How to process Carbon Lite declarations
If you choose to resell the declarations via your own carbon bank, the CO2e reductions should be based on your organisational emission baseline. Your carbon bank must have third party oversight and assurance in terms of inflow and outflow and handling of the carbon bank. Any sales from your carbon bank would be done under your own brand, with your own issued declarations and subject to your own third-party assurance process.
The CO2e tonnes reduced from the yield losses should remain connected to the product. For example: from 10 tonnes bought there is 1 tonne lost in processing yield losses. The CO2e tonnes reduced and stated on the declaration should be balanced across the remaining 9 tonnes, to retain the connection to the product for the onward selling. This way you will be able to continue to pass on the reduction and charge for it.
Empower your customers to reduce their Scope 3 emissions
Carbon Lite Relay gives you a simple way to support your customers in reducing their Scope 3 CO2 emissions by passing on verified Carbon Lite reduction declarations.
When your customer wishes to reduce their Scope 3 emissions, Tata Steel can issue these declarations through you, clearly naming the final customer for full transparency. Declarations can also be issued retrospectively for earlier orders.
The entire Relay process is independently verified by DNV, ensuring confidence in the validity and reliability of every declaration.