TAGS: Sustainability / Natural Solutions
ICIS and Carbon Minds have partnered to provide companies in the chemicals supply chain with data to support decision making on the net-zero transition.
Reduction and Measurement of Carbon Footprint
The new partnership will widen access to independent, supplier specific, carbon emissions data, enabling companies to instantly identify emissions hotspots, identifying opportunities for reduction, comparing suppliers and measurement of their Scope 3 chemicals carbon footprint.
Arne Kätelhön, managing director & co-founder at Carbon Minds, explains, “
Partnering with ICIS, together we make supplier-specific emissions data more accessible and help businesses fully understand the emissions that are being added to their products through the supply chain.”
Kätelhön continued, “
The variance of supplier-specific carbon footprints is significant and offers manufacturers a real opportunity to immediately make a difference to their overall carbon footprint."
Supply Chain Data for Informed Decisions
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Manufacturers wanting to reduce their carbon footprint need clear, consistent, and comparative carbon emission supply chain data on which to base purchasing decisions. The data enables informed decisions, improve environmental performance, and strengthens brands as a result.”
Louise Boddy, Head of Commercial Strategy – Sustainability at ICIS, said, “
Our focus on sustainability ensures we support our customers and markets in their plans to lower emissions. This is becoming increasingly critical for access to capital, and we recognize how crucial and challenging it is to measure and lower the negative impact of supply chains.”
The data for supplier-specific carbon footprints accounts for each supplier and plant’s precise production process and supply chain to shine a light on the true climate impact. The data covers 77 bulk chemicals which are consumed to produce a wide variety of materials used in around 96% of manufactured goods.
Boddy concluded, “
We exist to connect markets, customers and data to enable the efficient, effective and sustainable trade and use of global resources. This partnership is another important step towards enabling this outcome for our customers around the world.
“This data will be readily accessible to ICIS users in our solutions platform, where it will become readily accessible to ICIS subscribers in 2022. The world is changing, we want to make sure that change is for the better.”
Source: ICIS