Venator, a leading global chemical company, announced that it is working with Atos, a global digital transformation pioneer, to evaluate its products' carbon footprint. As Venator increases its emphasis on sustainability throughout its operations, this strategic project will enable the company to provide its customers with data on the carbon footprint of its products and advance its sustainability goals.
Atos will assist Venator in gathering key insights from its existing data that will allow enterprise-wide deployment of a digital product carbon footprint (PCF) tool that BASF initially developed.
Venator is working with Atos as a part of a larger corporate sustainability initiative. In the previous year, Venator has
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Collaboration with its stakeholders to determine which environmental, social, and governance concerns are of utmost importance to them, thereby identifying the highest-priority areas that require the most attention for its business
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Made combined efforts to measure its entire carbon footprint by including Scope 3 impacts in its evaluations
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Published its second sustainability report, "Sustainability. It's our future." and adapted its reporting to GRI standards
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Signed the United Nations Global Compact
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Engaged KPMG to help in the expansion of its decarbonization program
The PCF calculation tool and methodology developed by BASF calculates cradle-to-gate PCF and are based on the Life Cycle Assessment methodology. The method of calculating the carbon footprint of products is based on ISO 14067:2018, which builds on the ideas and requirements of ISO standards 14044:2006 and 14040:2006.
About Venator
Venator, headquartered in Wynyard, United Kingdom, with over 3,500 employees, is a global marketer and manufacturer of pigments and additives that impart color and vibrancy to buildings, preserve and prolong product life, and minimize energy usage. Its products are marketed globally to a diverse set of industrial clients through two business segments: titanium dioxide, which includes its TiO2 business, and performance additives, which includes its functional additives, color pigments, and timber treatment businesses. The company sells its products in over 110 countries.