![]() ![]() Transparent product sustainability attributes will benefit industry, consumers and society,” says Isabella Tonaco, Vice President Strategy Execution & Marketing from Neste’s Renewable Polymers and Chemicals business unit. Our goal in this project led by ISCC, Circularise and forerunner companies is to enable complex value chains to learn and take full advantage of innovative digital solutions, aiming to efficiently share data and validate sustainability characteristics of their products. To make sustainability a shared benefit to society, transparency along complex value chains is required. ![]() We aim to drive a positive impact on biodiversity, while achieving a nature-positive value chain. “At Neste, our purpose is to create a healthier planet for our children. “We are excited to bring our knowledge in supply chain traceability and data management to project partners to test a public decentralised blockchain with the ISCC Plus certification.” Auditors can therefore rely on the blockchain for parts of the audit,” said Mesbah Sabur, Circularise’s Founder. ![]() Instead they can use blockchain and smart contracts to store balances, record transactions, and apply mass balance rules. Now companies don’t need to individually keep a balance of goods and transactions in excel. “Blockchain technology is revolutionising how data is stored and shared. This principle forms the foundation of trust in data integrity. Instead, Circularise and project partners used a public blockchain, making it virtually impossible for companies to appear more sustainable than they really are by reusing the proof of a sustainability claim across assets. This innovative approach differs from other blockchain projects where companies use a private blockchain operated by pre-selected participants, such as members of a consortium. Participants utilised a public blockchain enabling authentication, decentralisation and encryption of data verifying material flows and related sustainability attributes. ![]() This is the first time that 10 chemical industry players and appliance companies got together to test a blockchain-based digital system as a complement to a sustainability certification process of complex value chains.Ĭircularise’s blockchain-based digital system was tested with the ISCC Plus certification to make auditing of certified parties more efficient, and to strengthen integrity of certified data. These parties were brought together by Circularise and Marubeni. The parties all together have tested the blockchain system to complement the ISCC Plus certification. Other companies that participate are as follows: material suppliers Asahi Kasei, Borealis, Trinseo and Shell, original equipment manufacturers (OEMs), brands Arcelik, Philips Domestic Appliances and EVBox, as well as trading companies Marubeni and Itochu. (PRESS RELEASE) ESPOO, / EuropaWire/ - Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced its participation in the pioneering public blockchain digital system of Circularise, a leading software platform that provides end-to-end traceability and secure data exchange for industrial supply chains, and ISCC, a sustainability certification system covering the entire supply chain and all kinds of biobased feedstocks and renewables, aimed at verifying material flows and sustainability attributes. ![]()
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