The focus on sustainability has increased significantly with various organizations working on incorporating sustainable practices into their day-to-day activities to ensure long-term viability. Sustainability has evolved from being just a buzzword to be a fundamental requirement for many organizations.
Sustainability is a broad term that encompasses three main pillars, which are Environmental, Social, and Governance (ESG).
The JD Edwards Sustainability Framework
JD Edwards is working on a solution called the Sustainability Framework, which focuses on the environmental aspect of ESG. This comprehensive solution will help JD Edwards customers record and manage environmental data accurately and efficiently to achieve their sustainability goals.
Environmental Data Collection
Collecting quality data is the key to accurate emission reporting, and thus the data collection process becomes crucial. However, this process is often cumbersome given these challenges:
- Data spread across multiple sources: Environmental data often resides in various systems and formats, requiring manual consolidation.
- Time-consuming verification: Ensuring data accuracy involves extensive verification and validation, needing additional time and effort.
- Data accuracy issues: Manual data collection is prone to human errors, resulting in significant inaccuracies.
- Lack of standardization: Without standardized methods, there is a risk of collecting incomplete or inaccurate data.
Simplify and Streamline Environmental Data Collection
The JD Edwards Sustainability Framework is designed to simplify the process of collecting and organizing relevant environmental data with:
Centralized Data Collection: Environmental data such as the combustion of natural gas in boilers and diesel fuel in generators (Scope 1 Stationary Combustion), fuel usage from transportation (Scope 1 Mobile Combustion), energy consumption from purchased electricity, steam, heat and cooling (Scope 2 Purchased Energy), and other vital environmental factors are collected from various sources and formats.
Central Repository: The Sustainability Framework uses JD Edwards core applications to collect environmental data and stores the data in a central repository called the Sustainability Activity Ledger, thus simplifying data access and management. JD Edwards also provides flexibility to enter and modify activity data directly in the repository.
Enhanced Data Accuracy and Efficiency: By optimizing data collection and centralizing its storage, the Sustainability Framework minimizes human errors, thus ensuring accurate and reliable data.
Carbon Calculation and Reporting
While the framework provides a solid foundation for gathering environmental data, it leaves the calculation of carbon emissions open to external methods and/or other software. This flexibility allows JD Edwards customers to tailor assessments to their specific needs and integrate specialized carbon emissions software as required.
For carbon calculation and reporting, explore Oracle Cloud Enterprise Performance Management (EPM). This solution can be used to plan, manage, and report sustainability practices, and to improve decisions with its built-in intelligence and advanced analytics.
Manage Environmental Footprint with the JD Edwards Sustainability Framework
The JD Edwards Sustainability Framework is a valuable option for organizations that want to take control of their environmental data and streamline the management of various sustainability information. By providing a robust platform for data collection and integration, JD Edwards helps organizations enhance their sustainability initiatives, thus ensuring compliance, efficiency, and strategic growth.
For more information, check the Sustainability Framework Statement of Direction.
Also, take a look at the Sustainability Framework Quick Tour.
