iPoint and BASF are collaborating on the topic of carbon footprint to drive the standardized calculation of product carbon footprints in the chemical industry. Based on BASF's learnings while implementing product carbon transparency for its portfolio, iPoint will offer chemical and process companies powerful tools to collect and report data on their products’ specific carbon footprint. Such product-specific data, which can be used and shared across complex value and supply networks, form the basis for Digital Product Passports (DPPs).
iPoint and chemical company BASF are collaborating to offer a software for the standardized calculation of product-related CO2 emissions. Chemical and process companies can now use the iPoint Product Sustainability life cycle analysis (LCA) software for industry-specific Product Carbon Footprint (PCF) calculations and reports across the whole supply chain, using a standardized way to collect and interpret data based on BASF's methodological expertise. This lays the foundation for a Digital Product Passport as demanded in the "European Green Deal" and the "European Union's Circular Economy Action Plan" for chemical products.
The chemical industry is committed to reaching the goal of carbon neutrality until 2050. In Germany for example, the sector already managed to reduce its emissions by 48 percent from 1990 to 2017. But reaching climate neutrality requires further efforts. Above all, transparency is required as a sound basis for decision-making, making cradle-to-gate PCF data a necessity for the industry. Since existing standards can be interpreted and applied in different ways, BASF has created a proprietary digital solution with a standardized and automated PCF calculation approach specific to its sector and had this solution certified by TÜV Rheinland. To level the playing field in the industry as far as possible, BASF shares this digital solution and its underlying method with IT partners such as iPoint and thus makes it available for all interested industry players.
“iPoint’s extensive experience of over 20 years in providing digital solutions for product sustainability and our ability to support Digital Product Passports, combined with the industry-specific standards established by BASF, means that companies in the chemical and process sector will benefit from a highly reliable and accurate PCF solution that is recognized by one of the industry’s biggest players”, emphasizes Joerg Walden, CEO and founder of iPoint-systems. “We are excited to support the chemical industry on its way to carbon neutrality through this cooperation.”
"By working together with iPoint, we can establish a standardized approach to calculating and reporting PCFs in our industry," states Alessandro Pistillo, Director Digital Strategic Projects at BASF. "Chemical companies can more easily achieve their climate and sustainability goals through transparency regarding their product carbon footprints."
