Market research firm CRU launched a new product earlier this week that is aimed at helping aluminium and other commodity suppliers reduce their overall carbon footprint.
The new Sustainability and Emissions Service offers intelligence on a wide variety of commodities from the standpoint of sustainability. Noting that the commodities industry is not doing everything it is capable of doing regarding sustainability and that stricter sustainability regulations are likely in the future, CRU designed the new service to aid stakeholders in achieving their sustainability goals.
CRU notes that sustainability concerns affect everyone in the commodities market, and adjusting to new realities based upon sustainability is more and more difficult. The Sustainability and Emissions Service intends to be a centralized view and knowledge base that gives stakeholders the necessary information and perspective to make knowledgeable business decisions.
Among the areas covered by the new listing service are potential policy issues, carbon markets and trading, green tech and its effects, and energy considerations. The system is built on CRU’s substantial existing market knowledge.
Mark Jeavons, Head of Sustainability, said in a press release that the new service fills a significant gap in the commodity market.
“Sustainability is already driving our markets, but its impact will grow exponentially in the future, impacting commodity supply, demand and pricing. There is no question that successful businesses will be those with the most intelligent and informed decarbonisation strategies, but the sooner the strategies are implemented, the better. However, this is easier said than done, and so many of the sustainability data sources available today are incomplete, with gaps, lack of detail and limited transparency. We believe we can meet that market need for insight, as we have done so for more than 50 years in the commodities space through our analysis and consultancy.”
CRU says the service is currently available with two tiers of service, with the premium tier offering mid- and long-term carbon price forecasts, insights on green tech, and access to CRU’s analysts.
