CATEGORY

Carbon Footprint Reduction Measures

The report covers in detail the market supply demand dynamics and supplier landscape across the industries for EMEA Carbon Market

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    Carbon Footprint Reduction Measures Suppliers


    Carbon Footprint Reduction Measures Supplier

    Find the right-fit carbon footprint reduction measures supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Air Products and Chemicals Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

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    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    56

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    55
    Governance
    65
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    58
    Community Environment
    46
    Corporate governance
    66
    Human resources
    51
    Security Scorecard
    89

    Threat indicators
    A
    91
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    87
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    B
    88
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    100
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    airproducts.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    5
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    6
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    0
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    0
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    48
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Carbon Footprint Reduction Measures market report transcript


    Global Market Outlook on Carbon Footprint Reduction Measures

    Carbon trading mechanisms have developed due to a global need to reduce carbon emissions and these are the compliance markets with high prices. EU-ETS is the biggest global trading scheme, and new schemes are scheduled or being considered due to the effectiveness of EU-ETS.

    Overview of  the Carbon Trading Mechanisms relevant to industry countries 

    • Carbon trading mechanism are regulatory and mandatory instruments utilized by national agencies to decline carbon emissions from industries that are emission intensive. The mechanism was created post the Kyoto protocol to decline the greenhouse gas emissions.
    • Globally, the various trading mechanisms account for $30 billion in carbon revenues, and the European Union – Emission trading scheme (EU-ETS) is the biggest market with 50% market share (which is currently in it`s 3rd phase i.e. 2013-2020).
    • The schemes usually function as Cap-and-Trade programs where there are sector/company wide annual caps on carbon emissions for which they are provided allowances (free/auction). Companies that emit lesser/more than the cap, trade the carbon allowances via an exchange at spot prices. The scheme is mandatory for large industries like Electricity, oil & gas, cement.
    • Only EU and China (totally 11 industry countries) have the emission trading scheme. China`s scheme is not national (expected to be by end-2017) and is based on eight cities with similar features like EU-ETS (in terms of cap, allowances, sectors, and pricing)
    • Only one brewing company in Europe has a major installation that is mandated to participate in the EU-ETS scheme.

    The pricing overview of carbon trading mechanism and the future outlook 

    • The prices are high for the emission trading systems as compared to voluntary schemes primarily due to compliance demand from buyers and higher verification and transaction costs.
    • Due to the success of the EU-ETS  (emissions reduction range of 5-30% in industry countries during 2013-16) many new schemes are under consideration e.g. Mexico, Brazil, Russia, and Vietnam.
    • The EU-ETS schemes also allow a certain portion of carbon offsets to be sourced internationally from voluntary markets (5-10% annual allowance).
    • The rationale is to support development of the voluntary markets and lower carbon costs. The EU-ETS has the Certified Emission reduction (CER) offset from Clean development mechanism (CDM) and China has the domestic Chinese carbon emission reduction offsets (CCER)

    Carbon emissions trading – Compliance & Voluntary

    Carbon emissions trading has two distinct developed markets – Compliance and Mandatory. Both the markets are well developed with institutionalized systems as compared to renewable energy certificates mechanisms. 

    Compliance market

    • Compliance market (also termed as emissions trading scheme/system) is typically a Cap-and-Trade system, where-in a certain cap is fixed for carbon emissions by specific sectors. Companies that emit less than their cap emissions can trade surplus allowances to those who emit higher than their cap. This incentivizes carbon emission reductions projects.
    • The most developed compliance market is EU-ETS that was formulated in 2003 and active since 2005.
    • Compliance markets tend to be national (like EU-ETS, Japan, Korea) or sub-national (Canada, USA, China).

    Voluntary market

    • Voluntary markets are based on the Kyoto protocol (joint initiative) and Clean development mechanisms (CDM). The voluntary markets provide an opportunity for multinational organizations or countries that want to reduce their emissions by reducing the emissions in developing nations.
    • There are 2 main registries for voluntary carbon market which register projects – Markit Environmental registry and American Carbon registry.
    • There are various independent & international carbon standards that guarantee the quality & facilitate carbon trade

    The compliance markets have higher prices due to higher demand in the market for these carbon allowances, as companies have to pay heavy penalties, if they don`t acquire allowances for emissions higher than their cap value.The voluntary market is governed by supply-demand dynamics, where many companies participate without any mandatory requirements. There are many credits available in the market due to relatively lesser demand as compared to mandatory markets.

    European Union – Emission Trading System

    Allowances are allocated annually to member states in the EU-ETS system  based on their share of historic emissions under the system. Germany is the biggest emitter in EU-ETS system  & has also witnessed a 6% decline in its emissions since 2013 depicting system effectiveness.

    Industry EU countries – Cap & Actual Emissions - 2016

    • The EU-ETS system was providing free allocations to meet cap requirements to all sectors till 2012 (with a gradual decline). However, since the start of phase 3 in 2013, electricity industry has to mandatorily purchase all allowances via auctions.
    • The manufacturing industry was still allocated free allocations for 80% of their cap emissions, but this expected to decline annually and be at 30% in 2020. Aviation also receives free allocations. Overall, around 57% of total emissions cap from 2013-2020 will be auctioned by the EU-ETS system.

    Carbon offset pricing by third- party quality standards

    Verified Carbon Standard (VCS) & Gold Standard are the two most utilized third-party standards for verification and issuance of carbon credits. The price of offsets from Gold Standard is double that of VCS, mainly due to the fact that Gold Standard offers additional benefits of offsets.

    • Around 75% of the carbon offsets transacted in 2016 had either VCS or Gold Standard, as their third-party verification standard. The rapid growth of VCS since its inception in 2006,is primarily on account of its applicability. Also, as VCS offers basic certification with no added benefits, it`s price is considerably lower than other specialized carbon standards.
    • The Gold Standard verification for carbon offsets provides further benefits to the buyer, apart from carbon offset, i.e. community development, rural livelihood, water conservation, etc. Hence the Gold Standard comes at a premium of 100% over VCS certified carbon offsets.
    • The Climate, Community & Biodiversity (CCB) Standards were introduced as complementary to the VCS, to give similar benefits as that of the Gold Standard certified offsets. Hence, the price of VCS+CCB offsets is much closer to the Gold standard offsets.