logo
GoNetZero and Anvil Analytical Collaborate to Strengthen Carbon Tracking Across Global Supply Chains

GoNetZero and Anvil Analytical Collaborate to Strengthen Carbon Tracking Across Global Supply Chains

Korea Herald14 hours ago

SINGAPORE and LONDON, June 23, 2025 /PRNewswire/ -- GoNetZero, a global decarbonisation enabler in clean energy procurement and carbon management, is pleased to announce a collaboration with Anvil Analytical, a UK-based SaaS provider of procurement and carbon analytics. Together, they aim to help organisations gain clearer, more actionable insights across Scope 1, 2 and 3 emissions.
The alliance will bring together GoNetZero's strength in operational emissions data with Anvil's expertise in supplier-level and spend-based carbon analysis, which offers businesses a fuller view of their emissions profile across the value chain.
"Many of our clients are looking for a single, seamless view of their emissions – across Scope 1, 2 and 3. This partnership delivers exactly that," said Soon Sze Meng, CEO at GoNetZero. "By combining GoNetZero's deep capabilities in measuring operational emissions data with Anvil's supplier-level insights, we can offer businesses the clarity and confidence they need to meet rising sustainability expectations, at scale."
While Scope 3 emissions remain a complex and evolving challenge, this partnership helps address it from both ends – bringing together operational data and procurement-linked estimates and supporting more robust sustainability reporting and supply chain action. The collaboration will support organisations at various stages of their carbon journey, from establishing baselines to enhancing supplier-level visibility.
"Scope 3 is often the most difficult piece of the puzzle, but it doesn't have to stay that way," said Steve Harrison, CEO at Anvil Analytical. "This partnership with GoNetZero helps turn unknowns into baselines and estimates into strategy. We're excited to work with a partner whose mission so closely aligns with ours: making data-driven sustainability accessible, practical, and scalable."
With regulatory demands tightening and stakeholder scrutiny increasing, the ability to align emissions insights, even without full interoperability, offers a meaningful step forward. This collaboration will allow GoNetZero and Anvil to help companies move from fragmented data to better-informed climate decisions. As the carbon management business of Singapore-listed Sembcorp Industries, GoNetZero empowers organisations worldwide to achieve their decarbonisation goals through its digital solutions and verified environmental attributes.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Posco to sell off non-core overseas units in China, Vietnam
Posco to sell off non-core overseas units in China, Vietnam

Korea Herald

time9 hours ago

  • Korea Herald

Posco to sell off non-core overseas units in China, Vietnam

Posco Group is fast-tracking the restructuring of its non-core subsidiaries, divesting low-performing overseas businesses as part of a broader strategy to reallocate resources toward high-potential sectors, particularly battery materials. According to industry sources on Monday, Posco International, the trading and resources arm of Posco Group, has agreed to sell its entire stake in Suzhou Pohang Steel to Guangdong Wcan Magnetic Materials. The transaction, valued in the 40 billion won ($29 million) range, is expected to close by June 30. Founded in 2005, Suzhou Pohang Steel, a China steel processing subsidiary, specializes in processing electrical steel and manufacturing motor components, supplying Posco products throughout eastern China. 'It is true that the sale is part of our ongoing restructuring efforts, but final confirmation from the buyer and specific deal terms are still being finalized,' a Posco Group official said. The decision reflects Posco International's strategic assessment that continued operations in China's oversaturated steel market are no longer necessary. Deteriorating conditions for Korean companies in China, exacerbated by rising geopolitical tensions such as US-China trade friction, also contributed to the move. In a separate deal, Posco Engineering & Construction is negotiating the sale of its Vietnamese subsidiary, Posco E&C Vietnam. Busan-based auto parts maker Seoil Casting has been selected as the preferred bidder, and discussions over detailed terms are underway. The subsidiary has been involved in various local construction projects, including steel structures and plant facilities. The deal is estimated to be worth around 17 billion won. Established in 1995 as a joint venture between Posco Construction and Vietnamese state-owned Lilama, holding 70 percent and 30 percent stakes respectively, Posco E&C Vietnam became wholly owned by Posco after it acquired Lilama's stake in 2010. However, the unit has faced persistent challenges, with reports indicating it had fallen into complete capital erosion by mid-2023. The recent moves are part of a broader restructuring initiative announced last year, under which Posco plans to liquidate or divest more than 120 underperforming or non-essential businesses by 2026. The goal is to raise some 2.6 trillion won to reinvest into its core pillars: steel and battery materials. As of the first quarter, the group had already achieved 40 percent of the target.

AESC delay opens door for Korean battery trio in BMW's US EV plans
AESC delay opens door for Korean battery trio in BMW's US EV plans

Korea Herald

time11 hours ago

  • Korea Herald

AESC delay opens door for Korean battery trio in BMW's US EV plans

LG, SK emerge as top contenders, with local production, tariff resilience, advanced 46-series tech Faced with shifting US policy and trade risks, AESC — a Japan-based battery maker majority-owned by China's Envision Group — has paused its $1.6 billion battery cell factory project in South Carolina, originally intended to supply BMW electric vehicles. The move underscores Korean battery firms as potential alternatives for the German automaker, given their accelerated push to expand US-based production. 'Due to policy and market uncertainty, we are pausing construction at our South Carolina facility at this time,' AESC said in a recent statement. While no timeline was given, the company said it would 'resume construction once circumstances stabilize' and reiterated its pledge to invest $1.6 billion and create 1,600 jobs. South Carolina Gov. Henry McMaster noted that AESC is navigating potential fallout from the loss of federal EV subsidies and tax incentives, as well as tariff risks linked to US President Donald Trump's return to power. AESC said it has already invested $1 billion in the Florence facility — its second US production site after an ongoing project in Kentucky. The company had earlier scaled back plans to build two plants in South Carolina, saying one would suffice to meet BMW's projected demand. Despite AESC's construction pause, BMW confirmed it will proceed with the opening of its $700 million battery assembly plant in Woodruff, South Carolina, by 2026. The automaker had originally planned to use AESC's 46-series cylindrical cells — 46 millimeters in diameter — in its next-generation EV lineup, including the 'BMW Vision Neue Klasse.' By 2030, BMW aims to produce at least six all-electric models in the US. Industry insiders say the disruption in AESC's US supply could open doors for Korean battery makers. Among them, Samsung SDI began supplying the larger cylindrical batteries to a US carmaker for the first time in March. LG Energy Solution is set to begin mass production in the latter half of this year, while SK On has completed its development process. 'AESC, acquired by Hong Kong's Envision Group in 2018, managed to bypass US trade barriers targeting the Chinese EV supply chain due to its Japanese origins,' said Park Cheol-wan, an automotive engineering professor at Seojeong University. 'Its pause could signal a cautious approach amid trade tensions — or a strategic pullback by BMW in its US EV plans.' Yang Min-ho, an energy engineering professor at Dankook University, noted, 'Given BMW's commitment to the US market and the likelihood that it will need to expand local production under Trump's protectionist trade stance, the automaker will likely seek to fill the gap in its battery supply chain.' He added that BMW could turn to LG Energy Solution or SK On, both of which have US production sites and carry less tariff risk. As of June, LG Energy Solution and SK On are operating or building seven and four facilities, respectively, in North America, including joint ventures with major automakers. BMW's tariff woes Before the Trump administration's shifting tariff policies targeting both allies and adversaries, BMW's US EV strategy relied on importing vehicles assembled in Europe — primarily Germany — while ramping up its production capacity in North America. BMW's key battery suppliers in Europe, Samsung SDI and China's CATL, signed long-term contracts in 2019 extending through 2031. These deals played a crucial role in BMW's European EV push and allowed the automaker to allocate part of its European output to the US. Meanwhile, BMW had also looked to cost-competitive battery producers like AESC for US supply. But after facing a 27.5 percent tariff on passenger cars imported from EU countries, the company has been under growing pressure to increase domestic production. German Chancellor Friedrich Merz recently announced plans to offset US tariffs by equalizing the value of automobile trade. The proposal would allow duty-free imports of US-made cars into Germany in exchange for equivalent tariff waivers on German cars shipped to the US. However, based on the recent US–UK tariff arrangement — which limits 10 percent tariffs to just 100,000 vehicles from the UK — Germany's roughly 400,000 annual car exports to the US may only benefit from partial tariff relief. 'Even though Germany has more at stake than the UK, Trump is unlikely to offer full waivers on German cars,' said Yang.

GoNetZero and Anvil Analytical Collaborate to Strengthen Carbon Tracking Across Global Supply Chains
GoNetZero and Anvil Analytical Collaborate to Strengthen Carbon Tracking Across Global Supply Chains

Korea Herald

time14 hours ago

  • Korea Herald

GoNetZero and Anvil Analytical Collaborate to Strengthen Carbon Tracking Across Global Supply Chains

SINGAPORE and LONDON, June 23, 2025 /PRNewswire/ -- GoNetZero, a global decarbonisation enabler in clean energy procurement and carbon management, is pleased to announce a collaboration with Anvil Analytical, a UK-based SaaS provider of procurement and carbon analytics. Together, they aim to help organisations gain clearer, more actionable insights across Scope 1, 2 and 3 emissions. The alliance will bring together GoNetZero's strength in operational emissions data with Anvil's expertise in supplier-level and spend-based carbon analysis, which offers businesses a fuller view of their emissions profile across the value chain. "Many of our clients are looking for a single, seamless view of their emissions – across Scope 1, 2 and 3. This partnership delivers exactly that," said Soon Sze Meng, CEO at GoNetZero. "By combining GoNetZero's deep capabilities in measuring operational emissions data with Anvil's supplier-level insights, we can offer businesses the clarity and confidence they need to meet rising sustainability expectations, at scale." While Scope 3 emissions remain a complex and evolving challenge, this partnership helps address it from both ends – bringing together operational data and procurement-linked estimates and supporting more robust sustainability reporting and supply chain action. The collaboration will support organisations at various stages of their carbon journey, from establishing baselines to enhancing supplier-level visibility. "Scope 3 is often the most difficult piece of the puzzle, but it doesn't have to stay that way," said Steve Harrison, CEO at Anvil Analytical. "This partnership with GoNetZero helps turn unknowns into baselines and estimates into strategy. We're excited to work with a partner whose mission so closely aligns with ours: making data-driven sustainability accessible, practical, and scalable." With regulatory demands tightening and stakeholder scrutiny increasing, the ability to align emissions insights, even without full interoperability, offers a meaningful step forward. This collaboration will allow GoNetZero and Anvil to help companies move from fragmented data to better-informed climate decisions. As the carbon management business of Singapore-listed Sembcorp Industries, GoNetZero empowers organisations worldwide to achieve their decarbonisation goals through its digital solutions and verified environmental attributes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store