What’s the old saying, “You can’t control what you can’t measure”? Here is news about a partnership to better measure environmental footprint.
KPMG LLP and Context Labs today announced an alliance to help companies better measure, quantify, and reduce their environmental footprints using distributed ledger technology and advanced climate data and analytics, enabled with machine learning and AI. The alliance will provide strategic support to companies working to reduce environmental impact, analyze their efforts to decarbonize, and provide transparent and traceable data, as investors, regulators, and other stakeholders increasingly demand ESG disclosures.
The alliance combines Context Labs’ technology with KPMG’s environmental monitoring, analytics and reporting for customers across market sectors. The collaboration between Context Labs and KPMG U.S. is already demonstrating results with Williams, an energy company handling 30% of the natural gas in the United States.
Williams is leveraging Context Labs’ Decarbonization-as-a-Service platform to track and measure emissions across the full energy value chain, executing the energy industry’s first end-to-end methane intensity certification, supported by KPMG. The platform provides transparent data and insights on the carbon intensity and climate performance attributes for energy sector customers.