HOLOFON Zrt.'s carbon accounting model measures the environmental impact of genuine and comprehensive open-loop plastic recycling activities based on strict circular economy principles. The resulting emissions reductions is based on two main elements - the avoided emissions of virgin material production and the avoided carbon footprint of alternative waste management such as incineration or landfilling.
The model only takes into account recycling volumes where the processor has acquired accounting rights over the incoming waste material flows either by purchasing the waste or receiving a waiver from the entitled legal person. It only accounts processes where incoming waste have been transformed both physically and legally, ceasing to be waste as end products.
The carbon calculation applies exclusively to these secondary raw materials as end products successfully reaching “end-of-waste” status, but only to the extent that the degree of processing demonstrably exceeds the minimum legal requirements on a voluntary basis.
In the case of recycled end products, the general deterioration in material and function (downcycling) compared to virgin materials was also taken into account as a factor reducing the result.
