EY Unveils ESG Blockchain Platform
The solution, according to EY, will address the needs of businesses that struggle to accurately measure and track their carbon footprint. Through the use of tokenization, it will also provide consumers, business partners, and regulators with the transparency they require by providing a trusted platform for emissions and carbon credit traceability within an ecosystem.
EY OpsChain ESG provides enterprises with a clear understanding of their CO2e positions by tokenizing product emissions, allowing them to make better informed decisions on their ESG journey.
EY OpsChain ESG, built to InterWork Alliance standards for Carbon Emissions Tokens, provides immutable reporting on an enterprise’s current CO2e that is independently verifiable through the integration of key emissions data validators. The solution also enables enterprises to demonstrate authenticity of the carbon offsets used to reduce their environmental impact as they decarbonize.
(With inputs from Shikha Singh)
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