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Stock impact report

Bayer Selects Northern Trust as Provider for Digital Lifecycle Management of Carbon Credits

Northern Trust Corporation (NTRS) 
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
Company Research Source: Business Wire
The Northern Trust Carbon Ecosystem™ is supporting transactions and custodian functions for Bayer’s Voluntary Carbon Credits program. CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has been selected by Bayer to act as one of its providers for the digital lifecycle management of the Bayer Carbon Program, the company’s voluntary carbon credits program.A part of Bayer’s carbon credits inventory has been recorded on The Northern Trust Carbon Ecosystem™, a fully digital platform for the end-to-end lifecycle management of digital carbon credits. Northern Trust’s capability has allowed Bayer to directly link the U.S. state of origin as well as the vintage year to the digital verified carbon credits.Northern Trust records the carbon credits and acts on instructions from Bayer to transfer and settle digital carbon credit transactions and provide designated custodial services. To date, Bayer has completed several transactions of carbon removal credits, which Show less Read more
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