The Carbon Border Adjustment Mechanism (CBAM) regulates trade between non-EU countries and the European Union, focusing on industries with high carbon emissions. If your business involves sourcing from companies outside the EU or exporting into the EU, particularly in sectors such as cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen, CBAM will directly impact your operations.
In our latest article, we highlighted that the European Union is urging companies to familiarize themselves with CBAM and assess the CO2 emissions produced by their non-EU suppliers. Many businesses find this challenging due to a lack of proper tools and resources to meet these requirements.
Synesgy is a quick and simple solution for:
Synesgy provides a straightforward solution, offering a tool for your suppliers to calculate and report their CO2 emissions easily.
We offer a fast and simple way to generate the necessary emissions data your EU buyers need for CBAM reporting.
Under CBAM, non-EU companies exporting cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen to the EU are required to report the CO2 emissions generated during production.
Synesgy’s CBAM Questionnaire offers a simple, user-friendly tool to calculate and understand your company’s CO2 emissions associated with these products.
This solution not only enables you to report and share your emissions data with your EU supply chain partners, but also positions your company for a competitive advantage. By being proactive in your emissions reporting, you make your business more appealing for future deals with EU buyers, especially compared to companies that have not yet taken this step.
Discover how Synesgy can help your company stand out to EU customers, gain a competitive edge, and enhance your profitability.
CBAM requires EU importers sourcing cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen from non-EU countries to report the CO2 emissions generated during production.
Collecting and reporting this data can quickly become a complex challenge without a globally available, comprehensive tool.
In 2024, Synesgy introduced the CBAM Calculator, a new feature designed to simplify and support EU businesses in gathering the necessary data for CBAM compliance. Developed and updated by CRIF Rating Agency and supervised by ESMA, our tool ensures accurate and reliable emissions reporting.
Our tool offers:
- Availability in 20+ languages, allowing your suppliers to collect data in their native language.
- Comprehensive customer support to assist you before, during, and after implementation.
- A dashboard to analyze and export your supply chain’s CO2 emissions.
Be a first-mover and gain a significant competitive advantage by adapting to the new regulations ahead of your competitors.
Contact us today to learn more.