Web3 Deloitte is partnering with Hedera for verifiable environmental impact

The Hashgraph Association and Deloitte join forces to enable corporations to measure, track, report, and tokenize evidence-based ESG impact and sustainability claims on Hedera

德勤 has partnered with The Hashgraph Association (THA) on a joint initiative aimed at enhancing the verification of corporate ESG impact and sustainability claims. Together, we aim towards validating ESG impact and ensuring a carbon-neutral future in a way that provides proof and addresses concerns of greenwashing.

This strategic partnership leverages the THA’s Hedera for Enterprise to automate the accountability and transparency needed to foster new industry standards whilst systematically tackling greenwashing.

Central to this collaboration is the introduction of the Environmental & Social Impact (ESI) platform, a DLT-based solution designed by Deloitte and established on the Hedera DLT public ledger.

The Hedera-powered ESI platform aims to transform corporations' net-zero and ESG Impact initiatives into credible, verifiable impact claims, leveraging blockchain’s transparency, security, and immutability to ensure data integrity and facilitate reliable sustainability claim verification.

The ESI platform meets various ESG standards, enabling businesses to measure and capitalize impact, and transparently demonstrate their commitment and investment in sustainability, while complying with regulatory requirements. The ESI scope entails dMRV, necessary for reporting such as an annual report and CSRD compliance.

A pivotal component in the ESI platform's verification process is the Hedera Guardian. The Hedera Guardian enhances the partnership's capacity to substantiate sustainability claims, creating a trust layer for multi-party data and integrating digital measurement, reporting, and verification functions. The ultimate objective is the creation of measurable and independently verifiable assessments of sustainability or units of impact that can be capitalized, transferred, and reported.

Kamal Youssefi , President of THA, said, “This collaboration with Deloitte embodies our commitment to sustainability. With the Hedera Guardian's innovative tooling on the ESI platform, we're not just setting benchmarks but rewriting the rules of accountability on a global scale and bringing the balance sheet of the planet to the public ledger. In the face of mounting climate pressures, the integrity of environmental claims is crucial. Together with Deloitte, as one of the Big Four global accounting firms, The Hashgraph Association is spearheading a shift towards true accountability and transparency in corporate sustainability.”

Led by Deloitte NL in collaboration with the Ryan de Jongh Charity Foundation, the Mangrove Reforestation project in the Caribbean island Cura?ao by Oscar Snijders is the first use case involving the integration of the ESI platform with the Hedera Guardian to bring about traceability on the impact generated by the carbon offset project. This project utilizes a rigorous verification process, incorporating decentralized identity, satellite imagery, and advanced modeling, to monitor its impact accurately. The coming months will see additional corporations and organizations join the platform to further the positive ESG impact of this partnership across industries. “

Tommie van der Bosch , Partner Web3 at Deloitte said, “Our main objective is to revolutionize how corporate sustainability claims are verified and perceived. The ESI platform will empower and help businesses prove their environmental claims with substantial evidence. Together with The Hashgraph Association, Deloitte is confronting the pervasive issue of opaque reporting systems, promoting tangible change, and forging a path for genuine environmental progress and accountability.”

We are now onboarding new projects to verify nature-based solutions projects, please reach out to Kim Schneider for more information.

About The Hashgraph Association

The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, which includes supporting and funding of training, innovation, and venture-building programs globally. As a non-profit organization headquartered in Switzerland, The Hashgraph Association provides funding for innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact.?

About Deloitte Web3

Deloitte's Web3 division is dedicated to helping organizations unlock the transformative potential of Web3 technologies. Our Web3 expertise is centered around four core pillars:

• Enterprise Blockchain: We offer strategic insights and solutions to leverage blockchain technology for optimizing business operations and creating transparent, secure supply and value chains.
• Digital Assets: Our services include navigating the complexities of integrating digital assets such as cryptocurrencies, NFTs, and tokens into your business models while ensuring compliance and competitiveness.
• Decentralized Ecosystems: We assist in developing decentralized platforms that promote user trust and engagement, creating robust, scalable systems.
• Metaverse & Unlimited Reality: Deloitte helps assess the potential of Virtual and Augmented reality and demystify the Metaverse, providing strategic guidance on creating immersive, interactive virtual environments that drive new business opportunities and enhance customer experiences.

As a leader in innovation, we guide businesses through the integration and effective utilization of these emerging technologies to foster growth, enhance efficiency, and build responsible enterprises within their industries via developing ad-hoc risk frameworks.?