CBAM (Carbon Border Adjustment Mechanism) Consulting Solutions and Services
Readiness Assessment, Decarbonization Strategies, Policy Formulation, Accurate Emissions Reporting
Ensure CBAM Compliance for Your Business
NeoImpact’s CBAM Solutions Suite is designed to help your company integrate CBAM requirements into your business strategies by assessing your business’s readiness level, providing accurate interpretation and guidance for policy formulation, and evaluating and optimizing your supply chain carbon footprint, including the development of scope 3 decarbonization strategy. We also specialize in conducting workshops and training programs aimed at enhancing your teams’ skills to ensure they are CBAM compliant.
Our Carbon Border Adjustment Mechanism solutions suite offers
CBAM Readiness Assessment
We develop tailored readiness plans for companies to determine their CBAM exposure and develop a tailored readiness plan by analyzing their products, value chains, and regions of operations. Rest assured of ensuring a smooth transition to meet EU carbon regulations.
CBAM Compliance Solutions
We help develop strategies to meet CBAM requirements, including calculating embedded emissions, reporting, and ensuring smooth integration into business operations. Find support for regulatory filings, documentation support, emissions reporting, and effortless integration of CBAM compliance into existing sustainability frameworks.
CBAM Policy Guidance And Risk Assessment
We provide expert interpretation of CBAM policies, ongoing regulatory support and strategic insights on future policy changes and carbon pricing risks.
Supply Chain Optimization
We assist in the evaluation and optimization of supply chain carbon footprint, including the development of scope 3 decarbonization strategy and supply chain engagement plans.
CBAM Decarbonization Solutions
We specialize in identifying and designing emission reduction strategies, including innovative technologies and practices. We ensure accuracy in capturing emissions by covering scope 1, scope 2, and scope 3 emissions and reducing any potential penalty for non-compliance.
CBAM Capacity Building And Training
Our expertise extends to conducting workshops and training programs to enhance teams’ skills and ensure CBAM compliance. This includes CBAM compliance, CBAM reporting methodologies, and reporting best practices to ensure long-term compliance and preparedness for evolving CBAM regulations.
What is CBAM (Carbon Border Adjustment Mechanism)?
EU’s Carbon Border Adjustment Mechanism (CBAM) is a regulatory framework designed to address carbon leakage and promote global decarbonization. It ensures that imports of carbon-intensive goods are subject to an equivalent carbon cost as those produced within the European Union under the EU Emissions Trading System (EU ETS). CBAM currently applies to industries such as steel, aluminum, cement, fertilizers, electricity, and hydrogen, with the possibility of expansion in the future. The mechanism is being gradually implemented, with mandatory reporting from 2023-2025 and full enforcement starting in 2026.
Why CBAM Compliance may be important for your business?
- Regulatory Adherence: Avoid penalties, delays, and restrictions on exports to the EU.
- Market Access: Maintain competitiveness by ensuring products meet EU sustainability standards.
- Sustainability Alignment: Enhance corporate ESG (Environmental, Social, and Governance) credentials, attracting investors and consumers focused on sustainability.
- Future-Proofing: Prepare for expanding global carbon pricing regulations beyond the EU.
How will CBAM Effect & Benefit Your Business?
CBAM presents both challenges and opportunities for businesses, particularly those with carbon-intensive supply chains.
Effects:
- Cost Implications: Importers must purchase CBAM certificates, increasing the cost of high-emission imports.
- Supply Chain Adjustments: Companies may need to shift to lower-carbon suppliers or improve internal production processes.
- Reporting Requirements: Enhanced data tracking and disclosure of embedded emissions are necessary.
Benefits:
- Competitive Advantage: Early adopters of decarbonization strategies gain a stronger foothold in the EU market.
- Innovation & Efficiency: Encourages investment in greener technologies, leading to long-term cost savings.
- Brand Reputation: Demonstrating sustainability efforts improves corporate image and customer loyalty.
Businesses should proactively assess carbon footprints, optimize supply chains, and invest in sustainable practices to navigate CBAM effectively and remain competitive in the evolving regulatory landscape.
