The EU Deforestation Regulation (EUDR) promotes sustainable procurement, ensuring products entering the EU market are deforestation-free. The blockchain-based solution TRST01 enhances supply chain traceability, reinforcing compliance with EUDR guidelines.
The urgent need for climate action demands carbon footprint measurement, ESG reporting, and supply chain traceability. TRST01 platform provides organizations with tools to accurately track and measure greenhouse gas emissions, reduce environmental impacts, manage suppliers’ performance, and enhance reputation. Web3 technology and smart contracts can secure transparency and efficiency in tracking sustainability data, enforcing compliance with environmental and social standards. Collaboration between organizations, industries, and governments and industry-wide initiatives like GRI, SASB, CDP, and SBTi can accelerate the transition to a low-carbon economy. Despite challenges, innovation and growth opportunities arise in developing new technologies and practices to build a sustainable global economy
TRST01’s Web3-enabled supply chain management platform revolutionizes the food and agriculture sector by integrating with existing systems, fostering collaboration, promoting sustainability, and empowering consumers. The platform enhances transparency, traceability, and security, addressing key challenges in food safety and sustainability, and offering a competitive advantage to companies adopting this innovative solution.
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.
ChatGPT can support blockchain and Climate Action is by providing a more efficient and accurate method of tracking and verifying the carbon offsetting of companies and individuals. Carbon offsetting is a process by which companies and individuals can offset their carbon emissions by investing in projects that reduce carbon emissions, such as renewable energy projects. ChatGPT can help automate the tracking and verifying carbon offsetting process, making it more efficient and accurate.