Members from The Walt Disney Company, the LEGO Group, Bandai Namco, and the ICTI Ethical Toy Company joined the Products of Change booth this week to start conversations around industry carbon calculations and how to make reductions.
The second in a run of three agenda setting roundtable sessions to be taking place at Licensing Expo this year, the Carbon Roundtable was led by Products of Change’s Ambassador, Jakob Max Hamman as it set out on the very first steps to firm-up industry standardisation when it comes to scope 3 emissions data.
With a strong international turnout that included Disney’s vice president of environmental sustainability, Yalmaz Siddiqui and its parks, experiences, and products sustainability lead, Christian Del Maestro, alongside the chief commercial officer of Fabacus, Jonathan Baker; UCLA’s Elizabeth Kennedy; and ICTI’s head of business development, Todd Merton, the session’s aim was to support the conversation around methodologies required and tools available to calculate and capture scope 3 emissions data within the industry.
It is hoped that the meeting saw some of the groundwork covered in the first steps to a unified approach to measurement and data capture, acting as a precursor to a Transparency roundtable taking place at the Products of Change booth today (Thursday, 15 June).
This will see the industry’s service providers, including Flowhaven, Octane 5, and Dpendable Solutions join Fabacus in broaching the subject of industry transparency when it comes to impact data for products. This data will be crucial to the development of the Digital Product Passport, a government led legislative piece that will be introduced in the next couple of years.
“If you’ve been following the myriad white papers, directives, regulations, and standards from legislative and regulatory bodies since 2019, you’ll be aware of the emerging requirements for some companies to report their scope 3 carbon emissions and for manufacturers to ensure an extended set of product data be captured digitally in what has become known as a Digital Product Passport,” said Jonathan Baker, CCO at Fabacus, a company now pioneering a global product identification standard for the licensing industry.
“The emphasis for the provision of the Digital Product Passport will fall to the ultimate manufacturer of those products – the licensee. In turn, licensors that fulfil certain criteria will have to declare their scope 3 greenhouse gas emissions.”
With such change coming for licensors, licensees, manufacturers, and retailers, data and technology will have a vital role to play in steering coming legislation.
