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NFS ECO Appoints Northern Trust to Administer Natural Capital Credits
NFS ECO Appoints Northern Trust to Administer Natural Capital Credits

Business Wire

time29-04-2025

  • Business
  • Business Wire

NFS ECO Appoints Northern Trust to Administer Natural Capital Credits

CHICAGO & LONDON--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today that it has entered into a service agreement with UK-based Ecosystem Certification Organisation (ECO) to provide recordation and settlement services for digital carbon credit units issued to project developers under the Natural Forest Standard (NFS), which is administered and governed by ECO. Under the agreement, Northern Trust will record the 'Natural Capital Credits' generated by NFS-certified projects and act on instructions from each project developer to transfer and settle digital carbon credit transactions and provide custodial services. Share Under the agreement, Northern Trust will record the 'Natural Capital Credits' generated by NFS-certified projects and act on instructions from each project developer to transfer and settle digital carbon credit transactions and provide designated custodial services. The NFS has been developed for natural forestry projects within the voluntary carbon market. NFS provides a mechanism for crediting the carbon, biodiversity, and socio-economic benefits achieved by preventing deforestation and degradation of large-scale natural forest projects. ECO supports project developers utilizing the NFS methodology and works with projects from the initial implementation to credit issuance and helps ensure the methodology and governance process are transparent and credible, which is a key component of the standard's integrity. ECO has chosen to outsource recordation and settlement services to strengthen independence, enhance efficiency, and maintain a clear separation between governance and registry operations. This decision reflects ECO's commitment to transparency, integrity, and the delivery of a strong and effective registry service. Victoria Kelly, Director at Ecosystem Certification Organisation, said: 'Appointing The Northern Trust Carbon Ecosystem to administer the Natural Capital Credits will provide full lifecycle management of all digital carbon credits today and in the future, ensuring transparency and traceability for all Natural Capital Credits issued to projects verified under the Natural Forest Standard.' Jonathan Bowie, Director at Ecosystem Certification Organisation added: 'By working with Northern Trust, we are able to focus further attention on our core business offering of supporting operational activities in relation to the administration of the main functions of the Standard.' Justin Chapman, Group Head of Strategic Partnerships, Digital Assets and Financial Markets, at Northern Trust, said: 'We are pleased to provide recordation services to ECO. Working with standards bodies who are looking to separate responsibilities supports further maturity of the Voluntary Carbon Market.' Northern Trust announced the formal launch of The Northern Trust Carbon Ecosystem in September 2024 with the first live transactions. The ecosystem is powered by Northern Trust's digital assets platform, Northern Trust Matrix Zenith™ which is the latest milestone in Northern Trust's asset servicing innovation journey. Northern Trust Matrix Zenith supports key digital asset lifecycle events from asset creation, trading, pricing and custody to reporting. The Northern Trust Carbon Ecosystem is offered through The Northern Trust Company, Chicago. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Remarkable Women in our community: Victoria Kelly
Remarkable Women in our community: Victoria Kelly

Yahoo

time05-03-2025

  • General
  • Yahoo

Remarkable Women in our community: Victoria Kelly

(WIVT/WBGH) – The month of March, along with being National Women's History Month, is Nexstar's annual remarkable women contest. News 34 will be showcasing four finalists throughout the month, beginning tonight with Victoria Kelly. After getting out of the military, her service hasn't stopped, as she works with some of the most vulnerable. Victoria Kelly's knack for serving others didn't stop with the military. Victoria Kelly Served in Iraq from 2003 to 2005 before leaving the service in worked in logistics and as a combat life saver. Since returning to the states, she's become the chair of the veterans committee for CSEA Region Five and the local 449. Kelly says, 'I have a soft spot for veterans. And I like to see them get things they deserve, myself included.' She organizes an annual golf tournament at Belden Hill and just last month, used some of the money that was raised and donated twenty electric razors to veterans in the State Veterans Home in Oxford. And that's in her free time. For work, she is a house director at Broome Developmental Center, caring for People with Developmental Disabilities. Growing up, Kelly watched her mom work a similar job with the state. Kelly says, 'I grew up with people developmentally disabled living in our home for family care. And it was something that I was comfortable with and I felt like I had a knack for.' She goes above and beyond by taking her clients to see family members, planning trips, and participating in a polar plunge that raised around $16,000 for the special Olympics last year. Remarkable Women Nominee Victoria Kelly says, 'Some of the things I like to do for the individuals is like, we plan outings, fun outings. We've gone to Jones Beach in New York City, we've gone to Niagara Falls, Lake Ontario, state fair, Broome County Fair. It's fun to keep them active in the community.' She works with them to help reach their own goals and get them ready for the workforce. Kelly says it's the people she works with that keep her coming back. Kelly says, 'I've been in this field for 18 years, and it's definitely the individuals and to see their growth and change, and their different personalities and getting to know them. It's fun.' On top of everything she does, Kelly is a wife, and the mother of twin daughters born through IVF. Kelly says she loves how her schedule keeps her busy and doesn't want to slow down anytime soon. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

BCAC raises over $300k for local arts organizations
BCAC raises over $300k for local arts organizations

Yahoo

time05-03-2025

  • Entertainment
  • Yahoo

BCAC raises over $300k for local arts organizations

BINGHAMTON, N.Y. (WIVT/WBGH) – There was good news for local arts organizations on Tuesday as a fund created to support them raised more money this year. The Broome County Arts Council announced the recipients of its 2025 United Cultural Fund. This year, the Arts Council raised $307,000, a 12% increase over last year. $242,000 was divided up between seven major organizations to assist them with their operating costs. They are the Binghamton Philharmonic, Roberson, Tri-Cities Opera, Good will Theatre, Discovery Center, EPAC and LUMA. 'These funds will directly support local artists and organizations ensuring that our vibrant arts scene continues to inspire, enrich and honor Broome County,' said Chang. A dozen other non-profits and individual artists received $1,000 grants to support community projects. They include Music in the Glen, the Binghamton Downtown Singers and the Phelps Mansion Museum. Remarkable Women in our community: Victoria Kelly JUST demands enforcement of HALT Law during Tuesday rally BCAC raises over $300k for local arts organizations UE families react to administrator's controversial Instagram post Garage Taco Bar under new ownership Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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