WEF proposes new carbon accounting standard for crops and land use to improve corporate reporting

The World Economic Forum has published a proposal for a new carbon accounting standard specifically for crops and land use. The standard aims to help companies measure and report greenhouse gas emissions and removals from agricultural activities and land management on their balance sheets. This addresses a long standing gap in corporate carbon reporting, where land based emissions are often estimated inconsistently or left out entirely. If adopted, the standard could improve the credibility of carbon credits tied to agriculture and forestry by requiring more rigorous and consistent measurement. It would also give investors and regulators a clearer picture of a company's full carbon footprint. The proposal is part of a broader push to treat nature as a measurable asset in corporate accounting, not just an externality.