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BSO, a global infrastructure and connectivity provider, in partnership with Geneva-based ImpactScope, a social enterprise providing carbon offsetting solutions to digital asset exchanges and crypto mining companies, has become the first connectivity provider to provide customers with cryptocurrency calculation tools. Emission compensation.
Criticism of the energy use of cryptocurrencies and the associated carbon footprint is a major challenge for all players in the crypto space, and is being addressed at both the corporate and regulatory levels by orders such as the European Union’s Sustainable Finance Disclosure Regulation (SFDR). Effective January 2022.
In light of these developments, investors in recent years have been forced to add to their portfolios that not only provide better returns but are also more socially responsible. With ImpactScope’s unique API, BSO customers can reduce the environmental impact of their crypto transactions in real-time and reduce their operational carbon footprint.
“In light of recent reports highlighting the climate emergency we are facing, there is an urgency to change for the better in the industry. By partnering with ImpactScope we can help our clients fight climate change and help them make crypto crypto more sustainable. ”
– Michael Ourabah, CEO of BSO
BSO’s existing client base has full access to the suite of ImpactScope solutions and can choose from a geographically diverse offset verified by Vera and Gold Standard, the world’s leading programs for the certification of greenhouse gas emissions reduction projects. Other services offered by the partnership include crypto-related ESG reports and carbon auditing of corporate treasuries for institutional investors with crypto assets.
“We welcome the opportunity to come together with BSO and give players in the crypto and digital assets sector the opportunity to meet their ESG goals; Evaluating and then offsetting their cryptocurrency footprints. ImpactScope aims to help crypto stakeholders, then they become more aware of exchanges, end users, mining ponds or institutional investors, greener, more sustainable and the environmental consequences of their actions. ”
-Greg Betz, co-founder of ImpactScope