In response to the national "dual carbon" strategic goals and practice the concept of green development, Xingtai Iron and Steel Co., Ltd. (hereinafter referred to as "Xingtai Iron and Steel") recently organized and held a kick-off meeting for the carbon footprint analysis project. The convening of this meeting marks a key step for Xingtai Iron and Steel in systematically and scientifically advancing green and low-carbon transformation and building an environment-friendly iron and steel enterprise. The meeting was organized by the company's Carbon Asset Management Department, with the participation of carbon emission management personnel from various production plants, procurement, sales, and other relevant departments.
Carbon footprint analysis is a key means for enterprises to fully grasp their own carbon emission status (i.e., understand the "carbon inventory"). By establishing a detailed carbon footprint "map", it is possible to accurately identify high-carbon emission links and processes in the production process. This not only helps identify key emission reduction priorities but also provides solid data support and decision-making basis for the subsequent application of low-carbon technologies, optimization of supply chain collaborative carbon reduction, and formulation of precise and effective energy conservation and emission reduction measures.
The carbon footprint analysis project launched this time will be implemented by a professional third-party institution, and the work process will strictly follow international standards such as ISO 14067 and industry specifications including "Greenhouse Gases - Quantification Methods and Requirements for Product Carbon Footprint". The analysis scope will cover the entire product life cycle, including direct and indirect carbon emissions generated from raw material mining, transportation, major production links such as ironmaking, steelmaking, and rolling within the company, as well as energy consumption, auxiliary material use, and waste disposal, realizing full life cycle coverage "from raw materials to end products".
At the kick-off meeting, experts from the consulting institution detailed the specific content and methods of the carbon footprint analysis work. Dai Liang, Director of Xingtai Iron and Steel's Carbon Asset Management Department, deployed the next stage of work and emphasized in his speech that launching the carbon footprint analysis project is an important step for Xingtai Iron and Steel to achieve sustainable development. Against the background of global joint response to climate change, it is an inevitable choice for iron and steel enterprises to take the initiative to assume environmental responsibilities and reduce product carbon footprints. He stated that the company will fully cooperate with this analysis work, accurately grasp the baseline of carbon emissions through scientific methods, clarify future emission reduction paths, deeply integrate the concept of green and low-carbon development into enterprise development, and continuously provide more environmentally friendly steel products for downstream customers.
It is worth noting that with the strengthening of the "carbon barrier" trend in global trade, product carbon footprint has increasingly become an important qualification for enterprises to participate in international market competition. Xingtai Iron and Steel's launch of full life cycle carbon footprint analysis this time is not only a concrete action to actively implement national policy requirements such as the "Guiding Opinions on Promoting the High-Quality Development of the Iron and Steel Industry" and the "Carbon Peaking Implementation Plan for the Iron and Steel Industry" but also an effective measure for the enterprise to enhance its market competitiveness and shape green brand advantages.
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