EcoVadis has introduced the EcoVadis Product Carbon Footprint (PCF) Data Exchange into its Carbon Action Module (CAM) to unlock PCF tracking across its network of suppliers. PCF Data Exchange overcomes a key barrier to carbon reduction strategies – reporting GHG emissions for the actual products and services purchased across the supply chain – and helps change the way organizations engage on a decarbonization journey with their trading partners.
Most suppliers who begin to measure carbon emissions start by reporting their overall carbon footprint. However, they often serve multiple customers with a wide range of products and services. This creates a challenge for buyers: they lack precise enough data to know which portion of the supplier’s emissions relate to their specific purchases. PCF solves this by specifying more precisely the greenhouse gas emissions generated by a product over the different stages of its life cycle. EcoVadis’ PCF solution follows the global standard for product-level emissions accounting and exchange as defined by the Partnership for Carbon Transparency (PACT).
The partnership enables organizations to shift from industry averages to precise, actual emissions data tied to their product mix. A giant leap forward in Scope-3 accuracy, PCF enables precise year-over-year emissions tracking, empowering organizations to identify practical and specific reduction steps at the product-level.
As a PACT Collaborator, the EcoVadis PCF Data Exchange solution uses the PACT Pathfinder Framework and the globally recognized standards it is built upon. PCF Data Exchange is part of the EcoVadis Carbon Action Module, a solution designed to build supplier carbon maturity, a prerequisite to start reporting on PCF. CAM scorecards and tools measure, benchmark and help suppliers build knowledge and management capacity, from “Beginner” and “Intermediate” all the way up to the “Advanced” or “Leader” levels needed to start reporting PCF. It also encourages suppliers to adopt best practices such as life-cycle assessments (LCA), setting science-based targets, public reporting through CDP, and more.
