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. 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. Working together and using standards and tools provides a consistent unified response by the industry.
ACMA’s new strategic plan will outline a plan for sustainability, including ACMA’s new 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 the information requested by customers. The project will benefit the entire composites manufacturing industry. Learn more about the project on the Climate Impacts Project webpage.