A consortium led by Context Labs, the UNFCCC Climate Champions, and Xpansiv today announced the launch of the Commodity Genome Project™ (CGP), an open-source language for commodity markets housed at One Earth, a not-for-profit organization working to accelerate climate action. The CGP establishes a language for describing commodities’ environmental, social, and governance (ESG) footprints—in addition to their physical attributes. The project’s goal is to accelerate the proliferation of sustainable commodity standards by 2030 by creating a common language for describing the comprehensive data profile for any given unit of commodity production. This collective framework 

will serve as an essential foundation upon which new standards can be built.

By enabling clear comparisons of ESG footprints and ensuring the integrity of product information, the CGP empowers markets to appropriately value the materials at the base of global supply chains. This paradigm shift in commodity valuation can potentially redirect trillions of dollars toward regenerative production practices. The CGP was created as a public good, and participants are collaborating to define new digital ESG-inclusive commodities and price signals.