TAGS: Sustainability / Natural Solutions
LG Chem has become the first in Korea to receive certification for its Product Carbon Footprint (PCF) calculation method from the global testing organization TUV Rheinland, further enhancing the competitive advantage of its low-carbon products for customers.
LG Chem's product carbon footprint assessment method, which follows the international standard (ISO 14067:2018).
Capturing Low-carbon Product Market
The method includes mandatory criteria specified in the international standard, such as data collection and calculation methods, and impact assessment methods.
TUV Rheinland is a global testing organization that provides carbon footprint certifications by evaluating greenhouse gas emissions generated throughout the entire lifecycle of a product, from its production and distribution to its usage and disposal, based on international standards.
Through this certification, LG Chem has secured the reliability of its Product Carbon Footprint assessment process, which includes advanced materials and petrochemical products, that it has been independently calculating since 2021.
In response to the growing demand for low-carbon products from global customers and pertinent certification information, LG Chem plans to apply the certified PCF method to its internally developed product carbon footprint automation system called CAMP (Carbon footprint Analysis & Management Platform). This move aims to actively engage in capturing the low-carbon and eco-friendly product market.
LG Chem's CAMP minimizes human errors by selectively extracting necessary data from existing in-house systems such as ERP (Enterprise Resource Planning) without requiring additional input. Moreover, it efficiently assesses reliable Product Carbon Footprint within a short timeframe based on internationally certified methods, enabling proactive responses to the needs of global customers. LG Chem plans to implement the Product Carbon Footprint system for products produced at all domestic and international sites by 2025 and continually enhance its capabilities.
Source: LG Chem