The Kyoto Protocol, the Clean Air Act, ISO 14064, the EU IPPC Directive – oil and gas companies must contend with a growing array of regulatory issues. And, the process of applying and monitoring permits can be labor-intensive. In particular, you need to monitor and manage operations and emissions permits to comply with regulations, reduce greenhouse gases and other emissions, and ensure the ability to audit.

SAP solutions for governance, risk, and compliance (GRC) support the oil and gas industry's requirements to predict and prevent financial and environmental risks, increase business performance, and drive competitive advantage. To meet these objectives and ensure corporate sustainability, SAP solutions for GRC unify corporate strategy, risk management, and control initiatives across the extended enterprise.

Fortunately, the SAP Environmental Compliance application gives you the capabilities you need to handle:

• Compliance management – Operate facilities and manage processes according to relevant regulations with capabilities for data monitoring, task monitoring, exception tracking, incident management, and reporting.
• Emissions management – Take advantage of tools for emissions monitoring, compliance tracking, and regulatory reporting, including greenhouse gas monitoring, allowance management, and National Allocation Plan (NAP) reporting and trading.
• Permit management – Optimize the process of applying for and obtaining the appropriate licenses and permits with capabilities for application management, change management, and reporting.

Efficient compliance management can result in clear competitive advantage. And the revenue-generating potential of the emerging emissions trading markets means oil and gas companies can turn regulatory compliance into new revenue streams. With SAP Environmental Compliance, you have the tools you need to mitigate risks, build trust with regulatory authorities, significantly reduce the cost of compliance over the long term, and pursue new business opportunities.