Eneos joined with environmental consultancy Wastebox and IT specialists NTT Data to work out how to calculate the carbon footprint for its products, including lubricants. The calculations will provide customers with data that could help reduce their own emissions.
A growing number of companies are measuring their carbon footprints as the public and legislators urge industry to reduce its environmental impact. Many of the major European lubricant companies are committing to managing their carbon footprints, but this is a first in Japan.
The study aims to develop a system that unifies monitoring and management of industry-specific carbon information per product, according to a press release from the company. Eneos plans to start providing customers with data on some of its lubricants, petrochemicals and functional materials this year.
The methodology must comply with the draft Carbon Footprint Guidelines announced by the government in January and with ISO standards and other requirements, the company said.
One challenge is that multiple products can be derived from the same refining process and raw materials. The study will examine how greenhouse gas emissions can be allocated to those products.
In addition to generating data on a per-product basis, the study will look at greenhouse gas emissions from business sites and other locations with the aim of “streamlining statutory GHG reporting,” “managing the implementation of carbon neutrality plans through monthly forecasting and result management” and “optimizing the costs of emission reductions.” Eneos, which is headquartered in Tokyo, said it wants to reduce Scope 1 and Scope 2 carbon dioxide emissions by 46% of 2013 levels by 2030 and become net zero by 2040. By 2050, Eneos wants to reduce Scope 3 emissions and become carbon neutral.