Earthchain, an API-powered digital carbon marketplace, has announced a partnership with NayaOne, a digital transformation platform that offers financial institutions and fintechs a range of solutions and services to help them navigate the transition to a digital future.
The partnership announcement is a significant development for both companies, as it brings together Earthchain's Carbon Intelligence platform and NayaOne's marketplace, creating an impact community that drives collective climate action at scale.
The Earthchain Carbon Intelligence platform enables customers to view the real-time carbon footprint associated with every transaction, allowing them to identify where they can make the most effective changes to purchase more sustainably. Using Earthchain, financial services institutions can also help their customers turn awareness into action by funding certified emissions reduction projects to create an impact at scale.
What sets Earthchain apart is its commitment to funding only high-quality, Gold Standard certified emissions reduction projects that are monitored with publicly available documentation. The company's Carbon Ledger, tracks every contribution securely, immutably, and transparently, ensuring that all claims are permanently auditable in real-time.
The NayaOne marketplace connects financial institutions with a range of third-party solutions that enable them to offer sustainable products and services to their customers. One key area of focus is on Environmental, Social, and Governance (ESG) use cases, including climate action, financial inclusion, and impact investing.
The partnership between Earthchain and NayaOne is a perfect fit, as it brings together two companies that share a vision for a more sustainable and equitable future. Financial institutions and fintechs can leverage Earthchain's Carbon Intelligence platform through NayaOne's marketplace, enabling them to offer sustainable products and services to their customers.
The partnership announcement is timely, given the increasing demand for sustainable finance solutions. According to a recent report by the Global Sustainable Investment Alliance, global sustainable investment assets reached $35.3 trillion at the start of 2020, up 15% from two years earlier.
Despite this, the climate funding gap remains huge according to BloombergNEF and current investment levels fall far short of what’s needed to reach net-zero by 2050. The IPCC recently stated in its AR6 synthesis report on climate change that “finance, technology and international cooperation are critical enablers for accelerated climate action. If climate goals are to be achieved, both adaptation and mitigation financing would need to increase many-fold. There is sufficient global capital to close the global investment gap but there are barriers to redirect capital to climate action."
In conclusion, the partnership between Earthchain and NayaOne is an exciting development that creates a community of impact-driven financial institutions and fintechs. By leveraging Earthchain's Carbon Intelligence platform through NayaOne's marketplace, these organizations can offer sustainable products and services to their customers, contributing towards a more sustainable and equitable future.