Climate Action Data (CAD) Trust pioneers global carbon market data integration by combining security, transparency and collaboration through its infrastructure, data model and governance.16 CAD Trust was launched in 2022 from the World Bank’s Climate Warehouse initiative, in collaboration with the International Emissions Trading Association (IETA) and the Government of Singapore. It leverages a blockchain-powered metadata platform to link, aggregate and harmonize carbon credit registry data. This enhances transparency, reduces the risks of double counting and increases confidence across fragmented and complex global carbon credit markets. The platform enables a public, open-source and common reference layer to support the integrity of carbon trading markets, in line with Article 6 of the Paris Agreement. Collaboration is core to CAD Trust, as it seeks to integrate independent standards, national carbon registries and UN mechanisms and to help users reconcile data between them.17 In addition to data connectivity, CAD Trust is also a multi-stakeholder alliance with industry experts co-developing solutions through clearly defined governance forums. These include the technical committee, which is focused on the technical development of the data model and platform; the user forum, where market practitioners and users advise on data functionality and use; and the council, which provides strategic direction and decision-making. Participation is merit-based and independent of funding, with members opting to contribute according to their interest and expertise. This preserves CAD Trust’s operational independence and focus on pursuing the public good. Robust governance is a fundamental part of the Trust’s value proposition, enabling members to meaningfully contribute within the relevant forum, while ensuring trust, credibility and objectivity. CASE STUDY Climate Action Data Trust – Finalist, 2025 GAEA Award for Moving Force in Business CAD Trust’s blockchain-powered platform enhances transparency, reduces double counting and increases confidence across fragmented and complex carbon credit markets. Together for Sustainability (TfS) is an industry-leading, member- driven coalition of 57 major chemical companies, representing a global annual turnover of more than €800 billion.18 TfS is dedicated to developing and raising industry standards on supply chain sustainability and Scope 3 emissions. TfS assesses, standardizes and improves the sustainability performance of chemical supply chains. Founded in 2011, it has established the de facto global standard for ESG performance across the chemical industry. Members commit to building sustainable supply chains, meeting regulatory requirements and improving the sustainability of their own and their suppliers’ operations. To facilitate collective expertise and member engagement, TfS members apply the TfS tools and processes in their supply chains, provide dedicated resources to lend their expertise to TfS workstreams and regional teams, and ensure their Chief Procurement Officers’ participation. TfS’ most recent work area is the Scope 3 greenhouse gas (GHG) emissions programme, which aims to establish a harmonized industry-wide approach to calculating emissions that drive 75% of the industry’s global footprint. Among the programme’s features is The Product Carbon Footprint Guideline for the Chemical Industry, an industry-specific approach to calculating the carbon footprint of products that is publicly available on the TfS website.19 The product carbon footprint (PCF) data exchange platform enables businesses to exchange PCF data safely, retaining control over their own data at all times. TfS members actively work on the development of the Scope 3 programme, in addition to other TfS tools and processes such as supplier assessments, supplier audits and follow-ups with suppliers to improve their sustainability performance through training materials and tailored corrective action plans. All TfS members have a seat and a vote in the TfS general assembly, which sets the strategic direction for TfS and elects the TfS steering committee and president. CASE STUDY Together for Sustainability – Finalist, 2025 GAEA Award for Moving Force in Business Together for Sustainability assesses, standardizes and improves the sustainability performance of chemical supply chains. Making Collaboration Work for Climate and Nature: Practical Insights from GAEA Award Winners 15