Everimpact, STACS to Bring Transparency to Carbon Credits Market

Everimpact are partnering with STACS, a Singapore-based ESG fintech “to provide banks and corporates involved in the carbon market with greater trust and transparency.”

Their partnership will “promote data-backed carbon credits with end-to-end traceability.”

In the first phase of the project, Everimpact’s Digital carbon tracking platform “will be integrated into the blockchain-based ESGpedia, which powers the ESG Registry of the Monetary Authority of Singapore’s (MAS) Project Greenprint.”

Bringing more credibility and transparency into the carbon market

While carbon credits are critical in the transition to a net zero economy, the carbon market has been “affected by greenwashing due to issues of double-counting, the lack of digital infrastructure to facilitate the Monitoring, Reporting, and Verification process for carbon credit projects, as well as data fragmentation.”

These challenges “have undermined the overall trust in carbon credits and their contribution to reaching net zero.”

The partnership will “bring greater transparency on the carbon credits lifecycle, with buyers and users being able to better assess the quality of the carbon offsets via ESGpedia.”

It will also “bring buyers end-to-end traceability of the carbon credits, as the following data will be immutably recorded onto ESGpedia: the origination of carbon credits by Everimpact, the transaction and ownership details of each carbon credit, as well as the immediate retirement of carbon credits upon purchase, to prevent further speculative trading of the credits.”

This ensures the funds used to buy carbon credits “create a net positive climate impact.”

Accurate, real-time measurement of GHG emissions available through ESGpedia

Through the partnership, Everimpact’s carbon MRV tracking platform will be “used to measure greenhouse gas (‘GHG’) emissions more accurately via its system of satellites, ground sensors, traffic, buildings, and other IoT devices.”

Banks and corporates can “access these carbon data aggregated on a high-level via ESGpedia, which serves as a common, standardized digital registry for holistic ESG certifications and data across various sectors and global verified sources.”

Buyers can also “zoom into Everimpact’s platform for more granular data regarding specific carbon offsets.”

Mathieu Carlier, CEO @ Everimpact, said:

“We’re excited to partner with STACS to bring an end-to-end digital platform to banks and corporates, so they can invest in carbon offsets they can trust, with a proven impact to fight climate change.”

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