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Archy de Berker

CarbonChain's methodology receives third-party verification

13 October 2022, London, UK

CarbonChain is proud to have received third-party verification for its carbon accounting methodology.

Verification comes from two separate world leaders in testing, inspection and certification services (TIC): SGS and Bureau Veritas.

They have each independently reviewed and verified our methodology as aligned with global carbon accounting standards (specifically, the GHG Protocol). 

Why is verification so important?

For companies and financial institutions who use CarbonChain's platform to measure and track their carbon footprint, this means their emissions are calculated through a third-party verified methodology.

This is an extremely important mark of credibility for internal and external emissions reporting. Third-party verified methodology tells stakeholders that they can trust the underlying data in carbon disclosures, emissions reduction targets, and progress tracking.

CarbonChain's commitment to accuracy

At CarbonChain, we're committed to unbiased, credible carbon accounting that's highly accurate and auditable. That's why we're proud to receive third-party verification for the methodology that powers our automated carbon accounting platform.

Verification improves the transparency and consistency of our calculations, and therefore of customers' ongoing emissions tracking and decarbonization efforts. 

In addition to verification, we're frequently reviewing and improving our methods. For example, our third-party verified methodology is also being reviewed independently by GHD to ensure it's as robust as possible. 

Supply chain (scope 3) carbon accounting is renowned to be the most challenging. With this verification, customers can trust that CarbonChain provides data-led insights that they and their stakeholders can trust, under increased scrutiny of poor carbon accounting and greenwashing. 

Who can use CarbonChain? 

CarbonChain provides the entire commodities value chain with carbon intelligence for the net-zero transition.

Using machine learning, we automate our customers' supply chain carbon accounting, so they can tackle risks, reduce emissions, and accelerate the transition to the net-zero economy. 

Our platform is used by the likes of Societe Generale, Rabobank, Concord Resources, IXM and Gunvor (view our case studies here).

We use activity-based methodologies (instead of economy-based), and source-level data to provide accurate CO2e calculations at the asset level, and a precise carbon footprint for the whole commodity trade flow. 

Picture of Jessica Boekhoff
Carbon Emissions Analyst