The verification covers Croda’s stated emissions from the 12 months ending 31st December 2017 and the restatement for methodological improvements and scope expansion of the previous two years (ending 31st December 2015 and 2016), as published in Croda’s Annual Report and Accounts separate Sustainability Report.
Carbon Smart were responsible for carrying out a limited verification assessment in accordance with the ISO 14064 – part 3 standard, and providing an independently expressed conclusion on the reported GHG emissions totals and performance, for each of the data sources included in the scope of this verification exercise.
|| Scope 2
||Outside of scopes
||Scope 1 + 2
|| 187 tCO2e/£m
|| 158 tCO2e/£m
|| 150 tCO2e/£m
In addition to the asserted scope 1, 2 and 3 emissions, Carbon Smart can also verify the temporary biogenic carbon sequestration associated with the rapeseed oil Croda purchased as a raw material in year ending 31st December 2017, as 294,629 tCO2e.
However, we note this figure does not take into account the downstream emissions associated with rapeseed oil and therefore does not include any end of life emissions associated with its use.
Croda’s GHG inventory has been completed in accordance with the WBCSC & WRI Greenhouse Gas Protocol GHG corporate and scope 3 standards; and adheres to the best practice reporting principles of relevance, completeness, consistency, transparency and accuracy.
Carbon Smart conducted the verification engagement in two separate phases: in late 2017 through an initial phase of engagement with material sites and throughout January/ February 2018 for the final data set. We used the appropriate verification planning, validation, GHG assessment and evaluation steps in accordance with the requirements of ISO 14064:3, and in adherence to the standard’s principles of independence, ethical conduct, fair presentation and due professional care.
The objectives of the verification engagement were to ensure Croda’s GHG assertion is free of material misstatements to an acceptable materiality threshold of 5% at the GHG source level and organisational level; and to ensure the GHG inventory provides the relevant material information required by stakeholders for the purpose of decision making.
Our verification conclusions are based on the following activities:
Based on the verification procedures followed by Carbon Smart of Croda’s scope 1, 2 and 3 emissions across all three annual reporting periods, we have found no evidence to suggest that the GHG emissions assertions and year on year performance changes in Croda International Plc’s operational GHG inventory are not:
We can confirm our independence and objectivity as follows:
In future Croda International Plc should:
Croda International Plc have received limited verification for reporting years ending 31st December 2015, 2016 and 2017 for the following:
• Scope 1, 2 and 3 emissions
• Scope 1, 2 and 3 year-on-year performance change relative to baseline
• Temporary biogenic carbon sequestration from rapeseed oil use as a raw material (2017 purchase)