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This blog discusses Oracle's sustainability-related solutions and some of the sustainability activities at Oracle.

  • January 9, 2014

Trends of Sustainability Reporting Policies Worldwide

By Elena Avesani, Principal
Product Strategy Manager, Oracle

The Global Reporting Initiative (GRI)
recently released the third edition of the
Carrots & Sticks publication,
which analyzes the growing number of national and international reporting
policies from around the world. In the seven years of the series, the amount of
policy and regulation has markedly increased. This includes a notable increase
in the number of mandatory reporting measures. In 2006, 58 percent of policies
were mandatory; now, more than two thirds (72 percent) of the 180 policies in
the 45 reviewed countries are mandatory. All policies and guidance included in this
publication are either governmental or market regulatory requirements and
voluntary initiatives for the public disclosure of sustainability information;
CSR initiatives requiring or providing guidance for sustainability reporting or
other forms of public disclosure; or requirements or recommendations covering a
single topic (e.g., greenhouse gas emissions) or sector (e.g., mining),
provided the disclosure has to be public.

The analysis shows an increasing emphasis
on a combination of complementary voluntary and mandatory approaches to
organizational disclosure. The gradual integration of organizational
performance data is on the rise, with attempts to combine corporate governance,
financial and sustainability reporting. Their research shows the highest number
of reporters per country is in the USA, followed by Japan, South Africa, China,
Brazil, Spain, Sweden, Australia, Korea, and a number of other EU Member
States.

Going forward, it is likely that more
governments will issue sustainability reporting policies. Report readerships
will grow, and the discussion of sustainability data – including around its
credibility – will continue to increase. This enhanced participation of report
users will occur partly due to improvements in the user-friendliness of
sustainability reports, utilizing XBRL and other reporting innovations. Reports
will increasingly focus on sustainability issues that are material for
stakeholders and investors, thereby providing the most accurate and relevant
view of organizations’ sustainability performance and impacts.

Oracle Environmental Accounting and Reporting supports these needs and provides consistency across
organizations in how data is collected, retained, controlled, consolidated and
used in calculating and reporting emissions inventory. EA&R also enables
companies to develop an enterprise-wide data view that includes all five of the
key sustainability categories: carbon emissions, energy, water, materials and
waste. The report is available for download on the
GRI website.


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