Carbon accounting, a method to quantify and report GHG emissions, is pivotal for modern organizations. It enables a comprehensive view of environmental impact, informs reduction strategies, aids in setting climate goals, and ensures regulatory compliance. Through the distinct lenses of Scopes 1, 2, and 3, organizations can holistically assess direct and indirect emissions, fostering sustainability, informed decision-making, and future growth.
On International Coffee Day, TRST01Chain stands out for promoting sustainability in coffee supply chains. Addressing the European Union Deforestation Regulation (EUDR) compliance, it facilitates traceability from farm to cup, ensuring ethical labor practices and reduced environmental impact, thus aligning the coffee sector with modern-day eco-conscious market demands.
“FootPrint by TRST01” leverages the TRST01Chain to revolutionize Scope 3 reporting, offering unprecedented transparency in tracking supply chain carbon emissions. This integration aids businesses in effectively addressing their environmental impact, underscoring the importance of innovative technology in promoting sustainable practices and enhancing ESG accountability in the modern corporate landscape.
TRST01 has stepped into the AI domain with the introduction of its groundbreaking tool, #footprint . This innovative tool leverages both artificial intelligence and blockchain technology to revolutionise Environmental, Social, and Governance (ESG) reporting and scoring. By automating the process of ESG reporting across a variety of frameworks, Footprint effectively manages diverse data types and formats. Its sophisticated analytical capabilities culminate in comprehensive and accurate ESG reports, greatly reducing manual effort and increasing efficiency.
The Footprint Scorecard incorporates a ‘fourth dimension’ – Technological Impact, considering a company’s tech use, ethics, and digital preparedness. This pioneering model utilizes advanced analytics, machine learning, and big data, integrating proprietary and real-time sources for comprehensive ESG assessment. It fine-tunes Beta for specific industry and country risks.
Footprint by TRST01 leverages AI and blockchain to offer comprehensive, customizable ESG reporting. Adhering to global standards and connecting to UNSDGs, it ensures data integrity, enhances supply chain transparency, and aligns with the triple bottom line – Planet, People, and Prosperity
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.
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.
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.
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.
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.
Integrating AI and Blockchain creates new possibilities and opportunities for innovation and growth. AI-powered blockchain solutions have the potential to revolutionize various industries, including finance, healthcare, and real estate.