Tuesday, January 25, 2022, 1:53 p.m.
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2353 readings
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Companies committed to accelerating the transition to a zero-carbon economy are already proposing software solutions that can establish the carbon footprint of commercial products so that consumers can buy them knowingly.
Therefore, the population will actively participate in reducing carbon dioxide emissions by purchasing products with the lowest possible carbon footprint.
At the World Forum in Davos, the leaders of the top companies are exploring various solutions that will help the transition to zero net carbon emissions.
Surprising new approaches
Tackling climate change will require new thinking and approaches, we will need a series of innovative approaches and solutions that can scale the impact to quickly transform a future without fossil fuels, according to new material published in the Davos Agenda.
Leaders of top companies are exploring solutions and approaches that will help make the transition to zero, including some that may come as a surprise.
To protect the climate, we need to adapt to the way we travel, heat our homes, eat, or make purchasing decisions.
But understanding how our actions can have an impact is not always easy.
Despite ISO standards, there are not enough standardized specifications to determine the carbon footprint of products (PCF) for individual products. In the absence of such detailed rules, the PCFs of the same products from different companies cannot yet be fully compared.
Therefore, new ways, technologies and approaches are required in connection with the way we will scale the changes and how we will make real progress for the climate action, states the quoted source.
BASF’s innovation
Thus, to help customers better understand the impact of choosing one product over another, BASF has developed a powerful digital solution to calculate a product’s carbon footprint (PCF) throughout the manufacturing / production process. for the company’s 45,000 products.
Calculating PCFs for chemicals is complex but feasible – with the help of reliable emission data, an unbiased calculation methodology and a powerful digital solution. The data also provide insights that help identify potential for reducing emissions, say BASF.
In essence, industries will need to align with common methodologies, and manufacturers will need to embrace the principle of sharing the carbon footprint of their products with their partners along the value chain.
Licenses to software houses
BASF’s digital solution is available on the market, by licensing software companies, to help other companies determine the carbon footprint of their products and better understand their emission factors.
At the same time, BASF is actively involved in many industrial and inter-industry consortia to promote alignment with a common life-cycle assessment methodology, as well as to establish data exchange mechanisms and platforms.
Because only with the right information at hand can effective measures be taken, say those at BASF.
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