5/3/2023 0 Comments Chemistry calculator for saleWe now have an even more wide-reaching and comprehensive guideline to assess the PCFs of chemical materials in a consistent fashion that has been jointly developed and officially endorsed by many global leaders in the chemical industry,” said Prof. “Such groundwork has brought things to the next level. Furthermore, with the clear intent to enable the industry to perform carbon accounting at scale and support PCF data transparency, BASF has been making its digital solution for product carbon footprint calculation available into the market by licensing it to software houses. This methodology is in line with the relevant ISO standards (ISO 14040, ISO 14044, ISO 14067) and the Greenhouse Gas Protocol Product Standard, while being more prescriptive and specific for the chemical industry. With the aim of fostering standardization, BASF has been openly sharing its PCF calculation methodology with suppliers, customers and peers. “This industry-wide agreement among leading global chemical and process industry manufacturers as members of TfS brings us a big step closer to achieving unrestricted comparability of product carbon footprints and, therefore, a level playing field within the chemical industry.” Christoph Jäkel, Vice President Corporate Sustainability at BASF. “We at BASF are proud to contribute to this guideline through our pioneering work in PCF calculation and methodology over the past years,” said Dr. In the future, this will allow companies in several industries using chemicals and the wider market to directly compare and assess the climate impact of products. It harmonizes PCF calculation approaches across the industry and is applicable to the vast majority of chemical products. The new TfS Guideline for Product Carbon Footprint provides specific calculation instructions for emissions from “cradle-to-gate” for chemicals. Product carbon footprints are an important information for steering emissions in the value chain. BASF welcomes the new standard and is committed to further contribute to the success of the TfS initiativeĪs part of the joint initiative “Together for Sustainability” (TfS), 37 companies from the chemical industry, including BASF, have agreed on a global guideline for calculating product carbon footprints (PCFs).TfS approach for chemical industry value chains supported by BASF.
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