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.
“Accessing accurate and complete emissions data is key for effectively measuring a company’s carbon footprint,” said KPMG U.S. ESG Leader Rob Fisher. “The type of data, analysis and insights provided by KPMG and Context Labs through this alliance will help companies accelerate their decarbonization efforts with specific actions they can take to reduce their environmental footprints.”
The alliance combines Context Labs’ advanced technology, which has been proven in the marketplace, with KPMG’s leading reputation in providing 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.
“In 2022, KPMG U.S. made an initial investment in Context Labs. Since then, we have worked together to help companies improve the sophistication and rigor of their emissions reporting,” said Dan Harple, Founder and CEO of Context Labs. “I am excited to announce the establishment of this alliance with KPMG U.S, which will enable Context Labs’ technology to further bolster the integrity, veracity, and commercial value of our customers’ data, leveraging KPMG’s best-in-class capabilities to help enhance transparency around environmental reporting and disclosure.”
Williams is leveraging Context Labs’ Decarbonization-as-a-ServiceTM 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.
“Williams’ NextGen Gas platform is the industry’s first comprehensive, full value-chain certified natural gas program, supported by KPMG U.S. and Context Labs,” said Chad Zamarin, Executive Vice President of Corporate Strategic Development at Williams. “We’ve established a platform to bring low-carbon intensity products to our customers to provide greater trust, transparency and transactability. This initiative exemplifies the collaboration and innovation needed to demonstrate that Williams is committed to credible and transparent solutions to prove the quality of low-carbon intensity natural gas.”
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