This is where KPMG firms have been able to step in.
KPMG in the US has formed a strategic alliance with Context Labs a leading enterprise data fabric-based climate analytics company based in Cambridge, MA and Amsterdam, NL dedicated to sourcing, organizing, and contextualizing the world’s climate information.
Together, Context Labs and KPMG in the US are helping Williams, a major US mid-stream gas company, to quantify the carbon intensity and energy efficiency of their pipelines and over 700 compression, treating and processing facilities across the countries. Context Labs used Asset Grade Data (AGDâ„¢) generated by their Immutablyâ„¢ data fabric to perform reporting and analytics with their DaaSâ„¢ or Decarbonization as a Serviceâ„¢ offering.
KPMG in the US then consumes data from Immutably through its Net Zero Carbon Analytics platform, performing calculations and analysis in parallel to further increase trust with Williams and buyers. The data from KPMG in the US is tracked on Context Lab’s blockchain and included in the certificates that are shared with Williams. For example, in December 2022, Williams entered into an agreement with Coterra Energy and Dominion Energy, establishing the industry’s first NextGen natural gas certification process across all segments of the value chain, from production through gathering and transmission. As a result of these efforts, Dominion Energy elected to procure verified low emissions natural gas from Williams and Coterra with emissions tracked end-to-end from well head to customer delivery. Through consuming certified low-emissions natural gas, Dominion Energy is able to prove a reduction of Scope 3 emissions by 120,000t of CO2e per year.4