Sustainability Framework
The JD Edwards Sustainability Framework supports the environmental aspect of Environmental, Social, and Governance (ESG), which deals with environmental risks and natural resource management. This solution is a valuable option for organizations to streamline and standardize the environmental data collection across different business processes.
The Statement of Direction provides insight into JD Edwards' approach and roadmap for the Sustainability Framework.
Role of JD Edwards in Environmental Data Collection
Gathering environmental data enables businesses to track emissions relative to predefined goals or limits, enabling them to identify potential cost-saving opportunities, reduce emissions, and enhance regulatory compliance.
Organizations often face major challenges in the data collection process:
- Environmental data is spread across multiple sources, necessitating the exploration of multiple information channels.
- Verification and validation of environmental data is crucial, but this task is time-consuming and burdensome.
- Many organizations struggle to gather environmental data due to lack of established processes.
The JD Edwards Sustainability Framework provides a standardized and optimized method of collecting and storing environmental information from various day-to-day activities by using JD Edwards applications.
Carbon Calculation and Environmental Reporting
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The JD Edwards Sustainability Framework serves as a foundational platform for environmental data gathering and management, leaving the calculation of carbon emissions to be performed through preferred external methods or software. The JD Edwards digital platform enables organizations to integrate with ESG solutions for efficient carbon emission calculation and analysis.
For carbon reporting, organizations can evaluate Oracle cloud solutions such as Oracle Enterprise Performance Management (EPM) and Oracle Analytics Cloud for detailed analysis and reporting. Oracle EPM's ESG Reporting and Planning Solution can be used to plan, manage, and report ESG practices, and to improve decisions with built-in intelligence and advanced analytics.
