Dual Carbon Solutions for Chemical Manufacturing Industry
Industry background
The chemical industry is one of the sectors with high carbon emissions in China and is also a key focus for energy conservation and emissions reduction. Within the chemical industry, there is a globally significant initiative that focuses on the procurement of the chemical supply chain. In 2011, six companies - Bayer, BASF, Clariant, Evonik, Henkel, and Solvay - jointly launched the Together for Sustainability (TfS) initiative. This initiative aims to standardize sustainable supply chain practices in the chemical industry and is committed to improving the sustainability performance of chemical companies and suppliers. TfS certification is highly important for both chemical companies and their supporting enterprises.
Analysis of pain points in the entire industry chain
Core pain points of upstream and midstream suppliers:
- Lack of knowledge on how to undergo TfS assessment and audit, and failure to conduct carbon footprint assessment and certification.
- Products are mainly exported to the EU, but lacking knowledge on CBAM declaration.
- Desire to conduct carbon footprint verification, but lacking the capability to understand their carbon footprint.
- Unable to independently complete the submission of enterprise greenhouse gas emission reports and verification required by the government.
- Desire to reduce carbon emissions, but lacking implementation measures for carbon reduction.
Downstream manufacturers may face the following challenges:
- Incomplete carbon disclosure, lacking key data (especially in Scope 3)
- Uncertainty on how to set scientifically and reasonably carbon reduction targets and measures
- Aspiring to build a green supply chain, but lacking the capability to manage upstream carbon emissions compliance effectively
- Desire to monitor upstream enterprise carbon emissions in real-time but lacking necessary digital technology
We offer the following assistance
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Support with the TfS sustainable procurement and audit.
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Completing CBAM declarations
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Obtaining authoritative carbon footprint and carbon neutral certificates
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Achieving carbon neutrality goals (e.g., SBTi)
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Promoting low-carbon products and brands
Our Services
CarbonNewture provide a variety of solutions addressing market compliance requirements and pain points in emission reduction along the industrial chain.
Carbon Footprint of Product
By conducting a Product Carbon Footprint assessment, enterprises can accurately quantify the greenhouse gas emissions throughout the entire lifecycle of a product, identify the primary sources of carbon emissions, and optimize decarbonization processes and supplier management based on this information.
Carbon Neutrality of Product
Achieving Product Carbon Neutral is a crucial step in meeting carbon neutrality goals and serves as an excellent means to communicate the company's efforts in carbon reduction to downstream enterprises and consumers.
Corporate GHG Inventory
Carbon inventory is the foundation and basis for enterprises to establish scientifically sound carbon goals and implement carbon reduction measures. CarbonNewture assists enterprises in quantifying and tracking greenhouse gas emissions, formulating emission reduction strategies, continuously monitoring the achievements of emission reduction, and ultimately achieving carbon goals.
Supply Chain Emissions Reduction
Enterprises demonstrating excellence in addressing climate change have incorporated supply chain emissions reduction into their carbon goals. CarbonNewture assists enterprises in quantifying and managing supply chain carbon emissions, enabling better strategic decision-making and achieving supply chain carbon reduction objectives.
Carbon Border Adjustment Mechanism (CBAM) service
CarbonNewture provides professional, compliant, and efficient CBAM reporting services, helping you effortlessly navigate trade barriers and mitigate potential carbon risks.
Together for Sustainability Initiative (TfS )
TfS is one of the most influential initiatives in the chemical industry, proposed by six chemical giants including BASF. It requires their suppliers to undergo sustainable procurement audits, with the carbon footprint of supplied products being a mandatory component.
Customer stories
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Chemical raw materials and chemical products manufacturing
Zibo Luhua Hongjin New Materials Group
As a core supplier to a Fortune Global 500 chemical enterprise, Luhua Hongjin actively responds to the 'TfS' initiative in the chemical industry. Leveraging Carbon Newture's comprehensive carbon neutral solution, the company rapidly completed carbon footprint calculations for multiple core chemical products.
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Chemical raw materials and chemical products manufacturing
Dow Inc.
Dow Chemical officially announced its "Climate Protection" goals in 2020, committing to accelerate collaboration with suppliers, customers, and value chain partners to ensure the company's ecosystem achieves carbon neutral by 2050. The plan involves tracking the climate impact of the supply chain and exploring opportunities for joint decarbonization with suppliers.
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Chemical raw materials and chemical products manufacturing
Jiangsu State Farms Biochemistry Co., Ltd.
Jiangsu State Farms Biochemistry Co., Ltd. (SF Biochemical), as a core supplier to BASF, actively responds to BASF's Supplier Carbon Management Program, collaborating to enhance transparency in the carbon emissions associated with externally purchased raw materials. CarbonNewture utilizes digital tools to calculate the carbon emissions of SF Biochemical's production of soluble granules of Thiamethoxam and collaborates with authoritative organizations to issue certification.
