CarbonChain and thyssenkrupp Materials Services launch new solution for low-carbon metals procurement

London, 29 January 2024: thyssenkrupp Materials Services and CarbonChain announce partnership to advance low-carbon procurement with new carbon traceability and intensity tool.

• Suppliers and customers of thyssenkrupp Materials Services’ European materials distribution units can now access on-demand product carbon footprints
• Digital solution will provide carbon reports to inform better decision-making for low-carbon procurement
• Comprehensive “cradle-to-customer” calculations inform decarbonisation strategies across the supply chain

Powered by CarbonChain’s industry-leading carbon accounting software, thyssenkrupp Materials Services is enhancing its product carbon footprinting capabilities. The initiative sees an innovative traceability and carbon intensity tool rolled out to customers and suppliers of thyssenkrupp Materials Services’ distribution units Materials Eastern Europe as well as Materials Western Europe.

The collaboration aims to strengthen industry standards for emissions transparency and data quality, providing more accurate carbon intensities faster. The tool will use asset-specific emissions factors and activity-based methods, instead of relying on global averages. This allows customers who are seeking lower-carbon materials to easily identify,
compare and select them, while leveraging this data to build sustainable procurement strategies to achieve their net-zero goals.

CarbonChain’s comprehensive metals emissions database will be enriched with primary data from thyssenkrupp Materials Services’ suppliers, covering steel, stainless steel, aluminium and other metals. Globally these metals are responsible for around 12 per cent of the world’s greenhouse gas emissions, yet there is significant variation and emissions reduction potential. For instance, the carbon intensity of one tonne of primary aluminium can be as little as 3 tonnes of carbon dioxide equivalent (CO 2 e), or more than 28 tonnes of CO 2 e, depending on the carbon intensity of the energy sources used and the type of production process.

thyssenkrupp Materials Services’ product carbon footprint reports will be provided on request, quote or delivery, and detail emissions breakdowns by lifecycle stage and source, offering clear insights into carbon hotspots and encompassing all greenhouse gas emissions from the point of origin till the gate of the customer.

Jörg Heiles, CEO Operating Unit Materials Eastern Europe said:

“thyssenkrupp Materials Services is committed to driving carbon transparency in the metals industry. Our enhanced product carbon footprint calculator will provide full supply chain transparency and intensity calculations, so that procurers can make more sustainable choices and prepare for carbon regulations that are spreading
through metal supply chains.”

Adam Hearne, CEO and Co-founder of CarbonChain, said:

“Procurers can’t meet their net-zero targets without knowing the carbon footprint of the goods they buy. Meanwhile, metals producers who are decarbonising their industrial processes are facing barriers to quantifying and reporting their emissions reductions. thyssenkrupp Materials Services and CarbonChain are uniquely placed to bridge this gap and provide on-time, quality data for carbon-informed trade.”