In August 2018, the International Organization for Standardization (ISO) issued ISO14067:2018 Greenhouse gas - Product Carbon footprint - Quantification requirements and guidelines, which replaced the technical specification ISO/ TS14067:2013, and ISO14067:2018 was also upgraded to international standard status. ISO14067:2018 is an internationally recognized ISO standard for quantifying the carbon footprint of products. The standard sets out principles, requirements and guidelines for quantifying and reporting the carbon footprint (CFP) of products in a manner consistent with the International Life Cycle Assessment (LCA) standards (ISO14040 and ISO14044). It provides a unified standard for enterprises to evaluate the carbon emissions of products, and is an effective tool to promote the evaluation of green goods or services.

ISO14067 Greenhouse gases - Product carbon footprint - Quantitative requirements and guidance for assessing greenhouse gas emissions over the life cycle of all goods and services activities. Any organization carrying out such activities can assess its carbon footprint against the standard. In the future, more prospective users at home and abroad will expect organizations to report and disclose the carbon footprint of products and services through consistent standards. With the continuous improvement of environmental awareness and consumption level, consumers will be more willing to buy low-carbon products and services at reasonable prices.

ISO 14040:2006 Environmental Management; Life cycle Assessment Principles and Frameworks

ISO 14044:2006 Environmental Management &mdash Life cycle assessment Requirements and Guidelines

ISO 14067:2018 Greenhouse gases - Carbon emissions from products - Requirements and guidelines for quantification and communication

PAS 205:2011 Specification for the Assessment of Greenhouse Gas Emissions from Goods and Services over the life Cycle Greenhouse Gas Accounting System - Product Life Cycle Accounting and Reporting Standard

- The product carbon footprint reveals the greenhouse gas emissions of the product life cycle of the enterprise, which helps the enterprise to truly understand the impact of the product on climate change, and thus take feasible measures to reduce carbon emissions in the supply chain, and help achieve the two-carbon goal.

- Through product carbon footprint analysis, enterprises can improve internal operations, energy conservation and emission reduction, save costs, and help enterprises gain competitive advantages as a marketing strategy. In addition, it is also an effective way to meet market demand and promote communication.

- The product carbon footprint is also an effective way for companies to show their stakeholders how they are responding to climate issues, which can help consumers and business partners make better business decisions.