Climate Change Data

ImpactScope

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

ESG Focus Areas

  • Impact Measurement and Verification (MRV)
  • Greenwashing Detection
  • Sustainable AI
  • Social Outcomes
  • Decentralized Finance (DeFi)

Environmental Achievements

  • Developed Greenwashing Identifier (GWI), an AI and Blockchain-powered tool to identify greenwashing instances.
  • Implemented a web3-enabled energy data and verification system for Siemens, using Proof-of-Impact dNFTs and an impact dashboard connected to impact oracles.

Social Achievements

  • Developed Proof-of-Impact Dynamic NFTs (dNFTs) to monitor, display, and report on impactful activities.
  • Created the ImpactScope Impact Marketplace, a platform for Impact Bounties, a web3 reincarnation of Social Outcomes Contracts (SOCs).

Governance Achievements

  • Developed a token-based governance model for the ImpactScope Impact Marketplace, using the $IMPACT token.

Climate Goals & Targets

Long-term Goals:
  • Become the leading platform for decentralized impact financing and verification.
Medium-term Goals:
  • Expand the ImpactScope Impact Marketplace to include a wider range of impact outcomes.
Short-term Goals:
  • Increase adoption of ImpactScope's tools and marketplace.

Environmental Challenges

  • Impact measurement data gap in the impact investing sector.
  • Greenwashing in corporate sustainability reporting.
  • Lack of transparent and verifiable impact outcome measurement.
Mitigation Strategies
  • Developed a suite of web3 tools for impact outcome monetization, measurement, reporting, and verification (MRV).
  • Developed Greenwashing Identifier (GWI) to identify greenwashing.
  • Created Proof-of-Impact Dynamic NFTs (dNFTs) and Impact Dashboards for transparent impact reporting.
  • Developed the ImpactScope Impact Marketplace for decentralized impact financing and verification.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SDG Impact Standards, GIIN framework

Sustainable Products & Innovation

  • Proof-of-Impact Dynamic NFTs (dNFTs)
  • Greenwashing Identifier (GWI)
  • ImpactScope Impact Marketplace

Awards & Recognition

  • Eureka Prize for “the most original adaptation of a technology”