Product vs. Service

A product is tangible (e.g., a shoe); a service is intangible (e.g., logistics, consulting).

Tip: This is relevant for Scope 3.1: here you account for all the products and services you have purchased within a year. Services are mostly calculated using the spend-based method meaning taking the economic value as input data e.g., 2000€ for legal services. Products should be calculated using the average-based method e.g., 1000kg of steel.