Leveraging Siemens’ advanced SiGREEN technology, the innovative solution is designed to transform how chemical companies calculate, track and exchange emissions across their supply chains. Supply chain transparency, enhanced by the solution’s ability to integrate with other networks like WBCSD PACT and Catena-X, is expected to promote collaboration across industries and to support the global shift towards decarbonization.

TfS believes that the PCF Exchange solution will accelerate industry-wide transparency and enable companies to achieve their greenhouse gas (GHG) reduction goals, supporting the broader global effort to combat climate change.

According to TfS, the PCF Exchange solution addresses one of the chemical industry’s most pressing challenges: managing Scope 3 emissions, which account for the majority of a company’s carbon footprint. The platform provides a secure and efficient method for tracking and exchanging product-level emissions data. This data exchange will allow companies to request detailed carbon information from suppliers, streamlining the process of calculating PCFs for multiple materials across complex global supply chains.

Jennifer Jewson, president of TfS and chief procurement officer at LyondellBasell, said: “The PCF Exchange solution, together with our established PCF guideline and white paper, equips TfS members and suppliers with the necessary tools to generate accurate, consistent data and seamlessly exchange it. This marks a significant step forward in helping the industry reduce Scope 3 GHG emissions with greater transparency and precision.”

Maria Valentina Giraldo Martinez, co-chair of the TfS Workstream ‘GHG Scope 3 Emissions – Data Collection and Sharing’ and LCA manager at IFF, commented: “The PCF Exchange solution marks a pivotal moment for the chemical industry. For the first time, companies will have a reliable, standardized platform to manage carbon data from across their supply chains. By facilitating the secure exchange of carbon data, this solution is not just improving how the industry manages emissions; it’s enabling proactive steps towards transparency.”
 

The PCF Exchange solution addresses three critical challenges in calculating PCFs, TfS said:

• Scale: The solution allows companies to request and exchange emissions data on a large scale, enabling simultaneous data requests from multiple suppliers, which reduces processing time and error.
• Comparability: By using a standardized PCF Guideline, the solution ensures consistent and comparable carbon footprint calculations across the sector, helping businesses identify where improvements can be made.
• Connection: The platform offers a secure, collaborative environment where supply chain data is exchanged with confidence. Siemens’ SiGREEN technology ensures that emissions data remains accurate and unaltered throughout the process. In addition, users will have the opportunity to feedback and influence the development of the underlying technology.

This level of innovation is crucial to addressing the current maturity gaps in carbon data exchange across the chemical industry, particularly in global regions with varying levels of sustainability adoption.

Gunter Beitinger, senior vice president Manufacturing, head of Factory Digitalization and head of Product Carbon Footprint at Siemens, said with respect to the company’s SiGREEN technology: “Its robust security and compliance with global privacy regulations make it a reliable platform for companies to confidently exchange emissions data and integrate it into their greenhouse gas accounting systems.”

Though initially designed for the chemical sector, TfS said that the solution has the potential to benefit other industries, from adhesives to automotive, medical to manufacturing, further amplifying its environmental impact. TfS will be providing training and onboarding sessions through the TfS Academy to help members and their suppliers adopt the new platform, building global capacity for sustainability.