Major chemical companies including AkzoNobel, BASF and Eastman Chemical, working with the World Business Council for Sustainable Development, have published a guide to help chemical industry customers and stakeholders use more sustainable products.
The guide, Life Cycle Metrics for Chemical Products, is the result of a collaboration between leading chemical companies that are part of the WBCSD’s Reaching Full Potential project. In addition to the three companies listed above, member companies and partners include: DSM, Cefic, Evonik Industries, Henkel, SABIC, SCG Chemicals Company, Solvay and Mitsubishi Chemical Holdings Company, supported by PricewaterhouseCoopers.
Focused on life cycle assessment methods, a key objective of the new guide is to provide and communicate material information about the environmental footprint of products that customers and stakeholders can compare.
The new guide is the third publication from the Reaching Full Potential group, following Guidance for Accounting and Reporting Corporate GHG Emissions in the Chemical Sector Value Chain and Addressing the Avoided Emissions Challenge.
Last month AkzoNobel and Photanol partnered to create technology that mimics the way plants use photosynthesis with a goal of producing “green” chemical building blocks that will eventually replace raw materials AkzoNobel currently obtains from fossil-based production.