Are your constant readings up to date?
Back-to-school season generally marks the start of the settings for CSR data collection. Whether you are on monthly reporting, delayed or closing in December, don’t be caught off guard by your validators on simple configuration.
If your application still converts Deutsche Mark into franc, there is a real urgency. More seriously, the currency table should be updated annually to take into account changes in exchange rates. Obsolescence of conversion tables is a recurring observation in audit reports, and a significant source of error in your reports, whereas it takes a few minutes to have an up-to-date system.
We are now talking about simple conversion, but we could also mention the date of the last update of your conversion factors for the calculation of greenhouse gas emissions…
For example, the GWP for methane at 100 years increased from 21 to 28 between 2001 and 2014 (IPCC), potentially your CH4 emissions could be multiplied by 1.3. Similarly, the emission factors of purchased electricity are changing; for example, the factor applicable to Germany rose from 0.349 T CO2/MWh in 2006 to 0.461 T CO2 /MWh in 2013 (GHG Protocol version IEA 2006 / 2005 values and version IEA 2013 / 2011 values), an increase of 33%!
Although it is not advisable to update the emission factors every year, it is recommended to change them every 3 or 4 years in order to keep up with scientific developments.
Feel free to contact support if you have any questions about your configuration tables..