Oracle has added two new offerings to the crowded environmental reporting marketplace: Oracle Environmental Accounting and Reporting, and JD Edwards EnterpriseOne Environmental Accounting and Reporting.
The two modules, provided as options for Oracle E-Business Suite Financials and JD Edwards EnterpriseOne Financial Management, will enable companies to track greenhouse gas emissions and other environmental data against reduction targets. The new products are based on the assets of Ndevr, which Oracle acquired in February.
The products will help customers obtain accurate, repeatable and verifiable methodologies for greenhouse gas calculation in accordance with global standards and for both voluntary and legislated emissions reporting schemes, Oracle said.
The modules manage this function from within Oracle’s existing ERP system, and provide immediate insight to help companies identify and manage CO2 and cost reduction opportunities, the company said. The products collect and report environmental data based on existing business processes such as invoicing.
“Environmental considerations such as emissions reporting are part of the new-normal for all organizations, and Oracle is committed to providing comprehensive solutions to meet these requirements,” said Jon Chorley, vice president of product strategy.
“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.”
In December Oracle debuted in last place on Greenpeace’s semi-annual rankings of IT companies’ efforts to fight climate change. The hardware and software company scored just 12 points out of 100 on the Cool IT leaderboard.
The rankings evaluate IT companies on three measures: their efforts in offering products and services to combat global warming, the firms’ initiatives to reduce their own emissions, and their political advocacy work.