Cooperative banks' sustainability platform expands to include regulatory assistance and data management.
The premium version of a sustainability portal, operated and developed by DG Nexolution, is now available for cooperative banks. This advanced platform is designed to support these financial institutions in implementing measures and achieving their sustainability goals.
Currently, approximately 590 banks are using this sustainability portal, with around 4,290 users working on it. The premium version offers extended functions in data management, making it a comprehensive tool for managing and enhancing sustainability initiatives.
One of the key features of the premium version is access to advanced SaaS-enabled modules. These can be used individually or combined to create a comprehensive sustainability system. The platform also includes the RED Carbon Registry, a secure system for managing carbon credits from verified environmental projects supporting multiple certification standards.
Another notable feature is the Carbon Footprint Calculation API, which allows for real-time measurement of Scope 1, 2, and 3 emissions by integrating data from various sources like meters, bills, and shipping systems. It is customizable for sustainability consultants.
The Solar NFT Platform enables users to invest in solar energy projects via NFT shares, earning payouts from energy production with automated smart contract management. The REDx Real-Time Energy Certification offers blockchain-based tracking of clean energy production directly from the source in real time.
The platform also includes NF3 Environmental Asset Tokenization, which converts natural assets such as forests and wetlands into digital tokens backed by satellite data, facilitating purchase, sale, or retirement to support conservation and carbon offset projects.
The premium version is designed to be economically feasible for smaller and medium-sized institutions. It is accessible for an entire bank, irrespective of the number of users. Users must stake a specialized token (MWAT) to access these premium features, and the platform may also offer staking rewards to incentivize participation.
Markus Klusemann, the Head of Sustainability at DG Nexolution, leads the development and operation of this premium sustainability portal. DG Nexolution provides cooperative banks with digital solutions and consulting, ensuring the platform is continually developed according to the needs of cooperative banks.
The premium version of the sustainability portal helps in fulfilling regulatory requirements and supports the systematic implementation of sustainability strategies. It is a significant step forward in the digital transformation of the banking sector, enabling cooperative banks to comprehensively manage and enhance their sustainability initiatives by integrating emissions management, green energy investment, carbon credit handling, and environmental asset tokenization within one portal.
Sources: [1] Information provided by DG Nexolution.
- The premium version of DG Nexolution's sustainability portal, available for cooperative banks, extends its functions in data management, particularly in finance and technology, with features like SaaS-enabled modules and Carbon Footprint Calculation API.
- As part of the premium version, the REDx Real-Time Energy Certification and NF3 Environmental Asset Tokenization are technology-driven solutions integrated within the platform, supporting green energy investment and conservation projects.
