Overview ISO 14067
ISO 14067 specifies the principles, requirements and guidelines for the quantification and reporting of the carbon footprint of a product (PCF) and is consistent with life cycle assessment (LCA) Standards (ISO 14040 and ISO 14044). This Standard contributes to the UN Sustainable Development Goal 13 on Climate Change.
ISO 14067 only addresses a single impact category – climate change. Carbon offsetting and communicating the CFP or partial CFP information are outside its scope. It does not assess any social, economic or other environmental aspects and impacts that potentially arise from a product’s life cycle.
Many customers are looking to use their purchasing choices as a way to help protect the planet from climate change. Forward-thinking businesses are therefore measuring the carbon footprint of their products to enable consumers to make that choice, and at the same time gain a better understanding of their GHG emissions so that they can reduce them. Stakeholders, including investors and staff, are also driving companies to have effective measures in place with respect to ESG (environmental, social and corporate governance) issues, and verified PCF is an important step in reaching that goal.
Benefits of ISO 14067
Stakeholder demand – Both internal and external stakeholders are looking for accurate, transparent information to help them make purchasing decisions about their products. Independently verified product carbon footprints enable stakeholders to assess the robustness and reliability of brand claims.
Competitive advantage – Customers are seeking products with a lower carbon footprint and expect organisations to have measures and plans in place to reduce GHG emissions. In relation to products and services, this journey starts with establishing the carbon footprint, before having it independently verified. By disclosing verified PCF, companies can gain a competitive advantage, enhancing the reputation of their brand value and driving stronger ESG performance.
Efficiency gain –Verification of PCF can reveal inefficiencies, waste, data gaps, errors or misstatements in a process that identifies cost savings and opportunities for continuous improvement.
Benchmarking – it can be difficult for businesses to differentiate between products according to their carbon footprint, an independent assurance statement increases visibility and gives confidence that data is accurate and reliable.
Risk management – as an important component of ESG, verified PCF lowers risk, protects business continuity and demonstrates climate resilience.
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