Heads from Microsoft, Bayer and Tata Steel among new climate accounting body

The first big names behind a project to develop an alternative to the GHG Protocol have been announced. 

The International Chamber of Commerce (ICC) and Carbon Measures have appointed 10 members to its new Technical Expert Group on Carbon Accounting. 

They include Microsoft’s head of sustainability science and innovation, Amy Luers; Bayer’s head of engineering and technology, Armin Knors; and the chief financial officer of Tata Steel Group, Koushik Chatterjee.  

Carbon Measures was launched last year, with the backing of Exxon, BASF and Bayer.

With the ICC, it wants to create a new ledger-based framework for calculating greenhouse gas emissions, which will potentially offer an accounting alternative to the GHG Protocol.  

Real Economy Progress explains the initiative in more detail in this article.

“The first group reflects a shared ambition to establish a system that will accurately differentiate low-carbon products, enabling policy and market competition to accelerate meaningful emissions reductions,” said Amy Brachio, the CEO of Carbon Measures, in a statement.

Alicia Seiger, a board director at both the Chan Zuckerberg Initiative and the E-Ledgers Institute, is also on the new technical committee, along with senior figures from finance and academia. 

The application window has been extended to February 15th, and the second cohort of panel members is expected to be announced shortly after that.