Carbon Verified Products

1 What are Carbon Neutral & Measured products?

Carbon Neutral demonstrates an organisation's commitment to the decarbonisation of its product portfolio through measuring its products' footprint, adopting a carbon management plan and compensating the remaining impact through the support of environmental projects.

The Carbon Trust's Carbon Neutral label indicates that MKS PAMP has adopted a carbon management plan to reduce its yearly carbon emissions for the Carbon Neutral products verified by the Carbon Trust. The detailed plan can be found in the product Qualifying Explanatory Statement:

Gold 1kg and 12.5kg Qualifying Explanatory Statement - Product Neutrality Achievement
Gold 1oz Lady Fortuna Qualifying Explanatory Statement - Product Neutrality Achievement
Gold 1kg 12.5kg - Product Emissions Report

For a product to achieve the Carbon Measured certification, the emissions related to the product must be calculated and verified. All our Carbon Neutral products are also verified Carbon Measured.

Through its alignment with the International PAS 2060 Carbon Neutrality Standard and ongoing emissions' measurements, this portfolio of products represents a tangible step in MKS PAMP’s carbon reduction journey.

3 Calculation of the product footprint

Methodology

The Carbon Trust Advisory Team designed the methodology to calculate the carbon footprint of MKS PAMP's products. The carbon footprint is calculated per ISO 14067 standard, which specifies requirements and guidance for verifying and validating greenhouse gas statements and is internationally recognized.

The 1kg gold bars, 12.5kg gold bars, and the 1oz gold Lady Fortuna have been footprinted cradle-to-grave, whilst the gold grain and silver grain have been footprinted cradle-to-gate.

Data

MKS PAMP provided the primary and secondary data to the Carbon Trust, which used it to calculate the products' emissions. The following emissions per scope were measured and validated:

• Scope 1:  emissions related to manufacturing processes such as materials used, combustion of liquid fuels, and self-generated electricity.
• Scope 2: emissions generated from the acquisition and consumption of electricity, heat, steam, or cooling from external sources.
• Scope 3: upstream raw material inputs, inbound transportation, downstream distribution, and end-of-life processing.

Validation

Following the footprinting  process, a separate unit within the Carbon Trust (Carbon Trust Assurance Team) conducts an independent audit of the products' footprint to verify its compliance with the appropriate standards and ensure impartiality.

5 About the Carbon Trust

The Carbon Trust is a global climate consultancy driven by the mission to accelerate the move to a decarbonised future. It has been pioneering decarbonization for more than 20 years for businesses, governments, and organisations. As a leader in carbon footprinting, the Carbon Trust verifies products, organisations and value chains around the world.

Drawing on a network of over 300 experts internationally, the Carbon Trust guides organisations through their journey to Net Zero. From strategic planning and target setting to delivery, activation, and communication - we provide smarter ways to turn intent into impact.

The Carbon Trust verification process

The verification services provided by the Carbon Trust gives third-party assurance of carbon measurement, reduction, and neutrality claims according to their standards and criteria.

The process involves:

• Building a carbon footprinting model.
• Assessing for conformance against the relevant standards.
• Evaluating requirements and awarding the verification certificate.

Through the Carbon Trust verification, our products go through a full carbon footprinting process where the emissions generated across the products' value chain (Scope 1, 2, and 3) are measured and disclosed on the product certificate. For Carbon Neutral products (the 1kg and 12.5 kg gold bar), carbon neutrality is then achieved by offsetting the emissions from all scopes.