ACMA announces Climate Impact Project for composites industry
To prepare a more systematic approach to respond to new ESG goals, the project will assess and develop new tools and resources to further industry education.
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The American Composites Manufacturers Assn (ACMA, Arlington, Va., U.S.) has announced its new Climate Impact Project that will provide tools, resources and education to help composites manufacturers assess climate impacts associated with the manufacture of their products and raw materials and provide information requested by customers. This is in addition to a new strategic plan for sustainability that the association plans to outline.
The project, ACMA notes, will benefit the entire composites manufacturing industry. As sustainability, climate change and net-zero goals dominate the conversation in society, businesses are also required to respond to increasing OEM and customer demands for sustainable manufacturing solutions. Like others, ACMA says, composites manufacturers will need to provide customers with estimates of the climate impacts associated with the manufacture of their products and raw materials. The Securities and Exchange Commission recently proposed rule changes that would require registrants to include certain climate-related disclosures in their registration statements and periodic reports, including information about climate-related risks (e.g., greenhouse gas emissions, etc.) that are reasonably likely to have a material impact on their business, results of operations or financial condition and certain climate-related financial statement metrics in a note to their audited financial statements.
To provide estimates of climate impacts associated with the manufacture of their products and raw materials, ACMA members will need to prepare cradle-to-gate climate impacts assessments following the procedures established in certain ISO standards. Larger manufacturers and companies may have already have sustainability plans in place, but how can medium to smaller manufacturers respond to these expectations without clear direction and resources? ACMA hopes to remedy this with the new project by working together and using standards and tools to provide a consistent, unified response by the industry.
Learn more about the project on the Climate Impacts Project webpage.
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