An upgraded standard for the carbon footprint of products, ISO 14067, has been finalised by the International Organisation for Standardization and is presently under publication. This standard builds on ISO standards for life cycle assessment and provides greater clarity on how to calculate the carbon footprint of products and services.
The upgraded standard mandates the use of the most recent data on greenhouse gas emissions and demands that GHGs are also considered alongside carbon emissions. It now uses the full lifecycle of providing energy to make its assessment rather than energy calculations based on the individual supplier or retail figures.
With the EU looking to include the carbon footprint standard in its Product Environment Footprint initiative, the implementation of ISO 14067 may also provide Australian companies with a better chance of exporting to the European Union.
View the standard here
More information here