Webinar recording: CBAM in practice: How SCHWING Stetter ensures CBAM compliance
published on
22.10.2024
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The webinar "C-BAM in practice: How Schwingstetter ensures C-BAM compliance" presented how companies can efficiently implement the requirements of the Carbon Border Adjustment Mechanism (C-BAM) regulation. C-BAM entails bureaucratic hurdles that can be overcome more easily and sustainably with digital solutions such as Tacto. The most important findings are summarized below.
C-BAM was created by the EU to prevent CO2-intensive production from being relocated abroad, where less stringent environmental regulations apply. The regulation is primarily aimed at imports of products such as cement, steel, aluminium, electricity and fertilizers. Companies that import such goods into the EU from third countries will have to submit regular reports on the CO2 emissions of imported products from the fourth quarter of 2023.
For companies like Schwingstetter, this means a considerable amount of extra bureaucracy. The globally active company works with over 3,500 suppliers, many of whom are not familiar with the C-BAM requirements. Schwingstetter used the Tacto software to meet these challenges and significantly reduce the effort involved in reporting and supplier communication.
Tacto helps companies to train suppliers, automate reporting and forecast CO2 costs. The software provides a central platform where suppliers can enter their CO2 data directly. This saves time and reduces errors. Companies can also calculate CO2 costs at an early stage and incorporate them into their purchasing strategies.
Tacto's digital solution goes beyond C-BAM and also enables the fulfillment of other compliance requirements such as the Supply Chain Act (LKSG). This offers companies the opportunity not only to meet legal requirements, but also to create sustainable and future-proof supply chains in the long term.
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