Covestro AG

12/02/2022 | Press release | Distributed by Public on 12/02/2022 03:00

Covestro and Circularise partner in ISCC PLUS certification across value chains

Covestro is proud to announce the successful completion of Circularise's pioneering project with the certification scheme ISCC in which partners tested a blockchain system to complement the ISCC PLUS certification. For the first time ten companies from the chemical industry and respective downstream sectors got together to test such a digital system to bridge the inter-company gap in the sustainability certification process across complex value chains.

Circularise's blockchain-based digital system was tested with the ISCC PLUS certification to make auditing of certified parties more efficient, and to strengthen the integrity of certified data. Participants used a public blockchain enabling authentication, accessibility, decentralization, and encryption of data verifying material flows and related sustainability attributes. "We are excited to bring our knowledge in supply chain traceability and data management to project partners to test a public decentralised blockchain with the ISCC PLUS certification," said Mesbah Sabur, Founder of Circularise.

Material traceability and verification of data at individual sites and across the value chain are guaranteed by ISCC PLUS certification of each site of the operators, requiring site-specific audits, certification, and company-specific mass balance calculations to provide reassurance about the sustainable content. The data was uploaded to the Circularise software system to improve mass balance bookkeeping and reporting along the value chain through several companies.

"Certification will become more digital in the future. It will allow certification schemes to simplify the auditing process of supply chain actors and reduce the risk of mistakes. Companies will have an easier way to show compliance and adhere to auditing rules," says Jan Henke from ISCC. "We are excited to have tested Circularise's traceability software on ISCC procedures."

Digitized ISCC certification for Covestro downstream customers