BlackRock’s GIP Joins Exxon in Backing New CO2 Accounting Model
FacebookXLinkedInEmailLinkGiftExpandAmy BrachioSource: Amy BrachioFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Alastair MarshOctober 20, 2025 at 7:00 AM UTCUpdated on October 20, 2025 at 8:29 AM UTCBookmarkSave
A group of firms including BlackRock Inc.’s Global Infrastructure Partners, Exxon Mobil Corp. and Banco Santander SA have joined forces to push for a new way to measure the carbon emissions of the products they make, buy and finance.
The coalition, which also lists chemicals giant BASF SE and consultancy EY as backers, will develop a framework that eliminates double-counting of carbon pollution and attributes emissions to their sources, according to Amy Brachio, the chief executive of the newly formed group, Carbon Measures. Brachio, who used to be global vice chair for sustainability at EY, said a separate goal is to design new standards to measure the carbon intensity of specific products.
Source: Original