{"id":12551,"date":"2023-05-10T15:48:00","date_gmt":"2023-05-10T15:48:00","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=12551"},"modified":"2023-05-10T15:48:01","modified_gmt":"2023-05-10T15:48:01","slug":"ey-launches-blockchain-based-carbon-tracking-solution","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/ey-launches-blockchain-based-carbon-tracking-solution\/","title":{"rendered":"EY Launches Blockchain-based Carbon Tracking Solution"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-12551\" data-postid=\"12551\" class=\"themify_builder_content themify_builder_content-12551 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Global professional services firm EY announced today the launch of EY OpsChain ESG, a new solution developed on the Ethereum blockchain, aimed at enabling companies to accurately measure and track their carbon footprint, and providing transparency and traceability for carbon credits.<\/p>\n\n\n\n<p>According to EY, the new solution, now available in beta version on EY\u2019s Blockchain SaaS platform, will help enterprises to achieve and report a verifiable view their current CO2 positions, by tokenizing products\u2019 emissions. The platform is built to the standards of InterWork Alliance for Carbon Emissions Tokens, an industry certification program for tokenizing emissions.<\/p>\n\n\n\n<p>EY Global Blockchain Leader Paul Brody said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cLike all EY enterprise solutions, EY OpsChain ESG was developed based on the conviction that blockchains are the glue that can link business processes and global ecosystems across enterprise boundaries. Detailed traceability allows for tracking of emissions inventory through tokenization including the ability to link carbon output to specific product output.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>In addition to tracking enterprise emissions, the platform is also aimed at building trust in the use of voluntary carbon credits to offset emissions, adding traceability and verifiability to a rapidly growing sector often challenged by opacity and inconsistent data.<\/p>\n\n\n\n<p>Sam Azad, EY OpsChain ESG Product Owner, says:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cTransparency in sustainability is now table stakes for consumers, business partners and regulators. With net-zero targets under more scrutiny than ever before, our new solution presents enterprises with the opportunity to tell their organization\u2019s ESG story on a digitally trusted platform.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Global professional services firm EY announced today the launch of EY OpsChain ESG, a new solution developed on the Ethereum blockchain, aimed at enabling companies to accurately measure and track their carbon footprint, and providing transparency and traceability for carbon credits. According to EY, the new solution, now available in beta version on EY\u2019s Blockchain [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12552,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[37,38],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EY Launches Blockchain-based Carbon Tracking Solution - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/ey-launches-blockchain-based-carbon-tracking-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EY Launches Blockchain-based Carbon Tracking Solution - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Global professional services firm EY announced today the launch of EY OpsChain ESG, a new solution developed on the Ethereum blockchain, aimed at enabling companies to accurately measure and track their carbon footprint, and providing transparency and traceability for carbon credits. 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