Hello Readers,
We are happy to present the 29th edition of our blockchain for sustainability newsletter, and with this edition, we are making some changes to the format of the newsletter, based on the feedback from fellow readers.
We have now divided the newsletter into four sections - New Projects, Funding Updates, Stat of the week and Upcoming Events.
The New Projects section is a leaner and more useful version of original newsletter. Here, we have included short introductions to sustainability themes and have given links to actual news for you to read more. More importantly, we have given the links to the company websites of the companies working on these projects so that you can learn more about these companies.
The Funding Updates section is a new section, integrating our blockchain for sustainability funding tracker into this newsletter, with the addition of news related to the funding ecosystem.
Stat of the week. In this section we present a stat that should stay with you as well as make you feel more confident about the blockchain for sustainability ecosystem.
Upcoming Events. This section presents a list of upcoming events and conferences where topics related to blockchain for sustainability are about to be discussed.
We thank you for continuing to read, appreciate our content and, engage with us. We would love to hear your thoughts on these changes.
- Team - ESG Intelligence
New Projects
Climate Action
The growing scrutiny by investors, regulation by governments, and sustainability by awareness by consumers is forcing enterprises to measure and report their efforts to create a positive climate impact. This had led to the popularity of the carbon offsets market. However, traditional voluntary carbon markets have had question marks on supply-side verifiability and transparency with regard to the retirement of credits, and the progress of projects. Blockchain-based platforms address most of these challenges and this is demonstrated in the two new projects that were announced this week:
Companies Involved: Enverified, Hilshaw Group, Regen Network, and City Forest Credit Registry.
Enverified Seals First Deal for Mega Green Project in Dubai | more
Injecting Transparency Into Carbon Accounting: Regen Network Launches Blockchain-Based Carbon Marketplace | more
Responsible Supply Chain
A responsible supply chain encapsulates the company’s ability to make its supply chain more visible, transparent, and sustainable. This demands companies to keep a track of their supply chain operations, which can be sometimes difficult for companies in the food and beverage and agricultural sectors. While several measures to drive sustainable agriculture have been taken by many responsible companies, they have not been able to track and report these efforts to their stakeholders. Blockchain technology solves this problem of trust and verifiability as demonstrated in the following two projects that were reported this week, in beef and hemp supply chains.
Companies involved: Tenton Waters Ranch, Wholechain, GCAC, ThingBlu, and B&M Products and Services.
Teton Waters Ranch Becomes First US 100% Grass-Fed and Grass-Finished Beef Company to Implement End-to-End Traceability Using Wholechain | more
New Joint Venture Executed to Escalate Industrial Hemp Industry as a Sustainable Solution in North America | more
ESG Reporting
The recent surge in ESG activism along with the multi-dimensional benefits of ESG reporting has attracted many corporations to track and report their ESG and sustainability initiatives. However, the lack of uniform reporting standards, and platforms, and the increasing reputational risk resulting from greenwashing accusations have disillusioned some stakeholders. Blockchain-based platforms can mend that trust deficit in ESG reporting and this expectation is reflected in the following recent project.
Companies involved: Canadian Forage and Grassland Association and TrustBIX
TrustBIX Inc. Launches BIX Impact for the Canadian Forage and Grassland Association | more
Animal Health
The livestock sector is the pillar of the global food system and a contributor to poverty reduction, agricultural development, and food security. Therefore, it is in the best interest of all the stakeholders in the agriculture ecosystem to actively track and manage their livestock health and wellness by leveraging technology. Blockchain-based platforms can allow livestock companies to achieve this, as is demonstrated in the following project.
Companies Involved: E-Livestock Global and nChain
E-Livestock Global Works With nChain to Deliver Blockchain-Based Cattle Treatment and Tracking Solution to Support Farmers in Africa | more
Community Development
Vulnerable communities in the society look up to government and welfare agencies for support, even in the most developed countries. Idenifying these communities and their needs, and ensuring that adequate financial support is provided to them efficiently and transparently, is important. Therefore, agencies and governments should leverage technology to make humanitarian aid more accessible to the most vulnerable population of the social fabric, as demonstrated in a project in Singapore this week.
Companies Involved: LifesDAO NFT, and South East Community Development Council
LifesDAO NFT – An NFT that pays your monthly expenses | more
Funding Updates
Recent Fundraises
Creduce: The company provides carbon reduction services and consultancy to organizations that emit carbon. Recently Creduce launched a blockchain-based carbon credit token KICHEE. The company has recently raised $20 million from a set of undisclosed investors at an undisclosed yet ‘massive valuation’, according to Content Media Solution. The series A funds would help Creduce to develop relevant infrastructure to complement its services in India. | more
IMPT: IMPT enables shoppers to offset their purchases using tokenized carbon credits. The company is raising funds via Initial Coin Offering and has raised more than $5 million as of 18th October, according to AIthority. | more
Big Eyes Coin: This cryptocurrency has mandated a smart contract that will store 5% of all the coin supply in an ocean-focused NGO. The project is raising funds via a pre-sale event and has raised more than $7.3 million as of 17th October, according to Bitcoinist. | more
Reneum: A decentralized marketplace for renewable energy credits. The company has raised $4.1 million from Ajeej Capital, Catalyst Investment Management, and Outlier Ventures, participating as lead investors, according to EQ International. The newly injected cash will support Renuem’s public launch in Q4, FY22. | more
Carbonfuture: The company is a marketplace for high-quality carbon credits, which also provides blockchain-based digital MRV services. It has recently raised $5.26 million from lead investors Carbon Removal Partners, Ubermorgen Ventures, and WiVenture, according to EU Startups. The fresh funding will allow Carbonfuture to further grow its presence with a focus on the US market. | more
#dltledgers: Distributed Ledger Technologies or #dltledgers is an enterprise-focused supply chain traceability platform that leverages blockchain. The company has recently raised $8.5 million in a Series B funding round, bringing the valuation of the entity to more than $100 million, according to Yahoo Finance. These funds will be used to expand its business operations, with a focus on North America. | more
Funding Ecosystem News
Celo Foundation announced the launch of its “2% for Web3 Impact” pledge at the Global Impact Investing Network (GIIN) Investor Forum in The Hague. The foundation will be actively helping onboard 100+ impact investors to Web3 and make their first investment in the space or provide liquidity, for example, to impact lending protocols. According to GIIN estimates, over 3,349 organizations currently manage $1.164 trillion in impact assets under management (AUM), and 2% will represent ~$20 billion. | more
Rubix is organizing a hackathon specifically focused on sustainability initiatives in the web3 ecosystem. This will drive innovation in the sustainable use cases of blockchain technology. The prize pool is priced at $52,000 in Rubix native currency. | more
Stat of the week
Did you know that in the last 10 weeks, 17 blockchain-based projects have emerged in the carbon trading ecosystem, that include 40 companies. These companies together have been funded by 140+ investors.
Upcoming Events
LA Blockchain Summit: 1-3 November, LA, United States. Includes sessions on Making a Verified Impact with NFTs and NFTs and Crypto for Social Good.
Global IEEE 5G-IoT Blockchain Summit Exeter: 3-4 November, Exeter, UK. Includes session on Blockchain use case in Food Supply Chain.
Web3 & Blockchain World: 8-9 November, Toronto, CA. Session on Blockchain and ESG
Democracy4All - Blockchain & Governance: 10-11 November, Spain. Session on Decentralization as a public good: Corruption and inequality, NFTs complimenting plastic credit markets, and blockchain driving circular economy.
If you are attending or conducting a conference, event, or webinar that deals with blockchain for sustainability topics. Please submit the details with us at: newsletter@esg-intelligence.com
Disclaimer: The information in this newsletter does not constitute investment or professional advice and investors and other users of this newsletter should not rely on it for investment or other purposes. While we have taken due care and caution in the compilation and presentation of the information and data in this report, no warranty is made as to the completeness, accuracy, or utility of this analysis. Users are also advised to review the detailed disclaimer, terms of use, and privacy policy on our website.