By Abbas Nazil
An coalition of global industrial, financial, and energy corporations has launched a new coalition named: Carbon Measures, aimed at establishing a standardized and transparent carbon accounting framework for businesses and products worldwide.
Announced on Monday, the coalition brings together industry leaders such as ADNOC, Air Liquide, Banco Santander, BASF, Bayer, CF Industries, EQT Corporation, ExxonMobil, EY, BlackRock’s Global Infrastructure Partners, Honeywell, Linde, Mitsubishi Heavy Industries, Mitsui & Co., Mitsui O.S.K. Lines, NextEra Energy, Nucor, the Port of Rotterdam, and Vale.
According to the group, Carbon Measures will develop a ledger-based system that integrates scientific principles and financial accounting methods to address inaccuracies, double counting, and information gaps in current carbon tracking systems.
The initiative aims to create globally comparable standards that will allow governments and corporations to make better-informed climate and investment decisions.
It will also focus on establishing carbon intensity benchmarks for key industrial materials such as steel, concrete, electricity, fuel, and chemicals, which are foundational to most global supply chains.
Ana Botín, Executive Chair of Banco Santander, stated that the coalition seeks to create a reliable and transparent method for measuring carbon intensity throughout the entire value chain, accelerating the transition toward a low-carbon economy.
The coalition will be led by Amy Brachio, a former EY Global Vice Chair of Sustainability, who was appointed CEO of Carbon Measures.
Brachio emphasized that businesses have long struggled with emissions data that depend on estimates and voluntary reporting, calling for a “market-driven system” that encourages investment and competition to drive decarbonization.
She noted that accurate and consistent emissions data are essential for meaningful progress, saying, “Good data leads to good decisions, and the world needs systems that can unlock market power to reduce carbon emissions.”
Carbon Measures is expected to expand further, with additional corporate members to be announced, marking a major step toward harmonizing global carbon accounting and accelerating climate action.
