ASI Launches New CoC Material Accounting Tool to support Entities in their CoC Material accounting and annual reporting

The CoC MAT tool supports CoC Certifying Entities in building their own CoC Material Accounting Systems.
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With the newly developed CoC Material Accounting Tool, Entities can:

• Prepare to fulfil the CoC Standard requirements more efficiently.
• Align Material Accounting Systems with all the requirements included in the ASI CoC Standard.
• Track their current CoC Material Input %, CoC Material Output %, and maximum CoC Material availability at any point in time to control and plan future CoC Material sales.
• Save time to generate the Annual CoC Material Report to ASI.

The Tool was designed to be ready to use for all types of Entities, regardless of their size and position along the aluminium value chain. Entities can choose to use the CoC MAT to manage their own Material Accounting System or incorporate elements of it in their existing systems if they wish.  Use of the Tool is optional.

Main CoC MAT functionalities include:

• Provides a framework to record all relevant data as prescribed under CoC Standard V2 related to purchases and sales of CoC and Non-CoC Material in a Material Accounting Period.
• Reconciles CoC Material volumes on a monthly and annual basis, by each Material type, flow direction (e.g. CoC/Non-CoC Inputs, Outputs, Inflows)
• Automatically calculates volumes of Positive Balance to be carried into the next Material Accounting Period.
• Automatically generates an Annual CoC Material Report required to be submitted to the ASI Secretariat under Criterion 1.7 of the Chain of Custody Standard.