Background:
The EU Commission has, as part of their missions to make the European Union climate neutral by 2050, made its Fit for 55 policy proposals to turn this ambition into reality. A part of this is CBAM (Carbon Border Adjustment Mechanism), where the EU intends to put a fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to avoid carbon leakage. Once the CBAM comes into force, importers into the customs territory of the EU must pay for their GHG emissions through the CBAM certificate, which is priced based on the embedded emissions of their imported goods. Green and Blue Planet Solutions Co., Ltd (GBP) was hired by a Thai Manufacturer of steel butt weld fittings, to assist them in CBAM compliance. The client has measured and calculated the carbon footprint of the product for the first time in accordance with CBAM rules.
Our Approach:
Our consultants conducted an on-site inspection of the client’s factory to properly understand the production process, how to define the installation’s boundaries, and which factors to take into account when calculating the emissions for CBAM reporting. Throughout the entire project, weekly meetings were conducted for both parties to give feedback regarding the process. Upon completing the submission of the emissions to EU importers, GBP hosted workshops for the staff to ensure they will be CBAM compliant in the future. The Monitoring Methodology Document (MMD) was also established to lay out how the monitoring of emissions will be conducted, together with suggestions for future improvements in the CBAM handbook.
Our Value:
CBAM was only introduced a few months ago and several companies are still lacking knowledge in how to properly adapt. GBP assisted the client to respond to their customers in EU by establishing an emissions monitoring system, which helped them in being CBAM compliant, and may be used in the future for other emissions tracking schemes, such as carbon footprint of product.
Location :
Hanoi, Vietnam
Industry :
Manufacturing (Packaging)
Service :
Environmental Site Assessment
Background
Green and Blue Planet Solutions Co., Ltd. (GBP) was commissioned by the office supplies manufacturing company to perform Phase I Environmental Site Assessment (ESA) or Environmental Due Diligence (EDD) on a packaging factory located in Hanoi, Vietnam. The client deemed to merge and acquire the local Vietnamese factory and carried out the ESA as a part of their due diligence process. GBP Environmental Consultants offer a comprehensive range of EDD services to support this business transaction. This assessment was executed in general accordance with procedures described under “ASTM E1527-21 Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process”, and the compliance was strictly addressed with the Vietnam’s regulatory requirements.
Our Approach
Our GBP consultants conducted an on-site assessment at the packaging factory to observe and understand environmental management practice at the area of production including all facilities supporting the workers in the factory. During the site survey, GBP also examined about the factory’s environmental reports, relevant licenses and regulatory compliance. The assessment was deliberately analyzed and commercially focused enabling our client to oversee the uncertainties and make a rational decision within the challenging timeframe of due diligence process.
Our Value
GBP assessed the environmental management practice of the factory with respect to procedures described under ASTM Standard as well as the local regulatory requirements. With our environmental consulting team of expertise, the client can make a confident and real-world decision concerning their business transaction.
