The TRST01 Web3 Framework empowers businesses to reduce supply chain carbon footprints by enhancing transparency, traceability, and automation. This approach fosters collaboration, informed decision-making, and sustainable practices for a greener future.
Web3 Technology holds immense promise for achieving net zero targets by providing a decentralized, transparent, and accountable framework. By leveraging (dMRV) and incorporating ESG factors into decentralized networks, we can create a robust technology framework that drives sustainability and helps mitigate the impacts of climate change. As Technology continues to evolve, we will keep exploring the potential of real-world use cases of Web3 and its opportunities for achieving a more sustainable future.
Bridging the gap between the virtual and real-world harnessed by the power of Web3 and Metaverse technologies is critical for engaging GenZ for forest conservation. What we leave behind is what our future generations will live in; therefore, it is imperative that we take action and also inspire the young to think for the environment and preserve our planet’s biodiversity for the generation to come.
India’s G20 priorities for the upcoming years include focusing on sustainable development and combating climate change through a “Green Development Pact” with a roadmap of actions over the next decade to tackle climate change and international cooperation on data for developmentData is a critical tool in the fight against climate change.
TRST01 is creating a difference in the ESG space with its product Footprint, an ESG reporting tool that uses decentralized technology to enable businesses to collect, store, and share ESG data securely and transparently. The tool allows companies to track their ESG performance in real time, enabling them to identify areas for improvement and take corrective action.
One of the critical tools for achieving these goals is MRV, or Measurement, Reporting, and Verification. MRV refers to the processes and systems that enable countries and other stakeholders to track progress towards their climate goals, report on their emissions and climate actions, and ensure that their reported data is accurate and reliable.
Footprint by TRST01, a blockchain-enabled ESG reporting tool built on Web2 and Web3.Footprint by TRST01 is a comprehensive tool that follows the 2021 Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Carbon Disclosure Project (CDP) guidelines. It also links to the 17 United Nations Sustainable Development Goals (UNSDGs), allowing companies to monitor and report on their progress towards achieving these goals.
The democratisation of carbon credits is critical to achieving the goal of net-zero emissions. Carbon credits are a market-based mechanism for reducing GHG emissions and providing financial incentives for reducing emissions.
Climate change is one of the biggest challenges facing our planet today. Its effects on agriculture and food production are particularly concerning, as they threaten to disrupt the global food supply chain and leave millions of people without access to adequate nutrition. In response to this crisis, the agricultural industry is turning to web3 innovation to connect farmers, researchers, and consumers and find new ways to mitigate the impacts of climate change on food production.
The carbon footprint of the food supply chain is the total amount of greenhouse gases (GHGs) produced throughout the entire life cycle of a food product, from its production to its consumption. This includes emissions from farming and processing, transportation, and packaging.