KPMG Airs Blockchain Solution to Help Corporates Offset Carbon Emissions

"Big Four" firm KPMG says its patent-pending blockchain solution will help organizations measure, report and offset their carbon emissions.

AccessTimeIconOct 8, 2020 at 11:05 a.m. UTC
Updated May 9, 2023 at 3:12 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

"Big Four" professional services firm KPMG has announced a new patent-pending blockchain solution intended to help organizations measure, report and offset their greenhouse gas emissions.

  • According to a Tuesday press release, the firm describes its Climate Accounting Infrastructure (CAI) as a transparent platform that offers companies a means to trace their emissions.
  • The CAI is intended to complement an organization's existing systems including IoT sensors with outside data sources to set up an indelible record of emissions on a blockchain. 
  • The solution comes at a time when investors are broadening their scope beyond "financial factors" to include social and corporate governance practices, KPMG's U.S. blockchain lead, Arun Ghosh, said in the announcement.
  • Looking ahead, climate infrastructure will be "critical" in order to meet stakeholder expectations, Ghosh said.
  • To bring its solution to market, KPMG will work with industry groups, large tech players and climate-focused tech companies.
  • These will include businesses such as blockchain data visualization company Context Labs, software company Prescriptive Data and ConsenSys-backed Allinfra, a blockchain firm already working on carbon offsetting infrastructure.
  • In June, KPMG also announced a suite of tools designed to enable corporate customers to better manage their crypto-asset services.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.