EcoVadis Launches Product Carbon Footprint Data Exchange to Transform Collaborative Decarbonization Initiatives

⇨ EcoVadis, the leading provider of business sustainability ratings, has introduced the EcoVadis Product Carbon Footprint (PCF) Data Exchange, into its Carbon Action Module (CAM) to enhance the traceability of Product Carbon Footprint (PCF).

⇨ The PCF Data Exchange transforms carbon reduction strategies by addressing a critical challenge: accurately reporting greenhouse gas (GHG) emissions for specific products and services within the supply chain.

⇨ With Product Carbon Footprint, organizations can track emissions on a product-by-product basis with accuracy and get the data necessary to pinpoint effective and targeted reduction measures at the product level, fostering more informed and impactful environmental strategies.

EcoVadis, the leading provider of business sustainability ratings, has introduced the EcoVadis Product Carbon Footprint (PCF) Data Exchange, into its Carbon Action Module (CAM) to enhance the traceability of Product Carbon Footprint (PCF) throughout its extensive supply chain network, out of which, 40,000 suppliers are actively participating in carbon reduction initiatives.

The PCF Data Exchange transforms carbon reduction strategies by addressing a critical challenge: accurately reporting greenhouse gas (GHG) emissions for specific products and services within the supply chain. This innovative approach transforms how organizations collaborate with their trading partners on the path to decarbonization.

Traditionally, suppliers assessing their carbon impact report their total emissions, which can be challenging for buyers who require a clear understanding of the emissions associated with their individual purchases from a supplier’s diverse array of offerings. PCF Data Exchange addresses this by offering detailed insights into the GHG emissions associated with individual products throughout their lifecycle, aligning with the global standards for product-level emissions accounting set by the Partnership for Carbon Transparency (PACT).

This empowers organizations to transition from relying on broad industry averages to leveraging accurate, product-specific emissions data, marking a significant advancement in Scope 3 emissions precision. With PCF, organizations can now track emissions on a product-by-product basis with accuracy, year over year. This capability equips businesses with the data necessary to identify effective and targeted reduction measures at the product level, fostering more informed and impactful environmental strategies.

Refining the product carbon footprint data is pivotal in advancing carbon intelligence. This data is not just a marker of progress; it is a catalyst for transformation, allowing entities to refine their sustainability strategies with granular emissions insights. By engaging with the PACT Collaborator network, the EcoVadis PCF Data Exchange emerges as a powerful tool, harnessing the robust PACT Pathfinder Framework along with its underpinning global standards. This empowers EcoVadis to extend substantial benefits to its clients — chiefly, fostering enhanced emissions transparency. Additionally, it facilitates seamless integration and sharing of credible product carbon footprint intelligence, fostering cross-sectoral, multi-tier supply chain collaboration, and engaging a broad spectrum of stakeholders in the vital quest for environmental stewardship.

Read more about EcoVadis’ Carbon Action Module here.