Programme nominated for the Excellence in Life Cycle Assessment Steelie Award 2023
China Steel Corporation (CSC) has been actively implementing the concept of product lifecycle to calculate the carbon footprint of its products. CSC conducted product footprint inventories in 2012, 2017, and 2022, and all of them were verified by third parties.
Combining the existing comprehensive Enterprise Resource Planning (ERP) system and greenhouse gas inventory experience, CSC built the “Standard Product CO2 Emission Intensity System” (SPCO2) “ with an innovative approach and expanded the carbon calculation function in the existing system, which will not only help CSC choose low-carbon
production paths to produce products, but will also have opportunities to calculate the lowest production cost when carbon pricing occurs in the future, which will help improve the company’s profitability.
In addition, CSC established the Carbon Management Advisory Team in 2022, sharing advanced carbon reduction experiences with customers and the concept of LCA. Based on the customer’s on-site equipment and energy usage conditions, CSC proposes customised improvement suggestions that consider budget and site constraints, identifies carbon reduction hotspots, and creates energy-saving effects.
It is estimated that the total potential reduction in carbon emissions for companies under advisory reaches 2,624.3 tonnes of CO2e, the potential electricity savings amount to 4,874 kilowatt-hours per year, and the economic benefits amount to 15.26 million NTD per year, leading the industrial chain to reduce carbon and create economic benefits.