Hashstacs (STACS), a blockchain-based environmental, social and governance (ESG) fintech firm, has partnered with French company Everimpact to bring greater transparency and trust to banks and corporates operating in the carbon market.

The partnership aims to promote data-backed carbon credits with end-to-end traceability.

The first phase of the project will involve the technical integration of Everimpact’s digital monitoring, reporting and verification (DMRV) platform to track carbon emissions into the blockchain ESGpediawhich powers the Monetary Authority of Singapore’s (MAS) Project Greenprint ESG Registry.

The life cycle of carbon credits will become more transparent, and buyers and users will be able to easily access the attributes and data of carbon credits through ESGpedia’s common, standardized registry.

This allows them to better understand the quality of carbon offsets, contributing to better investment decisions.

Another key benefit for buyers is end-to-end carbon tracking, with all subsequent data recorded on ESGpedia at all times.

This includes the creation of Carbon Credits by Everimpact, the transaction and ownership details of each Carbon Credit, and the immediate termination of use of Carbon Credits after purchase to avoid re- or double-trading of Carbon Credits.

This is particularly important to ensure that the money used to buy carbon credits contributes to an actual net positive impact on the climate.

Everimpact’s MRV carbon tracking platform will also be used to more accurately measure greenhouse gas (GHG) emissions using a system of satellites, sensors, traffic, buildings and other IoT devices.

Banks and corporates can access this high-level aggregated carbon data through ESGpedia for holistic ESG certification and data across sectors and globally verified sources.

Buyers can click and dive deeper through the Everimpact platform for more detailed data regarding specific carbon offsets.

Mathieu Carlier

Mathieu Carlier

Mathieu Carlier, CEO and founder of Everimpact, said:

“We are delighted to partner with STACS to provide an end-to-end digital platform for banks and corporates to invest in carbon offsets they can trust. We enable you to track a ton of CO2 directly from the source and turn it into a digital financial asset that can be tracked and certified.

We want to make it easier for organizations to invest in credible carbon offsets that have a proven impact on tackling climate change.”

Benjamin Soh

Benjamin Soh

Benjamin Soh, Managing Director STAX said

“At STACS, we are committed to empowering banks and corporations on their path to carbon neutrality through holistic data and ESG technologies.

Through our partnership with Everimpact through ESGpedia, we are committed to greater transparency in the global carbon market and provide high-quality, data-backed carbon credits with end-to-end traceability to ensure the integrity of traded carbon credits.”

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