SABIC launches pilot blockchain project to advance emissions tracking & reductions across value chains

20 Jul 2023

SABIC, a global leader in the chemicals industry, has launched a pilot project with Circularise, a blockchain software provider, to evaluate the use of their technology in tracing the carbon footprint of specific material streams from end to end. 

Generating and reporting Scope 3 emissions is notably complex and confronted by challenges with availability of reliable data. Accurate data on a company’s carbon footprint requires collaboration and data sharing across multiple value chain partners. Blockchain technology has emerged as a potentially efficient solution to improve the process that can bolster transparency and accountability while minimizing risk across supply chains. 

Continue reading on Sabic corporate website. 

#blockchain  #emissions  #scope3  #carbonfootprint