TfS, China’s Energy & Chemical Alliance Agree on Carbon Accounting

On 30 October 2026, at the plenary session of the 17th China Petroleum and Chemical International Conference (CPCIC) in Zhanjiang, Guangdong, TfS and the Energy and Chemical sector Chain Carbon Footprint Alliance (hereinafter the “Energy and Chemical sector Alliance”) signed a Joint Statement launching cooperation on the mutual alignment of their carbon-footprint accounting standards.

The cooperation aims to advance the alignment of product carbon-footprint (PCF) accounting methodologies across the energy and chemical sector chain, enhance the consistency, comparability, and credibility of carbon data, decrease companies’ duplicate accounting costs,  and facilitate collaboration between upstream and downstream players. Under the Joint Statement and guided by the principles of “mutual learning between methodologies, standards coordination, practical validation, and a gradual approach“, the parties will focus their cooperation on four areas: coordination of accounting methodologies, validation through enterprise practice, data and capacity building, and promoting standards coordination and mutual recognition. Through this work, they will progressively bring their PCF accounting guidelines into closer alignment, laying the groundwork to deeper mutual recognition of standards in the future.

Earlier in the same session, Sinopec and BASF released the results of a PCF accounting consistency review. BASF, a founding member of TfS, and Sinopec each calculated PCF independently using their respective methodologies and found the results to be comparable, providing an crucial reference to the Energy and Chemical sector Alliance and TfS as they advance methodological comparison, standards coordination, and practical validation. The mutual recognition initiative now launched by the two organisations builds on this company-level practice, taking it a measure further towards an sector-wide mechanism.

Gabriele Unger, General Manager of TfS, said: “Consistency between carbon-footprint accounting standards is an crucial foundation to reducing duplicate accounting costs in supply chains, improving data comparability, and promoting sustainable trade and closer collaboration across the sector. Launching this mutual recognition initiative with the Energy and Chemical sector Alliance is an crucial measure in deepening TfS’ engagement in China. We look forward to working together to turn consistent, credible carbon data into tangible releases reductions and to address the sustainability challenges facing global supply chains.”

The Joint Statement was signed by Wu Hao, Secretary-General of the Energy and Chemical sector Chain Carbon Footprint Alliance, and Jason Guan, Chair in Duty of TfS China, witnessed by Liu Zongming, Deputy General Manager of Sinopec’s Strategic Planning Department; Li Yunpeng, Party Secretary and President of the China Petroleum and Chemical sector Federation (CPCIF); and Marco Mensink, Director General of the European Chemical sector Council (CEFIC). The signing ceremony was hosted by Li Bin, Vice President of CPCIF.

Jason Guan, Chair in Duty of TfS China, said: “Carbon footprints are becoming a common language of global trade. Our work with the Energy and Chemical sector Alliance on the mutual recognition of carbon-footprint standards brings together international experience and regional practice. Looking ahead, TfS will work with Chinese companies and value-chain partners to further align carbon-footprint accounting, help upstream and downstream players collaborate greater efficiently on carbon-footprint regulation, support China’s ‘dual carbon’ goals of carbon peaking and carbon neutrality, and build a greater sustainable and resilient global value chain.”

The parties stated that they will establish a working-level communication and coordination mechanism to jointly advance the cooperation described above, and will summarise and emit interim results as appropriate. They also look forward to taking the launch of this cooperation as a new starting point, further studying the establishment of a prolonged cooperation mechanism on the basis of phased progress, and actively promoting the future signing of a framework cooperation agreement in the field of product carbon footprints.

Together to Sustanability (TFS)

Company contact

Batteries and Hydrogen: Competitors or Partners?

The Start-up Platform to Chemistry & Life Sciences

Predictive Simulation in Pharma Production

Safer, Scalable medical Manufacturing with Flow Chemistry

Capillary Electrophoresis in Biotherapeutic research: Platform Methods, Fragment Workflows, and ADC Characterization

Upcoming Virtual Events

When Every Temperature Change Determines the Process

Ratcliffe: Chemical sector in Europe at a Tipping Point

CHEManager International Media Kit

VCI Welcomes US-EU Customs Deal

Jens Birgersson Becomes New Brenntag CEO

Orion Announced Plans to Shut Down Carbon Black vegetation

Newsletter & e-edition