Global chemical sector initiative, Together for Sustainability (TfS), has this wek launched a new set of guidelines for the chemical industry to help companies better calculate and track their upstream Scope 3 supply chain emissions.
The new guidelines for Product Carbon Footprint (PCF) and Corporate Scope 3 emission reporting – which were hailed as a ‘first-of-its-kind’ by TfS – provide specific calculation instructions for measuring emissions from ‘cradle to gate’ for chemical materials.
The group said its PCF calculation methodology can be used across the industry and is applicable to the vast majority of chemical products.
As such, it aims to allow consumers and the wider market to directly compare and assess the climate impact of products, as well as providing producers of chemical materials and their suppliers with step-by-step assessment approaches to identify emissions sources across the chemicals industry value chain, TfS said.
It highlighted citric acid as an