Last week, a group of 37 companies including BASF, Brenntag, Evonik, Clariant and Lanxess, launched a global chemical product carbon footprint calculation guideline. The new guideline allows chemicals-consuming companies and the wider market to directly compare and assess their products’ climate impact.
Global lubricant additives, base oils and other raw materials find their way into about 37 million tons of lubricant worldwide. Product carbon footprint calculations help manage emissions generated by the chemicals value chain, of which lubricants are a part.
The chemical product carbon footprint guideline provides specific calculation instructions for emissions from cradle-to-gate for chemicals. It also draws together footprint calculation methods from across the chemicals industry. BASF has already been sharing its product carbon footprint calculation methodology with its suppliers, customers and peers. The methodology conforms to ISO standards 14040, 14044 and 14067, and the Greenhouse Gas Protocol Product Standard.
“This industry-wide agreement … brings us a big step closer to achieving unrestricted comparability of product carbon footprints and, therefore, a level playing field within the chemical industry,” Christoph Jäkel, vice president of corporate sustainability at BASF, said in a press release.
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