Why Participate in PIDX’s ETDX Initiative?
February 3rd, 2021
PIDX has formed the EMISSIONS TRANSPARENCY DATA EXCHANGE (ETDX) to address a growing issue in the industry today.
As more and more large operators make commitments to reduce GHG emissions, all companies participating in their supply chain will be under increased pressure to produce accurate and granular emissions data. PIDX has recognized the need for an industry specific standard for capturing and communicating this data across the supply chain.
While current standards exist, most are regionalized, company specific, and adopted on a voluntary basis. None have been adopted across the industry. With or without adoption, investors, policymakers, regulators, and consumers will continue to apply pressure, and the data will still need to be reported. PIDX standards will help supply chain participants avoid having to track multiple standards for regulatory bodies, and multiple standards for each accountable reporting company.
Used globally by over 100 oil & gas companies – including most of the majors – PIDX standards address specific oil & gas data needs that are not covered by generic B2B standards. Our standards are technologically agnostic, free to use, and have been proven to increase return on investment when implementing technology adhering to our standards.
REGISTER FOR THE UPCOMING WEBINAR: MANAGING EMISSIONS DATA IN THE SUPPLY CHAIN