Achieving Net Zero Emissions needs more than just commitments. Companies in Indonesia’s private sector are playing the key role in mobilizing the movement through real climate actions. One of them is BASF, who will be present at the Indonesia Net Zero Summit 2022: Industrial Decarbonization at all Cost, which will be held in Bali on November 11, 2022. The chemical company will be present to showcase the climate actions they are taking to build a low-carbon economy and a climate-resilient future.
As part of “Together for Sustainability” (TfS) initiative, 37 companies from the chemical industry, including BASF, have agreed on a global guideline for calculating product carbon footprints (PCFs). Scope 3 greenhouse gas (GHG) emissions constitute a major share of a chemical company’s emissions. Calculating the carbon footprint of products provides the best product-level information for identification, tracking and reducing scope 3 GHG emissions in the industry.
The new guideline provides specific calculation instructions for emissions from “cradle-to-gate” for chemicals. It harmonizes PCF calculation approaches across the industry and is applicable to the vast majority of chemical products. This will allow companies in several industries using chemicals and the wider market to directly compare and assess the climate impact of products.
To learn more about BASF’s involvement and commitment to the TfS initative, you can read the article here.
BASF is one of the leading companies in the national net zero movements who supports the Indonesian Net Zero Summit 2022. Agus Ciputra, President Director of BASF Indonesia, will be present at the summit as a panelist for the first panel discussion, “Value Chain Decarbonization.”