Oracle Helps Customers Meet ESG Reporting Expectations
Oracle News, Monday, August 14,2023
While the U.S. Securities and Exchange Commission (SEC) determines new requirements for Environmental, Social, and Governance (ESG) reporting, many organizations face increasing pressure from customers, investors, and employees to provide more visibility into their ESG initiatives.
In some cases, organizations are not waiting around to see what kind of regulations are introduced by the SEC. For example, a $40 billion insurance company has already aligned with the SEC's expected requirements with the help of Oracle and PwC. This Oracle Fusion Cloud Applications customer can now track and report greenhouse gas (GHG) Protocol Scope 1 and 2 emissions in tons of carbon dioxide equivalent (tCO2e) and estimate and report upstream and downstream (GHG Protocol Scope 3) emissions. That's possible as our end-to-end solution supports the insurance company's ability to capture relevant data and produce detailed reports that clearly outline its progress on ESG goals.
To help other customers leverage our integrated suite of cloud applications to better track and measure ESG initiatives, we have launched five new ESG configuration guides for Oracle Fusion Applications. The new configuration guides, which are available on Oracle.com, provide step-by-step instructions to capture environmental data during day-to-day operations and build sustainability into the foundation of business processes.