SCIENCE

Oracle introduced Oracle Environmental Accounting and Reporting and Oracle’s JD Edwards EnterpriseOne Environmental Accounting and Reporting, based on the acquired assets of Ndevr in February.

Organizations globally are faced with a complex set of emissions reporting requirements. Driven by country-specific regulatory mandates as well as stakeholder requests for voluntary reporting, companies are under pressure to provide consistent, transparent and accurate collection, measurement, and reporting of energy usage and emissions data.

Companies must undergo extensive and expensive data audits in order to maintain a ledger of up-to-date emissions factors and compare results on an annual basis. Existing “ad hoc” approaches utilizing manual or niche solutions have a high operational cost and weak data security and audit-ability.

Provided as an option for the Oracle E-Business Suite Financials and JD Edwards EnterpriseOne Financial Management, the modules now enable organizations to track their greenhouse gas emissions and other environmental data against reduction targets, and to obtain accurate, repeatable and verifiable methodologies for greenhouse gas calculation in accordance with global standards and for both voluntary and legislated emissions reporting schemes.

The Environmental Accounting and Reporting modules manage this function from within the existing ERP system, and utilize Oracle Business Intelligence to provide immediate insight into an organization’s environmental data to identify and manage CO2 and cost reduction opportunities - resulting in rapid ROI.

By leveraging existing platforms to collect and report environmental data based on existing business processes, such as invoicing, organizations are able to increase environmental data collection efficiency and reliability and deliver a more accurate measurement of energy consumption.

Environmental reports required for external reporting, such as the Carbon Disclosure Project, can be rapidly created in multiple delivery formats, including spreadsheets, email and PDF.