thyssenkrupp Materials Services and CarbonChain are starting a partnership to advance low-carbon procurement with a new carbon traceability and intensity tool.
Powered by CarbonChain’s industry-leading software, thyssenkrupp Materials Services is expanding their ability to determine the carbon footprint of their products. The initiative will see the roll-out of an innovative traceability and carbon intensity tool to customers and suppliers of the thyssenkrupp Materials Services distribution units Materials Eastern Europe and Materials Western Europe.
The collaboration aims to strengthen industry standards for emissions transparency and improve data quality in order to provide more accurate carbon intensities, more quickly. Instead of relying on global averages, the tool will use asset-specific emissions factors and activity-based methods. This allows customers looking to use lower-carbon materials to easily identify, compare and select them while also leveraging this data to build sustainable procurement strategies in order to achieve their net-zero goals.
CarbonChain’s comprehensive emissions database for metals will be expanded using primary data from thyssenkrupp Materials Services’ suppliers, covering steel, stainless steel, aluminium and other metals. These metals are responsible for around 12% of the world’s greenhouse gas emissions, but there is significant variation and a great potential to reduce emissions. For instance, the carbon intensity of one tonne of primary aluminium can be as low as 3 tonnes of carbon dioxide equivalent (CO2e) or more than 28 tonnes of CO2e, depending on the carbon intensity of the energy sources used and the type of production process.
thyssenkrupp Materials Services will provide product carbon footprint reports on request, quote or delivery that detail emissions breakdowns by life cycle stage and source, offer clear insights into carbon hotspots and cover all greenhouse gas emissions from the point of origin to the customer’s premises.
Jörg Heiles, CEO Operating Unit Materials Eastern Europe, said:
“thyssenkrupp Materials Services is committed to driving carbon transparency in the metal industry. Our enhanced product carbon footprint calculator provides full supply chain transparency and intensity calculations so that procurers can make more sustainable choices and prepare for the carbon regulations that will increasingly affect metal supply chains.”
Adam Hearne, CEO and co-founder of CarbonChain, said:
“Procurers can’t meet their net-zero targets without knowing the carbon footprint of the goods they buy. Meanwhile, metal producers who are decarbonising their industrial processes face barriers if they want to quantify and report their reduction of emissions. thyssenkrupp Materials Services and CarbonChain are uniquely placed to bridge this gap and provide on-time, quality data for carbon-informed trade.”
