b'Mark spreads theword on the CarbonPrimeinitiative at International Emission Trading Association panelat COP27, with the BRK Teamalso at COP27, and atGood-1 in Brazil atthe Global AgribusinessInvesting in emission reduction opportunities is just like anyForum in 2022other investment, explained Alasdair Were of the International Emissions Trading Association (IETA). If Im buying shares in a company, I want to know how that specific company performs. I need to understand that companys primary data. Secondary data, like sector wide performance and industry history are relevant, but far from adequate to justify investment in a specific stock.Looking ahead, the CarbonPrime initiative plans to expand the scope of primary data to include various areas such as seed production, fertilizer production, small and medium farmers, and leather products. Simultaneously, they will ensure the results are audited, making them transparent and verifiable. By followingLyra now stands at the helm of an initiative with full steam established frameworks such as the WBCSD Pathfinder frame- ahead, working with partnerships already boasting leaders such work and industry standards like GHG Protocol emission factorsas Bayer, AMAGGI, and JBS, who have committed to achieving a and allocation principles, the CarbonPrime initiative intendsclimate-positive approach based on SBTi. Rumo has also joined to develop an open-source sector-specific framework that willforces with the project, and numerous other companies have ex-evolve over time. pressed their interest in participating. This pioneering collabora-The collaboration between Sumitomo Corporation of Amer- tion sets an exemplary precedent for sectors beyond agriculture icas and CarbonPrime goes beyond environmental impact.and exemplifies the goal of accelerating the deployment of By sharing relevant primary data, the initiative aims to poollow-carbon solutions globally.resources and monetize new Carbon Assets. Now that we haveSo when Mark Lyra hatched his idea, it was a behemoth of a a baseline, we can also start sharing primary data on mitigationconcept aiming to simplify data collection and analysis for opportunities across the supply chain, explained Lyra. Thiscompanies assessing their environmental impact and subse-innovative approach has the potential to revolutionize the use ofquently reward their decarbonization efforts. What he envi-carbon credits, infrastructure investment, and the developmentsioned will now come to revolutionize the field, paving the way of digital carbon assets. for a transparent examination of emissions data from all parties SCOAs forward-thinking approach aligns with the Climateinvolved and ultimately guide them toward achieving real-world Warehouse project, where Lyras team has been involved fromdecarbonization goals. the beginning. With the establishment of the Climate ActionBy embracing science, transparency, and reputation, Sumitomo Data Trust (CAD Trust) last November, Lyra and his colleaguesand CarbonPrime are paving the way for a positive and equitable expect this digital ecosystem to serve as a gateway for privatetransition to a low-carbon economy. It just goes to prove that sector-led supply chain decarbonization efforts based on audit- success is inspiration plus perspiration, and SCOA does enrich ed primary data flows. the lives of employees by offering opportunities like the one that led Mark to a dream fulfilled: making a difference.Sumitomo Corporation of Americas 5'