System and method for product carbon footprint (PCF) assessment

A system, comprising:

• a processor;
• and
• a non-transitory memory communicatively coupled to the processor, wherein the memory comprises one or more instructions which when executed by the processor, cause the processor to:
• collect, via an inventory management tool, a inventory data associated with at least one of a product and a process from a plurality of data sources in a facility, wherein the inventory data comprises at least raw material usage data, energy consumption data and process activity data, wherein the inventory data is a real-time data;
• reconcile the inventory data with a process input data obtained from a control system historian to validate actual resource consumption associated with the product or the process;
• determine, using a Product Carbon Footprint (PCF) computation module, a Product Carbon Footprint (PCF) value associated with the at least one of the product and the process by applying corresponding emission factors to the reconciled inventory data;
• monitor the reconciled inventory data associated with at least one of the product and the process of the facility to detect an occurrence of at least one change in one or more parameters of the inventory data;
• in response to detecting the occurrence of the at least one change, automatically update the inventory data in real-time;
• dynamically determine an updated PCF value in real-time upon detecting the at least one change in parameters of the inventory data;
• and
• display, via a user interface of a display device operatively coupled to the processor, the updated PCF value associated with the at least one of the product and the process to enable real-time monitoring of emissions generated during operation in the facility.