Big Names Team Up to Track Carbon Footprints Better

Leading the Charge Some major companies have decided to work together on a big problem: how to accurately measure carbon emissions. BlackRock's Global Infrastructure Partners, Exxon Mobil, and Banco Santander are leading this effort. They want to create a new system that shows exactly where carbon pollution comes from. This way, they can avoid counting the same emissions twice.

The Carbon Measures Initiative

The group, called Carbon Measures, has a clear goal. They want to make sure each company knows exactly how much carbon their products create. Amy Brachio, the head of Carbon Measures, used to work at EY. She knows a lot about sustainability. Now, she's helping to set new standards for measuring carbon intensity in products.

Why It Matters

This is a big deal because it's not just about one company. It's about making sure everyone is on the same page. By working together, these companies hope to make a real difference in fighting climate change. They want to make sure their efforts are effective and transparent.

The Importance of Accurate Measurement

But why is this important? Well, if companies can't accurately measure their carbon footprint, they can't really know how to reduce it. This new system could help them make better decisions. It could also help consumers understand the impact of the products they buy.

Industry-Wide Impact

However, it's not just about the companies involved. This effort could set a new standard for the entire industry. If successful, other companies might follow suit. This could lead to a bigger, industry-wide change. It's a step in the right direction, but it's just one step. There's still a lot of work to be done.