Monday Dec 03, 2012

Evaluating Solutions to Manage Product Compliance? Don’t Wait Much Longer

By Kerrie Foy, Director PLM Product Marketing, Oracle

Depending on severity, product compliance issues can cause various problems from run-away budgets to business closures. But effective policies and safeguards can create a strong foundation for innovation, productivity, market penetration and competitive advantage. If you’ve been putting off a systematic approach to product compliance, it is time to reconsider that decision.

Why now?  No matter what industry, companies face a litany of worldwide and regional regulations that require proof of product compliance and environmental friendliness for market access.  For example, Restriction of Hazardous Substances (RoHS), a regulation that restricts the use of six dangerous materials used in the manufacture of electronic and electrical equipment, was originally adopted by the European Union in 2003 for implementation in 2006 and has evolved over time through various regional versions for North America, China, Japan, Korea, Norway and Turkey. In addition, the RoHS directive allowed for material exemptions used in Medical Devices, but that exemption ends in 2014. Additional regulations worth watching are the Battery DirectiveWaste Electrical and Electronic Equipment (WEEE), and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) directives. Additional regulations are expected from organizations such as the Food and Drug Administration in the US and similar organizations elsewhere. Meeting compliance requirements and also successfully investing in eco-friendly designs can be a major challenge. It may involve transforming business models, go-to-market strategies, supply networks, quality assurance policies and compliance processes.  Without a single source of truth for product data and without proper processes in place, ensuring product compliance burgeons into a crushing task that is cost-prohibitive and overwhelming.  However, the risk to consumer goodwill and satisfaction, revenue, business continuity, and market potential is too great not to solve the compliance challenge. Companies are beginning to adapt and thrive by implementing systematic approaches to product compliance that are more than functional bandages, they are revenue-generating engines.

Consider working with Oracle to help you address your compliance needs. Many of the world’s most innovative leaders and pioneers are leveraging Oracle’s Agile Product Lifecycle Management (PLM) portfolio of enterprise applications to manage the product value chain, centralize product data, automate processes, and launch more eco-friendly products to market faster.   Particularly, the Agile Product Governance & Compliance (PG&C) solution provides out-of-the-box functionality to integrate actionable regulatory information into the enterprise product record from the ideation to the disposal/recycling phase. 

Agile PG&C is a comprehensive solution that makes product compliance per corporate initiatives and regulations more reliable and efficient. Throughout product lifecycles, use the solution to support full material disclosures, gain rapid visibility into non-compliance issues, efficiently manage declarations with your suppliers, feed compliance data into a corrective action if a product must be changed, and swiftly satisfy audits by showing all due diligence tracked in one solution.

Given the compounding regulation and consumer focus on urgent environmental issues, now is the time to act. Implementing an enterprise-wide systematic approach to product compliance is a competitive investment. From the start, Agile PG&C enables companies to confidently design for compliance and sustainability, reduce the cost of compliance, minimize the risk of business interruption, deliver responsible products, and inspire new innovation.  Don’t wait any longer!

To find out more about Agile Product Governance & Compliance download the data sheet, contact your sales representative, or call Oracle at 1-800-633-0738.

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/

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

Monday Dec 05, 2011

Responding to the Changing Needs of Businesses

Oracle’s Nigel King, Vice President, Oracle Applications Strategy recently did an interview that focused on “Responding to the Changing Needs of Businesses”. It was with COP 17 Climate Change magazine. In this interview, Nigel King discussed solutions that integrate corporate strategy with sustainability. As more customers are beginning to include environmental policy in their overall corporate strategy, King discusses Oracle’s products and services that can help customers in the monitoring and execution of that strategy. It’s an interesting read.

Tuesday Nov 22, 2011

Ovum Note: “Oracle's New Emphasis on Sustainability Changes the Playing Field”

Ovum recently published a note from their participation at Oracle Open World titled "Oracle's New Emphasis on Sustainability Changes the Playing Field". Additional information and a link to the report can be found here on the Sustainability Analyst Relations blog.

Wednesday Nov 16, 2011

Five Things Learned at the BSR Conference in San Francisco on Nov 2nd-4th

The BSR Conference 2011—“Redefining Leadership”—held from Nov 2nd to Nov 4th in San Francisco, with Oracle as one of the main sponsors, saw senior business executives, civil society representatives, and other experts from around the world gathering to share strategies and insights on the future of sustainability. The general conference sessions kicked off on November 2nd with a plenary address by former U.S. Vice President Al Gore. Other sessions were presented by CEOs of the caliber of Carl Bass (Autodesk), Brian Dunn (Best Buy), Carlos Brito (Anheuser-Busch InBev) and Ofra Strauss (Strauss Group). Here are five key highlights from the conference:

1.      The main leadership challenge is integrating sustainability into core business functions and overcoming short-termism. The “BSR GlobeScan State of Sustainable Business Poll 2011” - a survey of nearly 500 business leaders from 300 member companies - shows that 84% of respondents are optimistic that global businesses will embrace CSR/sustainability as part of their core strategies and operations in the next five years but consider integrating sustainability into their core business functions the key challenge. It is still difficult for many companies that are committed to the sustainability agenda to find investors that understand the long-term implications and as Al Gore said “Many companies are given the signal by the investors that it is the short term results that matter and that is a terribly debilitating force in the market.”

2.      Companies are required to address increasing compliance requirements and transparency in their supply chain, especially in relation with conflict minerals legislation and water management. The Dodd-Frank legislation, OECD guidelines, and the upcoming Securities and Exchange Commission (SEC) rules require companies to monitor upstream the sourcing of tin, tantalum, tungsten, and gold, but given the complexity of this issue companies need to collaborate and partner with peer companies in their industry as well as in other industries to understand how to address conflict minerals in their supply chains. The Institute of Public and Environmental Affairs’ (IPE) China Water Pollution Map enables the public to access thousands of environmental quality, discharge, and infraction records released by various government agencies. Empowered with this information, the public has the opportunity to place greater pressure on polluting companies to comply with environmental standards and create solutions to improve their performance.

3.      A new standard for reporting on supply chain greenhouse gas emissions is available. The New “Scope 3” Supply Chain Greenhouse Gas Inventory Standard, released on October 4th 2011, is the only international greenhouse gas emissions standard that accounts for the full lifecycle of a company’s products. It provides a framework for companies to account for indirect emissions outside of energy use, such as transportation, manufacturing, and distribution, and it incorporates both upstream and downstream impacts of a product. With key investors now listing supplier vulnerability to rising energy prices and disruptions of service as a key concern, greenhouse gas (GHG) management isn’t just for leading companies but a necessity for any business.

4.      Environmental, social, and corporate governance (ESG) reporting is becoming increasingly important to investors and other stakeholders. While European investors have traditionally driven the ESG agenda, U.S. investors are increasingly including ESG data in their analyses. This trend will likely increase as stakeholders continue to demand that an ESG lens be applied to their investments. Investors are increasingly looking to partner on sustainability, as they see the benefits of ESG providing significant returns on investment.

5.      Software companies are offering an increasing variety of solutions to help drive changes and measure performance internally, in supply chains, and across peer companies. The significant challenge is how to integrate different software systems to facilitate decision-making based on a holistic understanding of trade-offs. Jon Chorley, Chief Sustainability Officer and Vice President, Supply Chain Management Product Strategy at Oracle was a panelist in the “Trends in Sustainability Software” session and commented that, “How we think about our business decisions really comes down to how we think about cost. And as long as we don’t assign a cost to things that have an environmental impact or social impact, then we make decisions based on incomplete information. If we could include that in the process that determines ‘Is this product profitable? we would then have a much better decision.”

For more information on BSR visit www.brs.org. You can also view highlights of the plenary session at http://www.bsr.org/en/bsr-conference/session-summaries/2011. Oracle is proud to be a sponsor of this BSR conference.

By Elena Avesani, Principal Product Strategy Manager, Oracle

 

 

 

 

 

Tuesday Oct 18, 2011

Environmental Reporting Webcast: Replay Now Available

Chris Mines from Forrester Research joined us for a really informative webcast last week. Chris outlined some of the key trends he is seeing in the market place from an energy and carbon management perspective. He shared some insights on some of the key drivers, value propositions, and challenges based on the research that Forrester has conducted.

He ended with the following key takeaways:

  • Resource consumption and carbon emissions are the newest corporate assets (and liabilities) that IT systems will track.
  • Enterprise carbon and energy management (ECEM) software will become the corporate system of record for managing sustainability metrics.
  • Corporate finance and operations executives will emerge as the key influencers for ECEM purchasing; enterprise software companies will be the dominant suppliers.

You can listen to the replay in full here or download the presentation material here.

Tuesday Sep 20, 2011

Sustainability at Oracle OpenWorld

Oracle will again have a strong sustainability focus at its upcoming Oracle OpenWorld conference on October 2-6 in San Francisco. There will be plenty of sustainability sessions where Oracle customers and sustainability experts will discuss how Oracle products help customers reduce their carbon footprint as well as reduce their costs. Did you know that Oracle has been running Oracle OpenWorld as a model sustainable event since 2007?

Learn about all the sustainability-related activities during Oracle OpenWorld. But if you can't make it to everything, make sure you don't miss:

  • Eco-Enterprise Innovation Awards and the Business Case for Sustainability (Session 27126)
    Wednesday Oct. 5, 10:15 a.m. -- Moscone West Room 2003
    In this executive session, Oracle's Chairman of the Board Jeff Henley honors 12 customers with Oracle's Eco-Enterprise Innovation award. These awards are presented to select customers and their partners that are using Oracle products to both take an environmental lead as well as improve their business efficiencies by engaging in green business practices. The awards presentation is followed by a lively discussion with a panel of customers and Oracle executives who will discuss sustainability strategies for business operational efficiency using Oracle products.
  • Introducing Oracle E-Business Suite Environmental Accounting and Reporting (Session 18012)
    Monday Oct. 3, 5:00 p.m. -- Moscone West Room 3011
    Learn about Oracle's new product that enables companies to collect the necessary information for reporting on greenhouse gas emissions, water, waste, and other environmental metrics.
  • Make sure to visit the demogrounds -- especially the demo booth for Oracle Sustainability Solutions for Enabling the Eco-Enterprise in Moscone West, Demo Booth 8160

There are lots more sustainability-focused sessions, including Sustainability Reporting: Integrating with Financial Reporting; Sustainability Sensor Data Management: Trends, Strategy, and What's New; and Why Should Utilities Care About Global Standards for Sustainability Reporting? It should be another great year for sustainability at Oracle OpenWorld.

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