Thursday Jan 17, 2013

Sustainable Progress in the Corporate World

By Jon Chorley, Chief Sustainability Officer and Vice President of SCM Product Strategy, Oracle

At the U.N. Climate Change Conference in Doha in November 2012, the consensus was that it’s time to take action.

In his address to environmental ministers and climate officials from nearly 200 countries, U.N. Secretary-General Ban Ki-moon summed it up by stating that “the abnormal is the new normal” and he highlighted events such as the flooding in Manhattan and Beijing, to the ice caps melting, permafrost thawing and sea levels rising.

But another aspect of this “new normal” is that business and the market are responding to the challenge. The green economy for example, which can be measured by looking at green jobs, green markets and investment in green industries, is showing genuine signs of momentum.  An article from Steven Cohen, Executive Director, Columbia University's Earth Institute, in the Huffington Post does a great job of capturing the progress made.

There are also signs that businesses are increasing their commitment to sustainability. A new report by Calvert Investments, Ceres and World Wildlife Fund demonstrates the dramatic progress that has been made over last three years. The report, “Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy,” showed that a majority of Fortune 100 companies have set a renewable energy commitment, a greenhouse gas (GHG) emissions reduction commitment or both. Additional findings included:

  • 56% of Fortune 100 and Global 100 companies have set GHG reduction goals.
  • Of those, 13% have set specific goals for renewable energy use, with others using renewable energy to meet their GHG goals.
  • Many companies are shifting from purchasing short-term, temporary Renewable Energy Credits (RECs) to longer-term investment strategies like Power Purchase Agreements (PPAs) and on-site projects, indicating a long-term commitment to renewable energy and reaping the benefits of reduced price volatility.

And of course technology will play a critical role in helping businesses act on sustainability goals and objectives. That’s why we continue to expand our sustainability solutions at Oracle and why we recently introduced a waste management solution for the Oracle E-Business Suite. Waste management issues are becoming an increasingly crucial part of environmental sustainability and we see it as one more way Oracle is helping businesses hit sustainability goals. It’s exciting to be part of the progress being made in the green economy and sustainability and we are looking forward to continuing that work this year.

Tuesday May 15, 2012

Sustainable Corporation 2012 Conference Update

Oracle recently hosted the Sustainable Corporation 2012 conference at our headquarters in Redwood Shores, California. As to be expected for a sustainability symposium in Silicon Valley, innovation and collaboration proved to be the driving themes for how companies can integrate sustainability throughout their business.

This conference was put on by the Silicon Valley Leadership Group who did a wonderful job bringing together over 300 Silicon Valley leaders to hear very informative and insightful sessions. Topics included technology and process innovation, corporate and government policy innovation, and stakeholder collaboration. The sessions were organized into two tracks: managing cost and risk and growing revenue and new markets. One thought echoed by many of the speakers was that there are many opportunities where companies can increase their profitability as well as reduce their environmental footprint by integrating sustainability across their organization. Session attendees were presented with many ideas on how to capitalize on these opportunities and were encouraged to inspire others to think outside the box and do the same thing. It was an informative and worthwhile way to spend the day.

For more information, visit here.

 

Thursday Apr 19, 2012

‘Sustainable Corporation 2012’ Conference To Be Held at Oracle on May 2

Oracle is hosting ‘The Sustainable Corporation 2012’ conference on Wednesday May 2 at our headquarters in Redwood Shores, California.  This conference is a signature event of the Silicon Valley Leadership Group. It brings together visionary companies in Silicon Valley that recognize they can become more competitive by integrating environmental sustainability across their business as a strategic imperative. Their companies are also becoming more resilient and more likely to win and retain customers. 

Join us on Wednesday May 2 as the Silicon Valley Leadership Group brings together an audience of more than 300 Valley leaders to focus on the strategic sustainability imperative. There will be case studies and panels from dozens of speakers that include: Lauralee Martin, EVP, COO & CFO of Jones Lang LaSalle; Adam Lowry, Co-Founder of Method; Jon Chorley, Chief Sustainability Officer of Oracle; Mark Hawkins, CFO of Autodesk; Seth Miller, Partner at DBL Investors; Natasha Scotnicki, Director, Corporate Program, Ceres; and Jason Wolf, Vice President, North America, Better Place.

Register here: http://thesustainablecorp.org/

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