To help customers leverage Oracle’s integrated suite of cloud applications to better track and measure ESG initiatives, the company is launching 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.
The new Oracle Fusion Applications ESG configuration guides help customers with:
- Tracking environmental data using invoices: Track purchases of fuel, energy, water, and waste management using Descriptive Flexfields (DFFs) on invoices in Oracle Fusion Cloud Enterprise Resource Planning (ERP).
- Calculating greenhouse gas emissions from purchased goods and services: Capture suppliers’ emissions intensity and product carbon footprints using a combination of Oracle Cloud ERP and the procurement and product lifecycle management capabilities in Oracle Fusion Cloud Supply Chain and Manufacturing (SCM). Customers can also combine invoice, supplier, and item data to calculate Scope 3 emissions from purchased goods and services.
- Tracking environmental data using assets: Measure the environmental performance of individual assets using the maintenance and asset capabilities in Oracle Cloud SCM to understand inefficiencies and emission sources at a granular level and drive decisions that support progress toward ESG goals.
- Managing supplier ESG: Gather and act on ESG data from suppliers using procurement capabilities in Oracle Cloud SCM. Customers can create an ESG performance score, evaluate supplier ESG performance as part of sourcing decisions, and monitor suppliers’ ESG metrics over time.
- Capturing environmental attributes of products: Support sustainable sourcing, consumption, and marketing by capturing product attributes using product lifecycle management capabilities in Oracle Cloud SCM. Customers can capture attributes such as biodegradability, recyclability, energy efficiency, water efficiency, and indoor air emissions to convey a product’s environmental and health impacts.
According to the company, Oracle’s integrated suite of applications enables organizations to take advantage of the cloud to break down organizational silos, standardize and automate processes, improve efficiency, expand insights, and enhance the employee and customer experience. With quarterly update cycles, customers gain access to continuous innovation as new capabilities are added every 90 days, without downtime or business disruption.
For more information about this news, visit www.oracle.com.