Avieco Ltd have prepared this verification opinion for Croda International PLC (hereby Croda), through which it is confirmed that Croda’s reported scope 1, 2 and 3 greenhouse gas (GHG) emissions and intensity metric for reporting year 2020 have received reasonable verification in accordance with the requirements of the ISO 14064 – part 3: 2019 standard.
Reasonable verification is distinguished from limited verification as it provides a high degree of confidence that the information disclosed is accurate and complete compared to the limited level. This is because the verification procedures for reasonable verification employ a lower risk threshold and a higher level of data testing and review compared to limited verification, to reduce the risk of material misstatements to an acceptably low level.
The verification covers Croda’s stated historic emissions and intensity metric reported for one reporting year – the 12 months starting 1st January 2020 and ending 31st December 2020 (FY20), as shall appear in Croda’s Annual Report and Accounts and wider environmental reporting. In addition, the verification also covers the year-on-year performance change compared to reporting periods 2019 and 2018 and the emissions restatements of 2019 and 2018 reporting years due to integration of new business acquisitions in the GHG inventory.
Croda was responsible for the preparation of the GHG emission statements and the internal management controls governing the data collection, collation and GHG calculations performed.
Avieco was responsible for carrying out a verification assessment in accordance with the ISO 14064-3: 2019 ‘Greenhouse gases - Part 3: Specification with guidance for the verification and validation of greenhouse gas statements’ and providing an independently expressed opinion to a reasonable level on the reported GHG emissions totals for each of the data sources included in the scope of this verification exercise.
The boundary of the verification process included 21 manufacturing sites, 37 non-manufacturing sites, 10 Incotec sites and 20 Iberchem sites over which Croda International Plc have operational control, across 38 countries.
GHG sources included in the reasonable verification process:
• Scope 1: Natural gas; landfill gas; biogas; light fuel oil; heavy fuel oil; gasoline; diesel; propane/LPG; energy from waste oil; biodiesel, VOCs
• Scope 2: Electricity; steam; renewables; district heating
• Scope 3: Raw materials; water supply and treatment; legal services; capital goods; well to tank fuels; well to tank electricity; electricity transmission and distribution (T&D), waste; air travel; car travel; other travel; employee commuting, upstream transportation and distribution
• Outside of scopes: Biogenic portion of vehicles fuels; biofuels
• Types of GHGs included, as applicable: CO2e, CO2, N2O, CH4, HFCs, PFCs and SF6
Croda’s GHG statements verified by Avieco cover 100% of emissions by scope (in tCO2e) as follows:
|| Scope 2
||Outside of scopes
Scope 1 + 2 (LB)
Croda’s GHG inventory has been completed in accordance with the World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD) Greenhouse Gas Protocol, Corporate Accounting and Reporting Standard, Revised Edition, The GHG Protocol Scope 2 Guidance for market-based reporting and with Defra’s ‘Environmental reporting guidelines: Including Streamlined Energy and Carbon Reporting requirements’. The verification criteria assessed the adherence of Croda’s GHG statements and procedures to the best practice reporting principles of relevance, completeness, consistency, transparency and accuracy.
Avieco conducted the reasonable verification engagement in three separate phases: in September/October 2020 through an initial phase of engagement with material and non-material sites to carry out verification of Q1 - Q2 data, in November/December through further engagement with the audited sites to carry out verification of Q3 cumulative data and throughout January/ February 2021 to conduct verification of the final Q4 cumulative site data and central spreadsheets and scope 3 emissions. We used the appropriate verification planning, validation, GHG assessment and evaluation steps in accordance with the requirements of ISO 14064:3 2019, and in adherence to the standard’s principles of independence, ethical conduct, fair presentation and due professional care.
Our verification conclusions are based on the following activities:
Based on the verification procedures for reasonable verification, Avieco declares that Croda’s scope 1, 2 and 3 emissions, intensity metrics and year-on-year performance changes to 2018 baseline are:
We can confirm our independence, ethics and competence as follows:
Avieco applies quality control and management approaches equivalent to ISO 9001 International Standard and as encompassed in the Avieco Quality and Ethics Policies. Our commitment to ethical conduct is appropriate for that required for environmental and sustainability professionals in respect of conducting the verification engagement.
In future Croda should:
Avieco declares that Croda International Plc have received reasonable verification for reporting year ending 31st December 2020; and also, in previous years have received reasonable verification for reporting year 2019 and limited verification for reporting year 2018 for the following:
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