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footprint or detailing efforts to reduce also a critical step towards bridging the scope: https://www.terrascope.com/
emissions. This fosters a sense of trust transparency gap between the suppliers blog/methods-of-calculating-scope-
Target Your Market More Effectively
and alignment between the business and their customers. The journey may 3-emissions
and its customers. be complex, but with the right strategies 5. GHG Protocol team. (2011). Corpo-
rate Value Chain (Scope 3) Stan-
and tools, businesses are effectively
IndiaChemTrade
ChemImpex
Moreover, primary data sharing leveraging primary data to drive their dard. Retrieved from GreenHouse
plays a crucial role in building customer decarbonisation efforts and contribute Gas Protocol: https://ghgprotocol.
For subscribers only
Free for subscribers of Chemical Weekly
trust and engagement (Chacko, Blogs , to a more sustainable future. org/corporate-value-chain-scope-
ChemImpex, the trade database, tracks, on a daily
3-standard
2023). In an era where customers value IndiaChemTrade provides consolidated trade statistics
basis, exports and imports of chemicals and related
6. Laoyan, S. (2022, December 8).
transparency and authenticity, sharing Bibliography of India. The information provided here is based on the
products through the major ports in India — a vital
annual trade data published by the Directorate General
primary data demonstrates a business’s 1. Evarts, H. (2012, September 12). Resources. Retrieved from Asana:
commitment to these values. It provides Find out on-line of Commercial Intelligence and Statistics, Government
Columbia News . Retrieved from: https://
source of commercial intelligence.
https://asana.com/resources/pareto-
customers with insights into the busi- news.columbia.edu/news/columbia- principle-80-20-rule
how international markets are moving; where your
of India. The database can be searched by: Chemical
ness’s decarbonisation efforts, enabling engineers-mine-big-data-faster-as- 7. Chacko, S.R. (2023, December 6).
Name/Harmonised Code to obtain the consolidated
competitors are exporting and at what price; where
them to make informed decisions. This sess-carbon-footprints. Blogs. Retrieved from Carboledger:
trade (import or export) in that item; or by Country to
imports are coming from and how their prices are
increased engagement not only enhances 2. López, M.S. (2023, May). Resourc- https://blogs.carboledger.com/why-
moving. Download all this data, seamlessly, for a
obtain the trade (import or export) in all chemicals and
customer satisfaction, but also fosters es. Retrieved from Science-based should-you-share-your-pcf-data-
related products between India and that country
small fee — online, anytime, with no hassles.
long-term customer relationships. Targets : https://sciencebasedtargets. with-your-customers/
org/resources/files/Supplier-
ChemXchange 8. Chacko, S.R. (2023). Blogs . Re-
CONCLUSION Engagement-Guidance.pdf trieved from Carboledger: https://
Open to all registered users — no subscription required
The role of primary data sharing in 3. Rycke, M.D. (2022, September blogs.carboledger.com/enhance-
ChemXchange — the chemical exchange with a difference — is where you can identify your buyers and sup-
supply chain decarbonisation is pivotal. 22). News Articles. Retrieved from customer-engagement-with-data-
plyers on-line, any time. This unique platform is free to all advertisers in the print version of Chemical Weekly.
It fosters transparency, enhances colla- Together for Sustainability: https:// sharing-platforms/
boration, and improves data quality. www.tfs-initiative.com/news/press- 9. GHG Protocol Team. (2013). Stan-
For more information contact: 022-24044477. Fax: 022-24044450
This enables businesses to make in- release-new-expert-guideline-en- dards, 1.0. Retrieved from Green-
Email: corporate@chemicalweekly.com or log on to chemicalweekly.com
formed decisions that align with their ables-chemical-sector-to-tackle- House Protocol: https://ghgproto-
decarbonisation objectives. Primary scope-3-emissions col.org/sites/default/fi les/standards/
data sharing represents not just a trans- 4. Terrascope Team . (2023, March 2). Scope3_Calculation_Guidance_0.
formative approach for businesses, but Resources. Retrieved from Terra- pdf
Fig. 2 Scope 3 emissions Decision tree
intensive and fi nancially demanding. data driving the decarbonisation efforts guesswork, reduces the risk of errors,
That’s where technology comes in to is relevant, accurate, and up-to-date. and leads to improved operational
simplify the process. Primary data – effi ciency and productivity. These are
the raw, fi rst-hand information One of the most signifi cant out- all essential elements for achieving a
collected directly from the source – comes of primary data sharing is the sustainable supply chain. Missed a copy !!!
is the cornerstone of any data-driven enhanced collaboration it fosters within
decision-making process. It serves the supply chain. With all stakeholders The emergence of data sharing plat- For Digital Edition of this month’s issue & all other past issues
as the foundation for implementing having access to the same set of data, forms that are specifi cally catered for
sustainable practices and achieving there is a unifi ed approach towards Scope 3 emissions ensure that the data
decarbonisation goals. The advent achieving decarbonisation goals. This exchange process is not only seamless, Visit www.hpicindia.com
of technology and digitisation has collaborative environment, coupled but also highly secure (Chacko, Blogs ,
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exchange of accurate and timely data integrated and effi cient supply chain. also empower businesses to provide Mrs. Usha S. - usha@hpicindia.com
between suppliers and customers, The use of primary data also leads to customised sustainability information Register Now
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primary data sharing is a critical step disposal, businesses can make informed communication to align with the unique Contact: For Subscription : Mrs. Usha S. - usha@hpicindia.com
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decarbonisation. It ensures that the nisation objectives. This eliminates emphasising a product’s minimal carbon
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