OPTCHAIN CARBON TRACKING FEATURES
OPTEL’S APPROACH TO CARBON TRACKING
MAKE AN INVENTORY
- Calculate Scopes 1, 2 & 3.
- Model your product life cycle or organization’s emissions.
- Identify potential hotspots.
CONDUCT REDUCTION SCENARIOS
- Identify your best options to reduce emissions.
SET TARGETS AND ENGAGE STAKEHOLDERS
- Develop emission reduction scenarios aligned with international and science-based targets (SBTi).
- Secure commitment and onboard your supply chain stakeholders.
EXECUTE AND MONITOR
- Execute your emission reduction portfolio.
- Accurately measure your performance using a carbon footprint platform.
DISCLOSE AND OFFSET
- Disclose your carbon footprint according to best practices of the industry.
- Offset your carbon emissions using a suitable business model.
OPTCHAIN CARBON TRACKING BENEFITS
Through the Optchain Carbon Tracking Solution, we empower our clients to:
- Effortlessly gather data from diverse and disparate sources, including suppliers
- Rapidly and efficiently onboard suppliers
- Seamlessly integrate with your current IT systems
- Precisely, transparently, and continuously calculate your carbon footprint, encompassing both product and organizational levels
- Gain comprehensive insights into products, including their origins, manufacturing processes and its potential for reuse
- Easily prove compliance with all types of regulations
- Establish and monitor targets for carbon reduction
- Conduct carbon footprint simulations based on forecasting data.
NEED TO REPORT AND COMPLY WITH THESE REGULATIONS AND STANDARDS? OPTEL CAN HELP.
Carbon Tracking Solution
powered by OPTEL’s traceability technologiesREAD OUR RECENT CARBON TRACKING ARTICLES
The EU’s Carbon Border Adjustment Mechanism (CBAM) Regulation
To counter carbon leakage, the EU officially published the Carbon Border Adjustment Mechanism (CBAM) on May 16, 2023. CBAM is a tariff imposed on imported goods based on their carbon footprints.
What Are Scope 3 Emissions?
“Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly affects in its value chain” (EPA, 2023).
EU Corporate Sustainability Reporting Directive
The Corporate Sustainability Reporting Directive (CSRD) was published in the the Official Journal of the European Union on December 16, 2022. It requires certain companies to provide reports on sustainability-related matters, in line with a set of standards.