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The RMI report 'COP26 Action Plan: Three Urgent Steps to Standardize Emissions Reporting' proposes a 'digitally native' GHG Protocol to improve the visibility and traceability of scope 3 greenhouse gas emissions across supply chains. The author argues that current accounting systems rely too heavily on approximations and spreadsheets, which hinders the ability to compare companies and incentivize decarbonization. The plan outlines a three-step transition: establishing unified accounting principles that prioritize primary data over averages, building a technical architecture based on distributed ledger technology to track embodied carbon at the product level, and evolving the market so that carbon emissions become a digital 'unit of trade' integrated into corporate financial disclosures.