With the capacity to collect, verify and analyse company data on sustainability, Oracle Cloud Enterprise Performance Management (EPM) helps businesses meet their ESG goals. The automation of data across multiple departments within businesses (including finance, HR, sales and operations) allows for the standardisation and therefore easier accessibility of ESG metrics.
Oracle Cloud is compatible with Microsoft Office, so it can be integrated into normal business processes and be used internally and externally for constant, collaborative feedback and reporting.
Being able to make predictions on future outcomes also means that Oracle Cloud can help organisations plan and revise their short-term targets to reach long-term goals more effectively. Whether that’s reducing waste, partnering with sustainable suppliers, or reporting on diversity and inclusion (D&I), with Oracle Cloud businesses can keep track of their environmental impact and prepare models to address arising issues.
Oracle Cloud has already helped customers achieve a 40-50% reduction in CO2 emissions and power costs.
Although some CIO’s have expressed concerns about the high-energy usage of AI and the lacking cultural perspective of DEI initiatives run by robots, the use of “consistently rational and always accessible coworkers” will undoubtedly have profound financial and ESG benefits for businesses across the world.
As consumers become more aware of companies’ (and their own) environmental and social impact, it’s crucial that business leaders take the initiative and use technology to enhance their sustainability mission. This will result in more companies being able to outwardly promote their ESG goals and achievements. In return, eco-conscious consumers will be more likely to invest in, and stay loyal to, the brand.
Sustainability is becoming an increasingly important part of the corporate competition, and technology is at hand to carry companies to the final.
