CarbonChain’s methodologies are re-validated by SGS as aligned with the Greenhouse Gas Protocol

CarbonChain is proud to have received third-party validation for its latest Corporate Carbon Footprint Accounting and Reporting Methodology (Version 1.0) and Product Carbon Footprint Accounting and Reporting Methodology (Version 2.0, and additional sector-specific methodologies for Oil & Gas, Transport, and Metals & Minerals).

SGS, a world leader in testing, inspection and certification services (TIC), has independently reviewed and validated these methodologies as aligned with global carbon accounting standards – specifically, the GHG Protocol Corporate Accounting and Reporting Standard and the GHG Protocol Product Life Cycle Accounting and Reporting Standard. Validation – in March 2024 and September 2024  respectively. 

CarbonChain believes that it is the first carbon accounting platform in the world to enable manufacturers and commodity traders to calculate their emissions using third-party validated methodologies for both Corporate Carbon Footprints (CCFs) and Product Carbon Footprints (PCFs).

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Why is validation important?

Manufacturers and commodity traders who use third-party software to measure and track their commodity carbon footprints need assurance that their calculations are grounded in best practice. Independent validation of CarbonChain's latest methodology is an important marker of credibility for customers’ internal and external emissions reporting.
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CarbonChain's commitment to accuracy

CarbonChain is building the most accurate carbon accounting platform for metal and energy supply chains. In addition to a validated methodology, we use robust independent emission databases to close data gaps, especially where direct supplier data is unavailable, and we continuously improve the accuracy of these emission factors. As part of our latest product release, CarbonChain’s expert in-house carbon accountants and data analysts have refined the asset-level emissions data for key metals. 
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Who can use CarbonChain? 

CarbonChain is purpose-built for energy and metal supply chains. Manufacturers, commodity traders and their banks use CarbonChain’s platform to automate their carbon accounting, in order to measure, report and set targets for their emissions. Learn more about how companies are using CarbonChain, including Societe Generale, thyssenkrupp Materials Services, Rabobank, Concord Resources, IXM and Gunvor Group.

‍Note: this validation supersedes the previous assurance in 2022 undertaken by Bureau Veritas and SGS.