Chee Kong Chung, managing director of Smart Tradz Pte Ltd, outlined The Practical Way to Jumpstart and Sustain Product Carbon Footprint Reporting and Analysis for the Lubricants Industry during the ALIA Seminar on Sustainability in the Lubricants Supply Chain. Smart Tradz is an end-to-end digital and carbon emission management platform powered by artificial intelligence, blockchain, cloud and IoT technologies. Chung summarised a wide range of industry, regulatory and stock exchange greenhouse gas (GHG) reporting requirements, each involving a different level of carbon footprint models and granularity. Understanding and managing product-related GHG risks helps companies to ensure long-term success in a competitive business environment and to future proof for regulatory change. There is a need for product carbon footprints (PCF) to meet the expectations of customers.
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