Tuesday, 19 July 2011

Oracle introduces environmental accounting and reporting solutions

Oracle Oracle has introduced Environmental Accounting and Reporting and JD Edwards EnterpriseOne Environmental Accounting and Reporting modules. The release is a direct result of the company’s acquisition of Australian GHG accounting software company Ndevr, which I commented on in March.

The modules, which are available as options for the Oracle E-Business Suite Financials and JD Edwards EnterpriseOne Financial Management, enable organisations to track their greenhouse gas emissions and other environmental data against reduction targets. It’s all done within the existing ERP system and uses Oracle Business Intelligence to provide immediate feedback of environmental data to identify CO2 and cost reduction opportunities.

The methodologies for greenhouse gas calculations apparently comply with global standards for both voluntary and legislated emissions reporting schemes. The modules also enable the production of environmental reports, for instance for the Carbon Disclosure Project, in various formats.

“Environmental considerations such as emissions reporting are part of the new-normal for all organisations, and Oracle is committed to providing comprehensive solutions to meet these requirements," said Jon Chorley, Vice President of Product Strategy, Oracle. “With the introduction of Oracle Environmental Accounting and Reporting and JD Edwards EnterpriseOne Environmental Accounting and Reporting, customers can embed this capability within in the context of their normal business operations, delivering the required results at the best total cost of ownership."

 

So there you have it – emissions reporting is part of the ‘new-normal’. It’s certainly heading that way as companies are increasingly expected to report on environmental factors. Legislation is helping, with Australia’s National Greenhouse Energy Reporting (NGER) legislation and a push for mandatory emissions reporting in the UK. But there’s also a lot of pressure emerging from investors and customers.

Oracle has pretty much followed the expected path in reaching this point. Initially slow to realise that businesses will need to count carbon, it has caught up by acquiring the capability from Ndevr, which started out as a JD Edwards consultancy and subsequently developed GHG Accounting Software for the NGER legislation and the GHG Protocol. Expect to see more market consolidation as enterprise software companies look to integrate carbon accounting capabilities, which is likely to be an ongoing process as corporate requirements become more sophisticated over time.

© The Green IT Review

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