Xpansiv Co-Authors Recommendations for Transaction Integrity and Information Security for Carbon Markets Infrastructure
Reflected in the Technical Guidance Series Developed by the Carbon Markets Infrastructure (CMI) Working Group convened by the World Bank
LONDON, NEW YORK, SYDNEY – Xpansiv, the leading infrastructure provider for the global energy transition markets, today highlights its recommendations for bringing greater transparency, harmonization of standards, and information security to the global carbon markets in the hopes of further bolstering market confidence and growth.
Xpansiv co-authored with S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, recommendations reflected in the “Transaction Integrity for Carbon Markets Infrastructure: Tools and Recommendations” and “Information Security for Carbon Markets Infrastructure: Tools and Recommendations” segments of the technical guidance series developed by the Carbon Markets Infrastructure (CMI) Working Group convened by the World Bank*, which were released on June 11th.
TECHNICAL GUIDANCE SERIES
This guidance provides critical understanding of how transaction integrity serves as the backbone of the carbon marketplace. It outlines essential frameworks such as Know Your Customer (KYC), Anti-Money Laundering (AML), and Anti-Bribery and Anti-Corruption (ABAC) that are crucial for ensuring the legitimacy of carbon credits and preventing fraudulent activities within the marketplace, as well as outlining challenge in reporting emissions, the importance of robust registries, case studies and best practices and comprehensive understanding of the operational dynamics of carbon markets and their critical role in addressing climate change.
These recommendations provide a structured approach to strengthening information security across carbon market infrastructure, detailing key vulnerabilities and mitigation strategies that are essential for organizations operating in this space. It identifies core categories of information security, introduces a maturity-based assessment framework that guides organizations through different stages of readiness; includes actionable recommendations for various stakeholders, including governments, registries, market platforms, service providers and successful case studies.
The CMI Working Group, which includes about 45 entities from around the world, was first convened by the World Bank in 2024, with Xpansiv and S&P Global Commodity Insights, identified as co-chairs of two of five workstreams to help identify technical guidance around transaction integrity and security for carbon markets.
Subgroup and workstream members have regularly engaged through stakeholder consultations, technical discussions, assessments, and research—to advance the mandate of the CMI and address the priority areas identified in A Roadmap for Safe, Efficient, and Interoperable Carbon Market Infrastructure (CMI Working Group, 2024). The priority areas include Ecosystem Governance, Information Security and Transaction Integrity, Data and Systems Interoperability, and Digital Measurement, Reporting, and Verification (MRV) of Carbon Credits.
