CRU launches analysis tool for metals and fertilizer GHG emissions data
Published by Pippa Luck,
The global mining, metals and fertilizer business intelligence company CRU Group has announced the launch of its emissions analysis tool.
CRU data in this service is calculated according to the GHG ‘Protocol Corporate Accounting and Reporting Standard’. It differs from the self-published emissions by asset owners only because it is completely standardised and comparable across assets. While asset owners’ individual reporting requirements or preferences lead to reported numbers lacking absolute comparability from one to another, CRU provides an independent like-for-like assessment across the board. CRU’s data set allows for impartial benchmarking by bringing transparency and comparability.
Such data allows for governments, industry, financial and consumer bodies to benchmark and make informed data-driven decisions as the global challenge of decarbonising commodities comes to the fore.
CRU has been evaluating emissions data alongside costs of production since the European Union ‘Emissions Trading Scheme’ was launched on New Years’ Day in 2005. Its data set has since been extended to encompass all major steel and aluminium-producing assets globally, covering 1100 assets and an estimated 3 gigatons, or 5 – 6% of Scope 1 and 2 global greenhouse gas (GHG) emissions. Although some important Scope 3 categories are included, copper, nickel and nitrogen fertilizer coverage will also be added. The data matters as miners, metals and fertiliser producers work with their stakeholders to rise to the collective challenge of decarbonising their supply chains, tackling climate change and adhering to ESG standards.
Lavan Mahadeva, Research Director at CRU, said: “There are so many complex components and ways of aggregating data that, though highly accurate, the basis of reported emissions can differ significantly. That has generated the need for like-for-like, plant-by-plant and even process-by-process comparisons for greenhouse gas emissions that enable industry participants to more clearly plot their path to decarbonisation, evaluate peers and supply chain partners. As sustainability and emissions reduction are pushed by governments around the world ahead of COP26, the CRU data are well placed inform that global endeavour.”
Chris Houlden, Head of Analysis at CRU, added: “Mining, metals and fertilizer industries are interconnected and essential, but decarbonising challenges remain significant. In rising to these, producers and their stakeholders will need to reference a granular and standardised data set that aids both policy- and decision-making. This information gap through supply chains is one CRU can fill now. As we look to prioritise decarbonisation it is vital to start with transparent data and to use it constructively to facilitate change.”
Read the article online at: https://www.worldfertilizer.com/product-news/16022021/cru-launches-analysis-tool-for-metals-and-fertilizer-ghg-emissions-data/
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