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.
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 organizations 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 LRQA verified PCF, companies can gain a competitive advantage, enhancing the reputation of their brand value and driving stronger ESG performance.
Efficiency gain – LRQA 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, LRQA verified PCF lowers risk, protects business continuity and demonstrates climate resilience.
Need help with PCF Verification?
LRQA verification independently verifies your data increase visibility and help inform key decisions. Checking that the product carbon footprint is in accordance to ISO 14067 is critical to increasing the credibility of the footprint and improvements externally.
LRQA verification typically has two stages:
Stage 1 – Initial data review, verification plan and sampling plan.
Stage 2 – Data verification, creation of list of findings. Final Report and Assurance Statement.
Whether your business has a comprehensive but unverified carbon footprint analysis for your product(s), or whether you are just starting out on the journey, get in touch - to ensure that you are able to leverage the value of verified data.
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