The Northern Trust Carbon Ecosystem will support Bayer’s voluntary carbon credits program.
Bayer, the German multinational pharmaceutical and biotechnology company, has tapped Northern Trust to act as one of its providers for managing the Bayer Carbon Program, a voluntary carbon credits program.
“Using The Northern Trust Carbon Ecosystem enables us to seamlessly transact verified credits, providing high-quality carbon offsets to companies, and thereby supporting our farmers’ regenerative agricultural efforts,” says Cornelius Streit, global head of Carbon Operations at Bayer’s Crop Science, in a prepared statement. “Northern Trust’s platform allows for the efficient transfer and settlement of the digital credits on the pre-agreed settlement date.”
Bayer’s Crop Science division offers solutions to enable and scale regenerative agriculture. Part of Bayer’s carbon credits inventory “has been recorded on The Northern Trust Carbon Ecosystem, a fully digital platform for the end-to-end lifecycle management of digital carbon credits,” officials say. “Northern Trust’s capability has allowed Bayer to directly link the U.S. state of origin as well as the vintage year to the digital verified carbon credits.”
Northern Trust will record the carbon credits and acts on instructions from Bayer to transfer and settle digital carbon credit transactions and provide designated custodial services, officials say. Bayer has completed several transactions of carbon removal credits, which its customers retired to offset their emissions.
Northern Trust formally launched the Northern Trust Carbon Ecosystem in September 2024 with the first live transactions. The ecosystem is based on Northern Trust’s digital assets platform, Northern Trust Matrix Zenith, which supports key digital asset lifecycle events from asset creation, trading, pricing and custody to reporting, officials say.
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