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-CarbonChain Comply launched: major upgrade to carbon reporting SaaS for metals and energy
CarbonChain introduces new emissions reporting solution for mandatory and voluntary disclosure, advancing its specialized carbon accounting platform for commodity supply chains
LONDON, April 10, 2024 /PRNewswire/ — CarbonChain, an AI-powered carbon accounting platform that provides businesses with end-to-end visibility into supply chain emissions, announces the launch of CarbonChain Comply, a Major platform update that takes carbon reporting to the next level of speed and ease.
CarbonChain Comply offers a comprehensive solution for companies within the metals and energy supply chains that are grappling with monumental regulatory changes around carbon emissions and growing stakeholder demand for transparent and accurate disclosure.
The new one-stop shop for carbon reporting enables sustainability leaders, compliance managers and procurement directors to streamline and satisfy every key disclosure request, regardless of format or framework.
Adam Hearne, CEO and co-founder of CarbonChain, explained:
“Manufacturers and retailers are overwhelmed by the complex carbon reporting landscape and inconsistencies between frameworks and requirements. Industries facing some of the biggest challenges arising from carbon disclosure do not have sufficient clarity on how and what inform”.
“We are changing that today. With CarbonChain Comply, our customers will know exactly what is expected of them and will be able to do so with confidence.”
CarbonChain Comply is part of the London-based company’s Spring 2024 product launch and includes three major updates:
Carbon Reporting Center:
With a new centralized hub, CarbonChain users can automatically generate standard product carbon footprints and corporate emissions reports aligned with the Greenhouse Gas Protocol. This includes scope 1-3 corporate carbon footprints using a methodology independently validated by SGS. The new streamlined solution enables businesses to easily and confidently report on regulations such as EU CSRD and UK SECR, as well as voluntary frameworks such as CDP.
CBAM Compatibility:
CarbonChain Comply introduces customized features for importers of aluminum, steel, iron and fertilizers affected by the European Union Carbon Border Adjustment Mechanism (EU CBAM), including customs declaration validation and automated generation of XML files.
Supplier participation module:
CarbonChain users can now easily exchange data with suppliers to support product lifecycle and Scope 3 emissions calculations, crucial for CBAM compliance and broader sustainability reporting.
CarbonChain’s new reporting features are powered by its robust carbon accounting platform. Unlike “one-size-fits-all” solutions, CarbonChain is designed specifically for energy and metals supply chains, generating a complete picture of emissions from the transaction level using activity-based emission factors.
Notes to editors:
About CarbonChain
CarbonChain enables businesses to make climate-conscious decisions to accelerate action towards a net zero economy. Its AI-based carbon accounting platform automates emissions tracking with accurate asset-level data for carbon-intensive supply chains. CarbonChain uses a validated and verified methodology, is a CDP accredited solutions provider and a proud member of ResponsibleSteel, Aluminum Stewardship Initiative, Minor Metals Trade Association and Aluminum Federation. In 2023, CarbonChain raised $10 million to support its continued expansion of carbon footprint technology, with a primary focus on Scope 3 and supply chain emissions. www.carbonchain.com
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