Contact Information: Media Contact: Eric Applegate Locus Technologies (650) 960-1640
Locus Technologies Joins The Climate Registry and The Global Reporting Initiative (GRI)
Industry Leader Takes Action on Climate Change
| Source: Locus Technologies
SAN FRANCISCO, CA--(Marketwire - September 28, 2009) - Locus Technologies (Locus), the industry
leader in web-based environmental software, announced today that it has
joined The Climate Registry and The Global Reporting Initiative (GRI) to
report its greenhouse gas (GHG) emissions and GRI Performance Indicators
and to assist its clients with doing the same. The Climate Registry is a
nonprofit organization established to support organizations in calculating
and publicly reporting GHG emissions in a common, accurate and transparent
manner consistent across industry sectors and geographical borders. The
Global Reporting Initiative has pioneered the development of the world's
most widely used sustainability reporting framework and is committed to its
continuous improvement and application worldwide. This framework sets out
the principles and indicators that organizations can use to measure and
report their economic, environmental, and social performance.
"Locus Technologies has demonstrated exemplary environmental leadership by
taking the critical first step toward analyzing its impact on the
environment," said Doug Scott, Chair of The Climate Registry and Chair of
the Illinois Environmental Protection Agency. "In order to manage and
reduce emissions, it is important to calculate and verify emissions data
accurately. By measuring and reporting greenhouse gas emissions according
to the most rigorous and comprehensive standards, Locus is holding itself
to the highest level of accountability and responsibility."
Registry Members calculate and verify their GHG emissions according to The
Climate Registry's protocols, which are based on and consistent with
international standards such as the International Organization for
Standardization (ISO) and WRI/WBCSD. By calculating, reporting and
verifying their GHG emissions, Members serve as international role models
for environmental responsibility and commitment. Because they have
experience in managing their emissions, they also serve as valuable
resources in developing future policies.
The GRI Guidelines are the world's most widely-used sustainability
reporting framework. The common framework enables like-for-like comparison
to be made between companies, and for change to be effected from within a
company. GRI's mission is to create conditions for the transparent and
reliable exchange of sustainability information through the development and
continuous improvement of the GRI Sustainability Reporting Framework. The
GRI vision is that disclosure on economic, environmental, and social
performance is as commonplace and comparable as financial reporting, and as
important to organizational success.
"Locus is very happy to join these organizations that are leading
initiatives to standardize reporting of GHG and Sustainability Indicators
for the benefit of the planet and business community. For the last several
years Locus has been developing web-based software that incorporates
guidance documents from these organizations to help its clients with
reporting needs in various jurisdictions around the world. Locus' goal is
to provide its clients with Software as a Service (SaaS) tools where
clients need to input GHG and Sustainability information only once and
report it many times in accordance with various geographies and standards.
This is particularly important because many regions around the world still
don't have a clear set of enterprise GHG reporting standards. With passage
of the Federal Greenhouse Gases Rule on 22 September 2009, the U.S.
Environmental Protection Agency will, for the first time, require large
emitters to begin reporting greenhouse gas (GHG) data under a new reporting
system. This new program covers approximately 85 percent of the U.S. GHG
emissions and applies to roughly 10,000 facilities. The owners of these
facilities need to be ready to organize and report their data in the most
efficient way. Furthermore, by organizing their GHG and Sustainability data
in a system like Locus', companies will not only be able to lower the
reporting costs and organize their data better, but also use the very same
data to improve their operational efficiency across their organization in a
way that could self-fund these important initiatives," said Neno Duplan,
President and CEO of Locus.
"We hope that Locus will pave the way for many other companies from the US
and other regions of the world to recognize the importance of GRI and GHG
reporting. Embedding the GRI guidance in ePortal applications through a
multi-stakeholder process will help industry to faster adopt a set of
standards for sustainability disclosure," added Dr. Duplan.
ABOUT LOCUS TECHNOLOGIES
Locus Technologies specializes in providing comprehensive information
management and consulting services for the environmental industry. Locus's
primary line of business is the integration of environmental content and
domain expertise with Software as a Service (SaaS) offerings. Its flagship
product, EIM, provides robust online analytical data management for Locus
customers around the world.
www.locustec.com
ABOUT THE CLIMATE REGISTRY
The Climate Registry is a nonprofit collaboration among North American
states, provinces, territories and Native Sovereign Nations that sets
consistent and transparent standards to calculate, verify and publicly
report greenhouse gas (GHG) emissions into a single registry.
www.theclimateregistry.org.
ABOUT GRI
The Global Reporting Initiative has pioneered the development of the
world's most widely used sustainability reporting framework and is
committed to its continuous improvement and application worldwide. This
framework sets out the principles and indicators that organizations can use
to measure and report their economic, environmental, and social
performance.
www.globalreporting.org