FINAT LCA, PCF (CONT’D FROM PAGE 41)
methods and standards while accommodating the unique needs of the industry. Determining the Product Carbon Footprint (PCF) and Life Cycle Analysis (LCA) involves grappling with various standards, methodologies, and tools. To demystify this landscape, FINAT has outlined three broad categories to understand the different approaches better: (a) Methodologies/Standards : This category includes different ways for approaching the calculations, such as ISO standards (e.g., ISO 14040 for LCA and ISO 14067 for PCF) and recommendations from global and regional or- ganizations (e.g., GHG, PACT, IPCC 2013, TfS, etc.). (b) Calculation Tools (Software) : These are the calcula- tion tools that calculate the PCF based on a model of your process and materials. The software tends to follow one or more standards and transform the data into the final result. (c) Databases : Databases, both open and private, store crucial carbon footprint data for PCF calculations. These databases range from generic information on carbon foot- print transportation to specific data for raw materialsm. To perform a PCF calculation successfully, it is crucial to align the chosen methodology/standard with the right calcula- tion tool and database. The interconnected nature of spe- cific software, calculation tools, and databases may influ- ence not only the cost and accessibility of these tools but the quality of the information.
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