SIC
The Standard Industrial Classification (SIC) emission factor dataset, developed by the UK government, provides crucial information on greenhouse gas emissions from various industries, aiding companies, organizations, and policymakers in emissions calculation and reporting, especially when activity data is unavailable or for conducting entity footprint assessments.
The most important features of the SIC dataset are:
- Emission factors - the database includes 110 items across diverse economic sectors, identified by their Standard Industrial Classification (SIC) codes, representing specific industries or business activities code and including agriculture, forestry and fishing, mining, manufacturing, electricity, water supply and sewage, construction, wholesale and retail trade, transport and storage, other professional, scientifical and technical activities, and services.
- Conversion factors - for each SIC code, the dataset offers conversion factors that indicate CO2 emissions (in kilograms) associated with economic metrics such as costs, revenue, production, or energy consumption. Note that the Continia team has adjusted the conversion values, initially grounded on 2020 data, by incorporating inflation rates sourced from the UK Office of National Statistics. Initially, a cumulative inflation rate factor was computed using data spanning from 2021 to 2023, subsequently applied to the emission factors published by the UK Government.
- Methodology - uses Input-Output modeling (IOM) to link environmental impacts with production techniques and consumer behavior, considering both domestic and foreign supply chains involved in production.
- Accessibility - available as an open resource, allowing access and use by researchers, analysts, and software developers.
For more detailed information, visit the dataset's website.