EMEX break new ground in Credible Environmental Reporting.
Lausanne, Switzerland, June 14, 2012– EMEX, the worldwide EHSQ and Sustainability software group has delivered a major update to its best in class environmental reporting module that can dramatically enhance the credibility of a company’s published environmental data.
Responding to increased recognition of the very real potential for sustainability related issues to materially affect a company’s investment value, risk profile and potential liabilities; the newly developed functionality helps to ensure a company’s published sustainability data can meet the same rigorous standards of assurance and scrutiny as their audited financial figures.
For businesses with a global presence the benefits are even more profound. As data must be captured from disparate corporate outposts across multiple jurisdictions and geographies the demand on effective management of environmental reporting increases exponentially. Global companies are required to maintain multiple emission factor libraries, capture measurements using multiple units of value and deliver all of the resulting data to a variety of regulatory authorities and other corporate stakeholders.
As this attention to sustainability grows, so too do the number of users of the data being collected; investors, analysts and increasingly large corporates (as they seek compliance within their broader supply chain), are all utilising this newly harvested data as a firm aid to decision-making.
Like never before, the risk to brand reputation from a forced re-statement of numbers is clear.
The EMEX platform mitigates that risk by harmonising and expediting environmental data identification, collection and migration processes in a way that preserves absolute data integrity world-wide. Using consistent application of accounting approaches, inventory boundaries and calculation methodologies the system helps to aggregate information consistently over time allowing for full historical data comparisons.
It brings a new confidence to published environmental data.
Key Facts/ Highlights
- Assurance of Credible Reporting; EMEX provides dynamic support for emission factor management enabling the automated re-calculation of baseline data and sequential updates to conversion and formula methodologies. Methodologies for estimating emissions, emission factors and the various sector-specific formulae used in the proxy calculations are managed dynamically within the EMEX database. All changes to emission factors are time, date and author stamped and only applicable until superseded by new factors introduced as a result of (for example) a process change.
- Total Protocol Flexibility; The new module provides an enterprise-class solution to global organisations looking to report environmental performance across multiple jurisdictions. With the capacity to handle unlimited protocols (and the targets associated with them), it allows companies to simultaneously report against any combination of local, international or regulatory requirements (including protocols contains with the CRC, OGP, IPIECA, GHG, GRI, IEA etc.) Additionally, new threshold management and approval workflows have been incorporated into the module to help dramatically reduce data capture errors. These automate “sense-checking” and can be engaged/disengaged by site location depending on the level of data policing deemed to be appropriate.
- Global Capture & Reporting Capabilities; Managing reporting protocols and targets across multiple jurisdictions is dramatically simplified with the EMEX dynamic roll-up capability. Dynamic multi-currency and multi-measurement functionality enables full support for local currency data entry and separate metric/imperial unit capture with dynamic roll-up at corporate level into the preferred group trading units and currencies all at the click of a mouse.
Simon Kelly, Chief Strategy & Environmental Officer, EMEX commented:
“The credibility of sustainability reporting is perhaps the single biggest environmental challenge facing organisations today. Credibility of reporting is a function of many things but the litmus test must be; does it stand up to assurance and scrutiny by external auditors? If the answer to that question is anything other than an emphatic “yes”, you can expect to be punished severely by the markets down the line.”
EMEX is a global leader in transformational enterprise software for the management of environmental, health and safety and sustainability programmes. Headquartered in Lausanne, Switzerland, the group has sales and development offices in London, Houston and Dublin and has been servicing the EHS and Sustainability requirements of its blue-chip clients for more than twenty years. Information about EMEX can be found at http://www.emex.com. For ongoing news, please visit our news feed.
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