Wednesday Jan 23, 2013

Oracle Environmental Accounting & Reporting ISeminar on February 12

Please join us at a free Iseminar on Tuesday February 12 at 10am PT/1pm ET/Noon CT that will cover Oracle Environmental Accounting and Reporting. In this 45 minute Iseminar you will learn about this easy-to-use solution which will help enable you to:

  • Collect the data pertaining to your company’s environmental impact and embed your greenhouse gas (GHG) reporting into the mainstream of business operations within your Oracle E-Business Suite and/or Oracle’s JD Edwards ERP systems.
  • Automate your environmental reporting process to make it more reliable, efficient, and secure.
  • Achieve a rapid return on your investment using Oracle Environmental Accounting and Reporting.

You may be asking what is Oracle Environmental Accounting and Reporting? This is a product that provides a repeatable, consistent, and auditable process to collect and report on your GHG impact. It will help you track GHG and other environmental data against your targets and help you efficiently meet your voluntary and legislated reporting needs. It is pre-built and flexible -- with reporting features, easy deployment, an ability to report on emissions by multiple factors such as source, facility, category, etc.

Register for this Iseminar here and learn how Oracle Environmental Accounting and Reporting can help you improve your overall operational efficiency and reduce cost.

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.

Saturday Jan 05, 2013

Sustainability Reporting Doubled in 2012

According to the recent Governance & Accountability Institute’s 2012 Corporate ESG/ Sustainability/Responsibility Report, the percentage of S&P 500 companies that reported on their sustainability strategies, initiatives, programs and performance has more than doubled, growing from 19 percent in 2011 to 53 percent in 2012 (reporting among Fortune 500 companies grew from 20 percent in 2011 to 57 percent in 2012). With more than 50 percent of this important group of companies reporting, those that do not report will feel increasing pressure to do so in the future. Click here for more information.

Friday Nov 30, 2012

Oracle Streamlines Tracking of Global Carbon Footprint and Greenhouse Gas Emissions

Oracle has automated its global carbon footprint and greenhouse gas emissions measurement using Oracle Environmental Accounting and Reporting. By using this solution, Oracle was able to increase organizational efficiency and reduce the need for labor intensive, manual processes in the tracking of greenhouse gas (GHG) emissions for both voluntary and legislated environmental reporting.

The move to Oracle Environmental Accounting and Reporting enables Oracle to more effectively meet both internal and governmental reporting needs, while addressing the associated economic mandates for reporting emissions and sustainability efforts. Organizations across the company can now record environmental data such as energy consumed or energy generated at facilities or locations within the enterprise, and can automatically calculate corresponding GHG emissions resulting from the use of emission sources. In addition, Oracle Environmental Accounting and Reporting includes data integration from multiple applications to ensure proper representation and calculation of emissions across the globe. The result is access to fast, accurate data and reporting to help the company meet its sustainability goals.

Tuesday Sep 25, 2012

South Korea Upcoming Cap and Trade Legislation

In my previous blogs I talked about climate change legislation trends in California, Australia and the European Union. In the next series of blogs, I am going to highlight how carbon trading and sustainability reporting legislation is evolving in other Asia Pacific countries, including South Korea, China, Japan, India and Taiwan - starting with South Korea.

South Korea passed legislation to begin a national cap-and-trade program in May 2012. Korea is the 8th biggest source of GHG emissions in the world and has a national target of cutting them 30% by 2020. South Korea's program will cover about 60% of emissions and will affect big emitters across the economy, including utilities, major manufacturers and even large universities. Emissions trading is scheduled to begin in Korea in 2015, the same year as in Australia and China.

Oracle Environmental Accounting and Reporting supports the needs of South Korea and helps ensure consistency across organizations in how data is collected, retained, controlled, consolidated and used in calculating and reporting emissions inventory. Learn more about the upcoming cap and trade legislation in South Korea and how to use Oracle Environmental Accounting and Reporting to meet those requirements here.

By Elena Avesani, Principal Product Strategy Manager, Oracle

Friday Feb 24, 2012

Oracle Environmental Accounting and Reporting and Australia’s Carbon Tax Management

We've been getting a lot of interest around the world in our relatively new product Oracle Environmental Accounting and Reporting (EA&R). This product enables organizations to track their greenhouse gas (GHG) emissions and other environmental data against reduction targets. EA&R also facilitates environmental reporting for both voluntary and legislated emissions reporting schemes. I plan to provide several postings that will discuss EA&R in regards to various regions and their unique GHG reporting requirements – starting with Australia.

In 2007, The Australian Department of Climate Change and Energy Efficiency (The Department) issued the National Greenhouse and Energy Reporting Act 2007 (The NGER Act). The Act makes registration, and emissions reporting mandatory for corporations whose energy production, energy use or greenhouse gas emissions meet specific thresholds. In November 2011, Australia then passed a landmark law to impose a price on carbon emissions, provided for by the Clean Energy Act 2011. Companies involved will need to obtain a government-issued carbon unit for every ton of  liable carbon emissions they produce. The initial price will be fixed, but will then be replaced by a flexible price on July 1, 2015, with the price of units being set by the market, with the number of available units capped, and a 'price ceiling' and a 'price floor'. Liabilities can also be managed by certain carbon offsets, although limits apply. You can obtain full details and see how you can use Oracle Environmental Accounting and Reporting to meet these requirements here

By Elena Avesani

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