How the chemical sector is sparking a change in carbon accounting
Together for Sustainability (TfS) (1)– a global chemical industry initiative – and its 50 member companies are driving a shift in carbon accounting methodologies within the chemical industry. In its first ever White Paper (2), TfS identifies three areas for improvement: including biogenic carbon accounting, mass balance as a transitional mechanism and the use of recycled materials. These recommendations aim to incentivise the adoption of sustainable practices within the industry, and push for a recalibration of existing carbon accounting standards.