Post by CO2 IQ

📦 Under CBAM, procurement teams are taking on new tasks and play a key role in regulatory compliance and financial management. As EU CBAM moves into its definitive phase, carbon costs are adding a new layer of complexity to international material purchasing. 👉 In practice, procurement and sourcing teams are often best placed to drive a structured approach to CBAM implementation:   1️⃣ Identifying in-scope CBAM goods and quantities as a starting point: → CBAM-ready product grouping and data management require close coordination with customs and compliance functions within the company.   2️⃣ Determining reliable emissions values as a basis for calculation: → Securing CBAM-compliant emissions data in supplier management is becoming as important as managing price, quality, or delivery risks.   3️⃣ Procuring CBAM certificates to manage CBAM costs and cash flow: → Forecasting CBAM costs and hedging CO2 price risks are becoming increasingly important for financial planning and controlling.   💡 Bottom line: CBAM is a cross-functional task. Procurement teams can play a critical role because they sit at the interface between customs and compliance, supplier management, and finance and controlling. 📘 Our latest blog explains the CBAM requirements and practical guidelines for procurement (👇🏽 link in comments).   #CBAM #Procurement #SupplyChain #Compliance #Sourcing