LG Chem has received certification for its Product Carbon Footprint (PCF) calculation method from the global testing organization TUV Rheinland.
The move is in response to the growing demand for low-carbon products from global customers and pertinent certification information.
PCF is the value of carbon emissions generated in the entire process of product production, including raw material extraction, processing, transportation, and manufacturing, expressed in product units (1kg, 1m, 1EA, etc). The assessment method follows the international standard (ISO 14067:2018), and includes mandatory criteria such as data collection and calculation methods, and impact assessment.
Through this certification, LG Chem has secured the reliability of its Product Carbon Footprint assessment process, which includes advanced materials and petrochemical products, that it has been independently calculating since 2021, the company said in a press release.
LG Chem plans to implement the Product Carbon Footprint system for products produced at all domestic and international sites by 2025 and continually enhance its capabilities. The certification will help LG Chem to capture the low-carbon and eco-friendly product market.
The company plans to apply the certified PCF method to its internally developed product carbon footprint automation system called Carbon footprint Analysis & Management Platform (Camp). Camp minimizes human errors by selectively extracting necessary data from existing in-house systems such as Enterprise Resource Planning (ERP) without requiring additional input. Moreover, it efficiently assesses reliable Product Carbon Footprint within a short timeframe based on internationally certified methods, enabling proactive responses to the needs of global customers.
