By Abbas Nazil
The International Chamber of Commerce and Carbon Measures have convened a global panel of experts to design a new framework for ledger-based carbon accounting at the product level.
The initiative aims to establish clear principles for tracking greenhouse gas emissions across value chains using a verifiable and standardized digital ledger system.
The framework is expected to influence corporate climate disclosures, international standards setting and future government policies linked to low carbon products.
ICC and Carbon Measures announced the first ten members of the Technical Expert Panel on Carbon Accounting, marking a significant step toward harmonizing emissions measurement globally.
The panel’s mandate is to create a system capable of delivering timely, accurate and comparable emissions data at the product level.
Organizers say the lack of consistency across existing voluntary standards has limited the effectiveness of carbon accounting in guiding investment and policy decisions.
The newly formed panel brings together specialists from industry, finance, academia, science and civil society.
Experts were selected from major global markets including the United States, Europe, India, Japan and Singapore.
Members include senior sustainability executives, former industrial leaders, public policy scholars and financial sector professionals.
Among those appointed are leaders from organizations such as Microsoft, the Chan Zuckerberg Initiative, Banco Santander, Tata Steel and Resources for the Future.
Former Rio Tinto chief executive Jakob Stausholm and representatives from major global investment and trading firms are also part of the group.
All panelists will serve in a personal capacity to ensure independence and technical transparency.
Carbon Measures Chief Executive Amy Brachio said the group reflects a shared ambition to build a credible system that can accurately differentiate low carbon products.
She noted that reliable product-level emissions data would allow markets and governments to reward genuine decarbonization efforts.
ICC Deputy Secretary-General Andrew Wilson said the panel’s diversity reflects the complexity of unlocking carbon accounting as a driver of emissions reduction.
He added that strong international interest highlights the growing demand for trusted emissions data.
The accounting framework is expected to play a key role in emerging areas such as Scope 3 reporting, embodied carbon standards and sustainable procurement.
Governments exploring carbon-based trade measures and green industrial policies are also likely to rely on such data systems.
Accurate emissions differentiation could affect market access, pricing competitiveness and regulatory treatment for manufacturers worldwide.
ICC is overseeing the expert selection process to ensure both geographic balance and deep technical expertise.
Due to high interest, the application deadline has been extended to February 15, 2026.
Additional experts will be appointed ahead of the panel’s first formal meeting later in the quarter.
If widely adopted, the ledger-based system could reshape how emissions are verified across industries including energy, transport, agriculture and consumer goods.
Supporters say it could reduce data gaps that complicate climate reporting, finance and carbon markets.
The initiative signals a broader global shift toward standardized, transparent emissions measurement.
Its outcomes may help define how low carbon products are recognized and traded in a carbon-constrained global economy.