Sage has invested time to understand the impact of its efforts to support SMEs in navigating a changing world, as well as the company’s investments in fostering a greener, more connected Europe.
With this goal in mind, Sage, in collaboration with KREAB, has measured its impact on the economy, society, and environment across key European markets: the UK, Spain, France, Germany, Portugal, and Ireland. The report – Enabling Europe to thrive in a digital economy - analyses Sage’s contribution to the economy, employment, SMEs’ digitalisation, and tax compliance. Beyond numbers, it reflects Sage's dedication to sustainability, equality, innovation, and community engagement.
The data is based on Sage’s fiscal year 2023 figures, and its analysis has provided findings that illustrate Sage’s impact:
- Sage directly and indirectly supports 3.2 million SMEs, significantly contributing to the strength of the European economy.
- With over 42,000 partners assisting its contribution to SMEs across various markets, creating a robust tech European ecosystem.
- Sage’s software enables average annual operational cost reductions of €23,500 per SME and substantial efficiency gains, contributing an impressive €18 billion to European economic competitiveness.
- Sage's economic influence also extends to public revenue, processing €2.4 trillion in taxes annually, either directly or through its partners.
- Together with its ecosystem, and considering the direct, indirect, and induced effects of the company, Sage drives growth across Europe, generating an additional €2.5 in economic activity for every euro directly generated by Sage.
- Beyond supporting SMEs and national economic competitiveness, Sage demonstrates strong commitments to societal and environmental goals. In 2023, Sage employees across Europe dedicated over 80,500 hours to volunteering, twice the average corporate volunteering hours in Europe.
- Meanwhile, its environmental initiatives have achieved a 30% reduction in scope 1 and 2 carbon emissions since 2019.
