CRU Launches Independent GHG Emissions Data Tool

The Biden administration immediately began its efforts toward lowering GHG emissions by re-joining the Paris Agreement, an international treaty on climate change, and signing executive orders calling for a review of current environmental rules, including standards for vehicle fuel economy and methane emissions. These efforts, according to CRU’s analysts, will only bear fruit through data-driven conversations between producers and their investors, as well as buyers and government agencies. As the analysts said, the need is both commercial and societal, for enterprises to both do well and do good, when it comes to saving the environment.

The new CRU Emissions Analysis Tool is helpful to decode the issues and understand the commercial impact of emissions. In the webinar, they focused on GHG emissions in the steel and aluminum value chain, mining raw materials, steel and metalmaking and upstream end-users. All the data that is gathered, calculated, derived, and analyzed in this one-of-a-kind service is done so according to the GHG Protocol Corporate Accounting and Reporting Standard, and therefore is completely standardized and comparable across assets. It provides absolute comparability across asset owners, thus allowing for impartial benchmarking by bringing transparency and comparability to the analysis, the CRU experts said.

“There are so many complex components and ways of aggregating data that, though highly accurate, the basis of reported emissions can differ significantly,” said Mahadeva, CRU’s Research Director. “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 decarbonization, and 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 to inform that global endeavor.”

CRU has been evaluating emissions data alongside costs of production since the EU Emissions Trading Scheme was launched on Jan. 1, 2005. Its data set has since been extended to encompass all major steel and aluminum-producing assets globally, covering 1,100 assets and an estimated 3 gigatons or 5-6% of Scope 1 and 2 global GHG emissions in 2020. That is a massive footprint and a significant challenge. Such data allows for governments, industry, financial and consumer bodies to quickly and confidently benchmark and make informed data-driven decisions as the global challenge of decarbonizing commodities comes to the fore, CRU said.

CRU is offering personalized demos and limited free trials of the new Emissions Analysis Tool.  Click here to speak to their team.