The Carbon Trust and Credit360 have joined together to create a series of software solutions designed to allow companies to manage carbon emissions across the value chain.
Typically carbon footprinting only includes direct and indirect operational emissions, known as Scope 1 and 2 emissions under the Kyoto Greenhouse Gas Protocol. Value chain footprinting also includes Scope 3 emissions, which represent the full lifecycle, from both suppliers and consumers, including all use and end of life emissions.
The first product developed and available now through the collaboration is the Value Chain Hotspotter, which has been designed to enable companies to estimate carbon-intensive areas of their value chain. The tool covers seven Scope 3 categories.
There is clear evidence that having a robust carbon-management strategy across a corporate value chain can deliver significant rewards, Credit360 said in a release. These include improved brand equity, cost reduction, revenue enhancement and risk mitigation.
In many cases a true value chain footprint involves integration of information from suppliers, which needs to happen securely. Processing and modeling this level of data can be a drain on productivity and prove costly and resource intensive. The new software helps to automate the process and provides interfaces for gathering supplier data securely.
The release of the full Value Chain Reporting software platform is planned for autumn 2012. Credit360 says it will go beyond measurement and provide in-built capability to calculate, interpret and make recommendations on carbon reduction activities.
“Many companies are already stretching the capabilities of Excel to the limit and businesses need to have a reliable intuitive solution that can deliver the right level of business insight without the need for data management specialists,” John Whybrow, General Manager of the Carbon Trust Footprinting Company said.
Article published for Sustainable Life Media, August 6, 2012 by Bart King is a PR/marketing communications consultant and principal at Cleantech Communications.