As part of the joint initiative “Together for Sustainability” (TfS), 37 companies from the chemical industry, including BASF, have agreed on a global guideline for calculating product carbon footprints (PCFs). Product carbon footprints are an important information for steering emissions in the value chain.
The new TfS Guideline for Product Carbon Footprint provides specific calculation instructions for emissions from “cradle-to-gate” for chemicals. It harmonizes PCF calculation approaches across the industry and is applicable to the vast majority of chemical products. In the future, this will allow companies in several industries using chemicals and the wider market to directly compare and assess the climate impact of products.
Please find the complete news release here.