Climate Impact X (CIX) has successfully completed the latest annual independent audit of its suite of carbon credit benchmark products: CIX ARR X (CAX), CIX Cookstoves X (CCX) and CIX Nature X (CNX).

Conducted by professional services firm Ernst & Young, the assessments ensure that CIX’s benchmark methodology and governance processes continuously adhere to the International Organisation of Securities Commissions Principles for Oil Price Reporting Agencies (IOSCO Principles). The assurance reviews for CAX and CCX are based on specific dates of assessment, while the review for CNX covers a pricing period of up to 12 months.

The IOSCO Principles offer globally recognised best practice guidance on governance and control systems in the publication of commodity price benchmarks. They cover various aspects including price assessment methodology, the management of contract and index methodology changes, data reporting process, supervision of assessors, audit trails, the management and prevention of conflicts of interest, as well as auditing.

This audit, along with subsequent annual reviews, provides market participants with added confidence that CIX’s benchmarks—used in physical commercial agreements or derivatives markets—are administered in alignment with the highest possible global standards.

Full details of the scope and findings of the audit are transparently available on CIX’s website.

IOSCO audit reports for previous years are available upon request at pricing@climateimpactx.com. Please reach out to team for any queries or further clarification regarding this notice.