How do we ensure credibility?
Company credibility, in any claims, are important to us, and therefore we take several measures to ensure our savings are credible.
- We provide a record of all project savings which have entered the carbon bank. The bank is available to our external verifier to ensure that the carbon credit inflow and outflow is balanced. Additionally, we share project information and data to ensure the savings are credible and in line with our rules and accounting standards.
- To prevent double accounting, project savings can only be added to our carbon bank if they are not already included in published Environmental Product Declarations/Profiles (EPD's) for upstream manufacturing of crude steel.
How to process Carbon Lite declarations
You can put CO2e reductions in your own bank based on your organisational emission baseline. Your carbon bank must have third party oversight and assurance in terms of inflow and outflow and handling of the carbon bank. Any sales from your carbon bank would be done under your own brand, with your own issued declarations and subject to your own third-party assurance process.
The CO2e tonnes reduced from the yield losses should remain connected to the product. For example: from 10 tonnes bought there is 1 tonne lost in processing yield losses. The CO2e tonnes reduced and stated on the declaration should be balanced across the remaining 9 tonnes to retain the connection to the product for the onward selling. This way you will be able to continue to pass on the reduction and charge for it.
How to report on Scope 3 level
You can lower your scope 3 emissions with our Zeremis products. You can do this through following the reporting protocol you adhere to and stick to the specific guidelines on scope 3 value chain interventions to know how to report our declarations.
It is up to you as a steel buyer on how you report your CO2e emissions as it differs per customer which standards they need to conform to in their industry, and which guidelines they follow for their reporting.
The certifiying body - DNV
Tata Steel IJmuiden commissioned DNV to undertake an independent limited assurance engagement for decarbonisation projects.
They check actual data after implementation, never theoretical data.
They check all certificates & statements made by parties we work with.
They check our carbon bank itself, so the inflow and outflow, to make sure we are not selling more than we are reducing CO2-emissions.
Single counting and selling
Our baseline is anchored to the data submitted to the Lifecycle Assessment process. This ensures there is no double counting between the numbers declared in our product EPD’s and EP’s and the CO2e tonnes offered through the Carbon Lite scheme. Not theoretical, only real, measured CO2e savings at an intensity level are eligible to be banked. We convert everything into CO2e per tonne for both the baseline period and the period post implementation to do this. The savings are then linked to a certain product (e.g. product type X), and savings done for a different product (e.g. product type Y) will not be able to be bought for type X, only for type Y. This ensures the customer buys CO2e savings that no one else can buy, making it unique to the customer.
Avoiding double accounting with EPD(s)
- Life Cycle Assessment (LCA) is a method used to calculate the total environmental burden of a product during its entire life cycle. For TSN this includes from raw materials all the way until the product is ready to be shipped to the customer.
- An Environmental Product Declaration (EPD) or Environmental Profile (EP) is a reporting tool we at TSN use to report the total environmental burden of a product during its entire life cycle.
- EPDs/EPs is calculated based on data from one year of operation and is updated every 5 years.
- In many instances EPDs/EPs are used by Tata Steel’s customers to account for the Scope 3 emissions. This creates a risk of double accounting if project savings are already integrated within the EPDs.
- Projects that were operational before and/or during the data collection timeframe are included in the new EPD/EP. This means their reduction savings will become part of the new baseline. Therefore, we do not include the reductions from these projects in the Zeremis carbon bank, to ensure that double counting is not possible.
- Other projects can still be added to the carbon bank when the new EPD goes live, as it was operational after the data collection period and their savings are therefore not part of the baseline emission intensity and is valid until the next EPD refresh.
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