Müller","startTime":2007.938,"endTime":2010.428,"body":"We are convinced this"},{"speaker":"Stephan Müller","startTime":2007.938,"endTime":2010.428,"body":"now will evolve, right?"},{"speaker":"Stephan Müller","startTime":2010.428,"endTime":2013.4180000000001,"body":"So it will grow from a"},{"speaker":"Stephan Müller","startTime":2010.428,"endTime":2013.4180000000001,"body":"capability point of view."},{"speaker":"Stephan Müller","startTime":2013.778,"endTime":2017.588,"body":"We will get a lot of market feedback,"},{"speaker":"Stephan Müller","startTime":2013.778,"endTime":2017.588,"body":"what is needed, what is not needed,"},{"speaker":"Stephan Müller","startTime":2017.6180000000002,"endTime":2022.098,"body":"which will eventually grow and make"},{"speaker":"Stephan Müller","startTime":2017.6180000000002,"endTime":2022.098,"body":"this solution even more comprehensive."},{"speaker":"Stephan Müller","startTime":2022.848,"endTime":2027.8980000000001,"body":"But I think one area in particularly"},{"speaker":"Stephan Müller","startTime":2022.848,"endTime":2027.8980000000001,"body":"that we are looking at, and"},{"speaker":"Stephan Müller","startTime":2027.928,"endTime":2031.238,"body":"obviously this is the area of"},{"speaker":"Stephan Müller","startTime":2027.928,"endTime":2031.238,"body":"artificial intelligence, right?"},{"speaker":"Stephan Müller","startTime":2031.8590000000002,"endTime":2038.1390000000001,"body":"So for example, we have ideas to use AI"},{"speaker":"Stephan Müller","startTime":2031.8590000000002,"endTime":2038.1390000000001,"body":"to assign carbon  to invoices, right?"},{"speaker":"Stephan Müller","startTime":2038.1390000000001,"endTime":2043.036,"body":"And how you can use AI to then say, Hey,"},{"speaker":"Stephan Müller","startTime":2038.1390000000001,"endTime":2043.036,"body":"what is the footprint of this invoice, for"},{"speaker":"Stephan Müller","startTime":2043.036,"endTime":2049.729,"body":"example, to use AI, but not only AI in the"},{"speaker":"Stephan Müller","startTime":2043.036,"endTime":2049.729,"body":"accounting of CO2, but also obviously in"},{"speaker":"Stephan Müller","startTime":2049.8289999999997,"endTime":2053.8089999999997,"body":"the reporting, in the forecasting, in the"},{"speaker":"Stephan Müller","startTime":2049.8289999999997,"endTime":2053.8089999999997,"body":"planning, because so far we talked a lot"},{"speaker":"Stephan Müller","startTime":2053.8089999999997,"endTime":2055.569,"body":"about the actual side of the Green Ledger."},{"speaker":"Stephan Müller","startTime":2056.109,"endTime":2059.879,"body":"But of course, I mean, this also"},{"speaker":"Stephan Müller","startTime":2056.109,"endTime":2059.879,"body":"enables a lot of opportunities"},{"speaker":"Stephan Müller","startTime":2059.889,"endTime":2061.0589999999997,"body":"on the planning side, right?"},{"speaker":"Stephan Müller","startTime":2061.509,"endTime":2062.749,"body":"And the forecasting side."},{"speaker":"Stephan Müller","startTime":2062.749,"endTime":2066.769,"body":"So we not only can forecast"},{"speaker":"Stephan Müller","startTime":2062.749,"endTime":2066.769,"body":"finance numbers, we can now also"},{"speaker":"Stephan Müller","startTime":2066.779,"endTime":2071.089,"body":"forecast CO2 numbers on real"},{"speaker":"Stephan Müller","startTime":2066.779,"endTime":2071.089,"body":"actual business plans on, on actual"},{"speaker":"Stephan Müller","startTime":2071.089,"endTime":2074.269,"body":"sales plans, on material resource"},{"speaker":"Stephan Müller","startTime":2071.089,"endTime":2074.269,"body":"plans, on production plans, right?"},{"speaker":"Stephan Müller","startTime":2074.569,"endTime":2077.799,"body":"Not only to use this in order to"},{"speaker":"Stephan Müller","startTime":2074.569,"endTime":2077.799,"body":"forecast what will be my revenue or"},{"speaker":"Stephan Müller","startTime":2077.819,"endTime":2083.569,"body":"what will be my margin in the next"},{"speaker":"Stephan Müller","startTime":2077.819,"endTime":2083.569,"body":"years, but also what will be my my CO2."},{"speaker":"Stephan Müller","startTime":2083.639,"endTime":2088.2780000000002,"body":"And I mean, AI will play a key"},{"speaker":"Stephan Müller","startTime":2083.639,"endTime":2088.2780000000002,"body":"role in, in that area as well."},{"speaker":"Stephan Müller","startTime":2088.638,"endTime":2091.828,"body":"Next in the posting, as I've just"},{"speaker":"Stephan Müller","startTime":2088.638,"endTime":2091.828,"body":"said, right, that we are looking on,"},{"speaker":"Stephan Müller","startTime":2092.358,"endTime":2098.268,"body":"on capabilities to enhance the invoice"},{"speaker":"Stephan Müller","startTime":2092.358,"endTime":2098.268,"body":"posting with CO2, for example, I think"},{"speaker":"Stephan Müller","startTime":2098.268,"endTime":2102.0480000000002,"body":"that's a super, super interesting area"},{"speaker":"Stephan Müller","startTime":2098.268,"endTime":2102.0480000000002,"body":"where, where I believe we will see a lot"},{"speaker":"Stephan Müller","startTime":2102.0480000000002,"endTime":2103.688,"body":"of movements in, in the years to come"},{"speaker":"Tom Raftery","startTime":2104.833,"endTime":2105.353,"body":"Interesting."},{"speaker":"Tom Raftery","startTime":2105.443,"endTime":2105.913,"body":"Okay."},{"speaker":"Tom Raftery","startTime":2106.343,"endTime":2113.968,"body":"And left field question, Stephan, if, if"},{"speaker":"Tom Raftery","startTime":2106.343,"endTime":2113.968,"body":"you could have any person or character"},{"speaker":"Tom Raftery","startTime":2114.5480000000002,"endTime":2121.438,"body":"alive or dead, real or fictional"},{"speaker":"Tom Raftery","startTime":2114.5480000000002,"endTime":2121.438,"body":"as a spokesperson for trustworthy"},{"speaker":"Tom Raftery","startTime":2121.468,"endTime":2123.948,"body":"carbon accounting, who would it be?"},{"speaker":"Tom Raftery","startTime":2123.948,"endTime":2124.498,"body":"And why"},{"speaker":"Stephan Müller","startTime":2128.188,"endTime":2128.788,"body":"From the history."},{"speaker":"Stephan Müller","startTime":2128.808,"endTime":2130.138,"body":"I can pick any, any person."},{"speaker":"Stephan Müller","startTime":2130.138,"endTime":2130.578,"body":"Right."},{"speaker":"Tom Raftery","startTime":2130.678,"endTime":2131.728,"body":"Real or fictional?"},{"speaker":"Tom Raftery","startTime":2131.7580000000003,"endTime":2133.378,"body":"It doesn't have to be"},{"speaker":"Tom Raftery","startTime":2131.7580000000003,"endTime":2133.378,"body":"a real person either."},{"speaker":"Stephan Müller","startTime":2134.483,"endTime":2138.053,"body":"Somehow my mind"},{"speaker":"Stephan Müller","startTime":2134.483,"endTime":2138.053,"body":"gets stuck around Da Vinci, right?"},{"speaker":"Stephan Müller","startTime":2138.163,"endTime":2143.793,"body":"Such a genius engineer, such a"},{"speaker":"Stephan Müller","startTime":2138.163,"endTime":2143.793,"body":"genius visionary as well, right?"},{"speaker":"Stephan Müller","startTime":2143.963,"endTime":2149.1440000000002,"body":"In, in, in, in the time having, having"},{"speaker":"Stephan Müller","startTime":2143.963,"endTime":2149.1440000000002,"body":"such a genius still living today, right?"},{"speaker":"Stephan Müller","startTime":2149.1440000000002,"endTime":2153.467,"body":"And speaking out for for"},{"speaker":"Stephan Müller","startTime":2149.1440000000002,"endTime":2153.467,"body":"Green Ledger, speaking out for"},{"speaker":"Stephan Müller","startTime":2153.467,"endTime":2154.917,"body":"more sustainability, right?"},{"speaker":"Stephan Müller","startTime":2155.237,"endTime":2158.347,"body":"I think could could really make an impact."},{"speaker":"Stephan Müller","startTime":2158.357,"endTime":2164.237,"body":"And also his his genius in designing"},{"speaker":"Stephan Müller","startTime":2158.357,"endTime":2164.237,"body":"machines, his genius in in designing"},{"speaker":"Stephan Müller","startTime":2164.247,"endTime":2169.107,"body":"new systems, I think, is something we"},{"speaker":"Stephan Müller","startTime":2164.247,"endTime":2169.107,"body":"could truly benefits in today's world."},{"speaker":"Stephan Müller","startTime":2169.527,"endTime":2174.175,"body":"And having him as a as, as an"},{"speaker":"Stephan Müller","startTime":2169.527,"endTime":2174.175,"body":"advocate for, for more sustainability,"},{"speaker":"Stephan Müller","startTime":2174.185,"endTime":2177.695,"body":"having him as an advocate for, for"},{"speaker":"Stephan Müller","startTime":2174.185,"endTime":2177.695,"body":"something like the SAP Green Ledger,"},{"speaker":"Stephan Müller","startTime":2178.035,"endTime":2182.542,"body":"I think that would be a really nice"},{"speaker":"Stephan Müller","startTime":2178.035,"endTime":2182.542,"body":"thing, right, the thing to have,"},{"speaker":"Tom Raftery","startTime":2183.422,"endTime":2185.252,"body":"Superb,"},{"speaker":"Tom Raftery","startTime":2183.422,"endTime":2185.252,"body":"superb, excellent, great."},{"speaker":"Tom Raftery","startTime":2185.552,"endTime":2189.342,"body":"Okay, we're coming towards the"},{"speaker":"Tom Raftery","startTime":2185.552,"endTime":2189.342,"body":"end of the podcast now, Stephan."},{"speaker":"Tom Raftery","startTime":2189.792,"endTime":2194.442,"body":"Is there any question I did not ask that"},{"speaker":"Tom Raftery","startTime":2189.792,"endTime":2194.442,"body":"you wish I did, or any aspect of this we"},{"speaker":"Tom Raftery","startTime":2194.442,"endTime":2197.4320000000002,"body":"haven't touched on that you think it's"},{"speaker":"Tom Raftery","startTime":2194.442,"endTime":2197.4320000000002,"body":"important for people to think about?"},{"speaker":"Stephan Müller","startTime":2199.362,"endTime":2202.352,"body":"Yeah, there's, there's"},{"speaker":"Stephan Müller","startTime":2199.362,"endTime":2202.352,"body":"one aspect, which I think is also"},{"speaker":"Stephan Müller","startTime":2202.382,"endTime":2204.342,"body":"a key aspect of the Green Ledger."},{"speaker":"Stephan Müller","startTime":2204.372,"endTime":2209.022,"body":"And that is actually that we make"},{"speaker":"Stephan Müller","startTime":2204.372,"endTime":2209.022,"body":"sustainability data available"},{"speaker":"Stephan Müller","startTime":2209.202,"endTime":2211.217,"body":"to broader user basis, right?"},{"speaker":"Stephan Müller","startTime":2211.217,"endTime":2214.687,"body":"I mean, if you think about in,"},{"speaker":"Stephan Müller","startTime":2211.217,"endTime":2214.687,"body":"in companies today, where's the"},{"speaker":"Stephan Müller","startTime":2214.687,"endTime":2218.907,"body":"sustainability data, it's typically in"},{"speaker":"Stephan Müller","startTime":2214.687,"endTime":2218.907,"body":"data warehouses, it's typically in own"},{"speaker":"Stephan Müller","startTime":2218.907,"endTime":2220.647,"body":"systems, which is not bad as such, right?"},{"speaker":"Stephan Müller","startTime":2221.027,"endTime":2224.627,"body":"But to those systems only few"},{"speaker":"Stephan Müller","startTime":2221.027,"endTime":2224.627,"body":"users have, have access, right?"},{"speaker":"Stephan Müller","startTime":2224.667,"endTime":2227.617,"body":"And I mean, if you need to make"},{"speaker":"Stephan Müller","startTime":2224.667,"endTime":2227.617,"body":"a business decision, let's say"},{"speaker":"Stephan Müller","startTime":2227.617,"endTime":2228.757,"body":"you want to procure something."},{"speaker":"Stephan Müller","startTime":2229.3070000000002,"endTime":2231.167,"body":"You don't have this data at hand, right?"},{"speaker":"Stephan Müller","startTime":2231.167,"endTime":2233.327,"body":"I mean, of course you could go"},{"speaker":"Stephan Müller","startTime":2231.167,"endTime":2233.327,"body":"there and could look and then"},{"speaker":"Stephan Müller","startTime":2233.677,"endTime":2236.407,"body":"change your business decision, but"},{"speaker":"Stephan Müller","startTime":2233.677,"endTime":2236.407,"body":"is this the most effective way?"},{"speaker":"Stephan Müller","startTime":2236.937,"endTime":2241.097,"body":"With Green Ledger, we, we really bring"},{"speaker":"Stephan Müller","startTime":2236.937,"endTime":2241.097,"body":"this data to the point of decision making"},{"speaker":"Stephan Müller","startTime":2241.097,"endTime":2242.987,"body":"to eventually all users of an ERP system."},{"speaker":"Stephan Müller","startTime":2242.987,"endTime":2245.927,"body":"That if you make a procurement decision,"},{"speaker":"Stephan Müller","startTime":2242.987,"endTime":2245.927,"body":"you not only see the financial impact,"},{"speaker":"Stephan Müller","startTime":2246.257,"endTime":2248.547,"body":"that you also see the CO2 impact."},{"speaker":"Stephan Müller","startTime":2248.577,"endTime":2251.837,"body":"And you could say, we democratize"},{"speaker":"Stephan Müller","startTime":2248.577,"endTime":2251.837,"body":"the sustainability data."},{"speaker":"Stephan Müller","startTime":2251.987,"endTime":2255.857,"body":"We make it available to very"},{"speaker":"Stephan Müller","startTime":2251.987,"endTime":2255.857,"body":"broad set of users, right?"},{"speaker":"Stephan Müller","startTime":2255.857,"endTime":2260.877,"body":"That can actually work with the data and,"},{"speaker":"Stephan Müller","startTime":2255.857,"endTime":2260.877,"body":"and just that make this data available"},{"speaker":"Stephan Müller","startTime":2261.497,"endTime":2266.047,"body":"to the users, to the people at the"},{"speaker":"Stephan Müller","startTime":2261.497,"endTime":2266.047,"body":"time, and then we need to make decision."},{"speaker":"Stephan Müller","startTime":2266.597,"endTime":2268.837,"body":"We believe can make a tremendous impact."},{"speaker":"Stephan Müller","startTime":2269.047,"endTime":2271.792,"body":"So we we set the sustainability"},{"speaker":"Stephan Müller","startTime":2269.047,"endTime":2271.792,"body":"data loose, right?"},{"speaker":"Stephan Müller","startTime":2272.002,"endTime":2275.612,"body":"We bring it out there and then"},{"speaker":"Stephan Müller","startTime":2272.002,"endTime":2275.612,"body":"yeah, let people decide on that."},{"speaker":"Stephan Müller","startTime":2276.042,"endTime":2280.612,"body":"I think this is a very key, key aspect"},{"speaker":"Stephan Müller","startTime":2276.042,"endTime":2280.612,"body":"that also the green ledger brings"},{"speaker":"Stephan Müller","startTime":2280.612,"endTime":2285.4320000000002,"body":"with it apart from this whole rigor"},{"speaker":"Stephan Müller","startTime":2280.612,"endTime":2285.4320000000002,"body":"and logic point of view that we make"},{"speaker":"Stephan Müller","startTime":2285.4320000000002,"endTime":2288.032,"body":"the data available to the users."},{"speaker":"Tom Raftery","startTime":2289.107,"endTime":2289.587,"body":"Fantastic."},{"speaker":"Tom Raftery","startTime":2289.737,"endTime":2290.0570000000002,"body":"Great."},{"speaker":"Tom Raftery","startTime":2290.0570000000002,"endTime":2290.427,"body":"Super."},{"speaker":"Tom Raftery","startTime":2291.0570000000002,"endTime":2295.367,"body":"Stephan, if people would like to know"},{"speaker":"Tom Raftery","startTime":2291.0570000000002,"endTime":2295.367,"body":"more about yourself or any of the things"},{"speaker":"Tom Raftery","startTime":2295.367,"endTime":2298.487,"body":"we discussed on the podcast today,"},{"speaker":"Tom Raftery","startTime":2295.367,"endTime":2298.487,"body":"where would you have me direct them?"},{"speaker":"Stephan Müller","startTime":2300.082,"endTime":2300.312,"body":"Yeah."},{"speaker":"Stephan Müller","startTime":2300.312,"endTime":2301.752,"body":"I mean would be super interested."},{"speaker":"Stephan Müller","startTime":2301.752,"endTime":2305.082,"body":"So if you have questions, if you"},{"speaker":"Stephan Müller","startTime":2301.752,"endTime":2305.082,"body":"want to continue the discussion"},{"speaker":"Stephan Müller","startTime":2305.082,"endTime":2306.452,"body":"outside of this podcast, right."},{"speaker":"Stephan Müller","startTime":2306.492,"endTime":2308.872,"body":"You, you can easily find"},{"speaker":"Stephan Müller","startTime":2306.492,"endTime":2308.872,"body":"me on LinkedIn, right."},{"speaker":"Stephan Müller","startTime":2308.972,"endTime":2312.752,"body":"Obviously, and if you want to know, if"},{"speaker":"Stephan Müller","startTime":2308.972,"endTime":2312.752,"body":"you want to know more about the Green"},{"speaker":"Stephan Müller","startTime":2312.752,"endTime":2315.745,"body":"Ledger,  go to our product site sap."},{"speaker":"Stephan Müller","startTime":2315.745,"endTime":2319.975,"body":"com green ledger, and you will"},{"speaker":"Stephan Müller","startTime":2315.745,"endTime":2319.975,"body":"find much more information."},{"speaker":"Stephan Müller","startTime":2319.985,"endTime":2322.535,"body":"You will find videos, how that"},{"speaker":"Stephan Müller","startTime":2319.985,"endTime":2322.535,"body":"actually looks like in action."},{"speaker":"Stephan Müller","startTime":2322.545,"endTime":2323.5750000000003,"body":"You will find demos."},{"speaker":"Stephan Müller","startTime":2323.5750000000003,"endTime":2326.925,"body":"You will find screenshots and where"},{"speaker":"Stephan Müller","startTime":2323.5750000000003,"endTime":2326.925,"body":"you can also get in touch with"},{"speaker":"Stephan Müller","startTime":2326.955,"endTime":2330.965,"body":"SAP if you are interested in the"},{"speaker":"Stephan Müller","startTime":2326.955,"endTime":2330.965,"body":"green ledger and the good things"},{"speaker":"Stephan Müller","startTime":2330.975,"endTime":2332.465,"body":"it can do for you and your company."},{"speaker":"Tom Raftery","startTime":2333.62,"endTime":2333.9900000000002,"body":"Fantastic."},{"speaker":"Tom Raftery","startTime":2333.9900000000002,"endTime":2336.17,"body":"And I'll put those links"},{"speaker":"Tom Raftery","startTime":2333.9900000000002,"endTime":2336.17,"body":"in the show notes, Stephan."},{"speaker":"Tom Raftery","startTime":2336.2200000000003,"endTime":2337.66,"body":"So everyone has access to them."},{"speaker":"Stephan Müller","startTime":2338.385,"endTime":2339.3650000000002,"body":"Super Tom, super"},{"speaker":"Tom Raftery","startTime":2340.14,"endTime":2340.9,"body":"Thank you, Stephan."},{"speaker":"Tom Raftery","startTime":2340.92,"endTime":2342.64,"body":"Thanks a million for coming"},{"speaker":"Tom Raftery","startTime":2340.92,"endTime":2342.64,"body":"on the podcast today."},{"speaker":"Tom Raftery","startTime":2342.66,"endTime":2343.4900000000002,"body":"It's been fascinating."},{"speaker":"Stephan Müller","startTime":2344.605,"endTime":2347.255,"body":"Thank you, Tom for"},{"speaker":"Stephan Müller","startTime":2344.605,"endTime":2347.255,"body":"having the opportunity to discuss"},{"speaker":"Stephan Müller","startTime":2347.255,"endTime":2350.855,"body":"with you the Green Ledger and yeah,"},{"speaker":"Stephan Müller","startTime":2347.255,"endTime":2350.855,"body":"having the opportunity to share"},{"speaker":"Stephan Müller","startTime":2350.875,"endTime":2353.8250000000003,"body":"our story on Climate Confident."},{"speaker":"Tom Raftery","startTime":2354.651,"endTime":2356.521,"body":"Okay, we've"},{"speaker":"Tom Raftery","startTime":2354.651,"endTime":2356.521,"body":"come to the end of the show."},{"speaker":"Tom Raftery","startTime":2357.241,"endTime":2358.351,"body":"Thanks everyone for listening."},{"speaker":"Tom Raftery","startTime":2359.2110000000002,"endTime":2363.361,"body":"If you'd like to know more about the"},{"speaker":"Tom Raftery","startTime":2359.2110000000002,"endTime":2363.361,"body":"Climate Confident podcast, feel free to"},{"speaker":"Tom Raftery","startTime":2363.371,"endTime":2367.281,"body":"drop me an email to tomraftery at outlook."},{"speaker":"Tom Raftery","startTime":2367.531,"endTime":2371.011,"body":"com or message me on LinkedIn or Twitter."},{"speaker":"Tom Raftery","startTime":2371.581,"endTime":2375.321,"body":"If you like the show, please don't"},{"speaker":"Tom Raftery","startTime":2371.581,"endTime":2375.321,"body":"forget to click follow on it in your"},{"speaker":"Tom Raftery","startTime":2375.341,"endTime":2379.821,"body":"podcast application of choice to get new"},{"speaker":"Tom Raftery","startTime":2375.341,"endTime":2379.821,"body":"episodes as soon as they're published."},{"speaker":"Tom Raftery","startTime":2380.451,"endTime":2383.411,"body":"Also, please don't forget to"},{"speaker":"Tom Raftery","startTime":2380.451,"endTime":2383.411,"body":"rate and review the podcast."},{"speaker":"Tom Raftery","startTime":2383.611,"endTime":2386.141,"body":"It really does help new"},{"speaker":"Tom Raftery","startTime":2383.611,"endTime":2386.141,"body":"people to find the show."},{"speaker":"Tom Raftery","startTime":2387.231,"endTime":2387.681,"body":"Thanks."},{"speaker":"Tom Raftery","startTime":2388.351,"endTime":2389.271,"body":"Catch you all next time."}]}