For immediate release
8 October 2009
Misys Open Source Solutions unveils carbon trading solution for UK
organisations
Misys and Green2020 help organisations in the United Kingdom prepare for
mandatory cap-and-trade Carbon Reduction Commitment Energy Efficiency Scheme
(New York and London - October 8, 2009) Misys Open Source Solutions, a division
of Misys plc (FTSE:MSY.L), today announced a new carbon management trading
solution, the Misys Environmental Trading Platform (METP), to help
organisations prepare for the UK's Carbon Reduction Commitment Energy
Efficiency Scheme - a mandatory emissions reduction scheme expected to affect
about 5,000 non-energy intensive private and public organisations that account
for ten percent of the country's carbon emissions.
Beginning in April 2010, the CRC will require these organisations to report
emissions data and from 2013 will be required to reduce emissions year-on-year
as part of a UK-wide initiative to reduce carbon emissions by 80% by 2050.
According to John Winn, Senior Solutions Manager of Misys Open Source
Solutions, "The Misys Environmental Trading Platform is designed to help
organisations quickly comply by providing data collection, carbon planning, and
liability calculation."
Green 2020 Limited, a UK-based environmental and energy consulting firm that
specialises in energy data management and optimising supply chains to implement
and manage cost-effective carbon reduction programmes, has partnered with Misys
on their go-to-market strategy. Most recently, Misys and Green 2020 signed an
exclusive agreement that will enable Green 2020 to distribute METP to the UK
public sector.
"Misys will provide organisations with complete management autonomy over their
unique trading and compliance liabilities because their platform automates the
trading process, which has most commonly been done by using paper
spreadsheets," said Charles Kee, Green 2020's Chief Executive Officer.
"Organisations will discover many carbon calculators and spreadsheet-based
trading tools in their search for the right technology, but none that have a
dynamic trading mechanism that interfaces with their energy management systems
and carbon footprint calculators, such as Green 2020's web-based system
Carbonalysis."
The Misys Environmental Trading Platform can also be used to trade carbon in
the open markets, including the European Union - Emission Trading Scheme (EU-
ETS). "METP facilitates extensive and accurate data capture and provides the
verifier with full access and transparency to their trades, an asset for
aircraft companies during the monitoring, reporting and verification process
for the EU-ETS," said Shaun Bainbridge, Director at CICS, a world leader in
carbon verification and certification services.
This new invention by Misys is not surprising, given the company's well-known
and lengthy history of developing trading platforms for its Treasury & Capital
Markets division-as well as its presence in the world's top 50 banks.
"We released the environmental trading platform this summer and already we're
gaining significant momentum," said Bob Barthelmes, Executive Vice President
and General Manager of Misys Open Source Solutions. "We are looking forward to
debuting the platform at the United Nations Climate Change Conference in
Copenhagen this December, alongside The Climate Registry."
In September, Misys announced a partnership with The Climate Registry to
develop the next generation of online emissions reporting, due in early 2010,
and together both companies will work to design and build the Commonwealth of
Massachusetts mandatory emissions reporting programme.
ENDS
INQUIRIES
MEDIA
Carla DeRasmo
T: +1 212-898-9410
M: +1 646-639-5451
Email: carla.derasmo@misys.com
About Misys Open Source Solutions
Misys Open Source Solutions, LLC, a division of Misys plc, supports the Misys
banking, treasury & capital markets and healthcare customers by leading the
development of open source projects to create new services and applications to
address these industry's most difficult problems. Misys Open Source Solutions,
based in New York City, is currently leading projects to dramatically reduce
atmospheric pollution and improve healthcare delivery.
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that
deliver significant results to organisations in the financial services and
healthcare industries. We maximise value for our customers by combining our
deep knowledge of their business with our commitment to their success.
In Banking and Treasury & Capital Markets, Misys is a market leader, with over
1,200 customers, including all of the world's top 50 banks. In healthcare,
Misys plc owns a controlling stake in NASDAQ listed Allscripts-Misys Healthcare
Solutions, Inc, a clear leader in the provision of healthcare information
technology, serving more than 150,000 physicians, 700 hospitals and nearly
7,000 post-acute and homecare organisations. Misys employs 6,000 people who
serve customers in more than 120 countries.
We aspire to be the world's best application software and services company,
delivering results for the most important industries in the world.
Misys: experience, solutions, results
www.misys.com
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