thyssenkrupp Materials Services and CarbonChain announce a partnership to advance low-carbon procurement with a new carbon intensity and traceability tool.
- Suppliers and customers of thyssenkrupp Materials Services’ European materials distribution units can now access the carbon footprint of products on demand
- Digital solution will provide carbon reporting to improve low-carbon procurement decision-making
- Comprehensive cradle-to-customer calculations inform decarbonization strategies across the supply chain
Thanks to the industry-leading carbon accounting software CarbonChain, thyssenkrupp Materials Services is improving its product carbon footprint capabilities. The initiative includes an innovative carbon intensity and traceability tool for customers and suppliers of thyssenkrupp Materials Services distribution units in Eastern and Western Europe.
The goal of the collaboration is to strengthen industry standards for emissions transparency and data quality, delivering more accurate carbon intensities more quickly. The tool will use asset-specific emission factors and activity-based methods, rather than relying on global averages. This way, customers looking for lower-carbon materials will be able to easily identify, compare and select them, while leveraging this data to develop sustainable procurement strategies to achieve their net-zero emissions goals.
Also Read : ProAmpac Collaborates with Aptar CSP Technologies to Launch Moisture Adsorbing Active Packaging Technology
CarbonChain comprehensive metal emissions database will be enriched with primary data from thyssenkrupp Materials Services suppliers, covering steel, stainless steel, aluminum and other metals. Globally, these metals are responsible for around 12% of global greenhouse gas emissions, although there is significant variation and potential for emissions reductions. For example, the carbon intensity of one tonne of primary aluminum can be as little as 3 tonnes of carbon dioxide equivalent (CO2e), or more than 28 tonnes of CO2e, depending on the carbon intensity of the energy sources used. and the type of production process.
Reports on the carbon footprint of thyssenkrupp Materials Services products will be provided upon request, quote or delivery, and will detail the breakdown of emissions by life cycle stage and source, providing a clear view of carbon hotspots and covering all greenhouse gas emissions from the point of origin to the customer’s doorstep.
Jörg Heiles, CEO of the Eastern Europe Operational Materials unit, commented:
“thyssenkrupp Materials Services is committed to driving carbon transparency in the metals industry. Our improved product carbon footprint calculator will provide full supply chain transparency and intensity calculations, so buyers can make better decisions.” and prepare for carbon regulations that are sweeping metals supply chains.
Adam Hearne , CEO and co-founder of CarbonChain, highlighted:
“Buyers cannot meet their net-zero emissions goals without knowing the carbon footprint of the products they purchase. Meanwhile, metal producers who are decarbonizing their industrial processes face barriers to quantifying and reporting their reductions. “thyssenkrupp Materials Services and CarbonChain are uniquely positioned to bridge this gap and provide timely, quality data for informed trading on carbon emissions . ”
SOURCE : PRNewswire