An environmental reporting standard has been developed to make it easier for
businesses to compile sustainability information through their finance IT
The standard, launched by BASDA for software developers, is intended to help
finance functions compile carbon and other environmental information through
their accounting systems, into a more manageable format to allow easier
environmental reporting – which is likely to become mandatory in the next few
The Green XML standard is a guide for technology developers to create
products which make accounting and reporting on environmental issues more
accessible and will be launched by the Business Application Software Developers
BASDA are due to launch the “Green XML” standard which outlines ways software
developers can build into their products ways to automatically collect
environmental information such as carbon footprints and water usage data.
Jairo Rojas, BASDA’s director general, said: “This is a great example of
where BASDA has taken the lead and undertaken an important development on behalf
of all its members – saving the duplicated effort from each member and ensuring
an industry-wide standard approach to collecting carbon tracking and related
Green XML will be launched at the Global Business of Biodiversity Symposium
in London on 13 July.
Financial software suppliers UNIT 4 are expected to showcase its
environmental performance managment products at the event.
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