SABIC has launched a pilot project with Circularise, a blockchain software provider, to evaluate the use of their technology in tracing the carbon footprint of specific material streams from end to end. SABIC’s project will employ Circularise’s technology to capture emissions across the value chain by deploying a consistent methodological and reporting framework accepted by the industry. Scope 1 and Scope 2 data captured at the material level can be used to generate Scope 3 CO2 emissions for the full value chain of targeted industries. In addition to increased transparency, the use of Circularise’s Smart Questioning technology will benefit SABIC’s entire value chain by reducing the administrative efforts associated with the data collection and providing access to upstream and downstream data provided by value chain participants, from recyclers to converters to original equipment manufacturers, among others. This project, aimed at tackling the challenges of Scope 1, 2, and 3 emissions accounting, including issues like information accessibility, confidentiality, and scalability of data sharing among suppliers, will help SABIC meet its commitment of becoming carbon neutral by 2050. As part of this project, Circularise aims to pilot blockchain-powered digital product passports and help businesses to track product emissions on a large scale and over time, generating comprehensive product life cycle emission reports.