#Switzerland #Zurich #Hashgraph Group #PwC #Hedera ESG

The Hashgraph Group Partners with PwC for ESG Innovations

In a pivotal collaboration, The Hashgraph Group (THG) and PwC have announced their partnership aimed at launching Hedera-powered ESG (Environmental, Social, and Governance) solutions tailored for enterprises. As sustainability and compliance standards rise globally, this alliance represents a significant leap towards enhancing transparency, trust, and accountability in ESG reporting.

The Need for Reliable ESG Solutions

As the carbon credit market is projected to surpass $250 billion by 2030, businesses are increasingly faced with stringent demands for ESG disclosures. Organizations must not only report on their ESG performance but also substantiate their claims with reliable and auditable data that complies with global standards such as the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD), and the Sustainability Accounting Standards Board (SASB).

In response to this urgent need, THG and PwC are working together to streamline the process of ESG reporting by leveraging the capabilities of Hedera’s distributed ledger technology (DLT). By doing so, they aim to facilitate high-impact sustainability initiatives, including carbon tracking and offsetting, renewable energy certifications, and product lifecycle traceability.

Leveraging Technology for Sustainability

At the heart of this collaboration lies the EcoGuard platform, an innovative DLT solution powered by Hedera. EcoGuard serves as a digital trust layer that anchors ESG data to the blockchain, enabling the creation of immutable and tokenized records for independent verification and regulatory compliance. This managed service is designed to integrate smoothly with existing enterprise systems, ensuring ongoing compliance and operational resilience.

The first phase of this partnership will focus on deploying these solutions within large enterprises and government sectors, thereby establishing a new standard in ESG transformation.

Stefan Deiss, Co-Founder and CEO of The Hashgraph Group, highlights the significance of this partnership, stating, "This strategic collaboration with PwC underscores our shared commitment to reimagining corporate sustainability reporting. In an era of escalating climate change, the integrity of ESG data is critical. EcoGuard, built on the world’s greenest DLT, ensures compliance with current industry standards, paving the way for meaningful environmental action at a global scale."

Impact on Carbon Markets

The partnership's implications extend to the carbon credit market as well. Recently, Verra became the first major standards organization in this arena to engage with Hedera, setting the stage for a more transparent and scalable future in carbon market management. This collaboration is set to revolutionize how carbon credit projects are monitored, verified, and managed, making the entire process faster and more aligned with sustainability objectives.

Dr. Antonios Koumbarakis, a Partner at PwC Switzerland, proudly mentions, "Our collaboration is designed to empower organizations in their decarbonization and efficiency efforts. By integrating cutting-edge technology, we enhance transparency and compliance while unlocking long-term value for our clients."

Moreover, Konstantin Dagianis, a Partner at PwC Germany, adds, "This partnership provides a holistic solution that meets compliance needs not just at an organizational level, but across the entire value chain, in anticipation of forthcoming regulations. We are excited about our role in supporting clients from the initial concept to full implementation."

About The Hashgraph Group

The Hashgraph Group (THG) is a Switzerland-based Web3 technology and engineering company that is a key player in the Hedera ecosystem. Specializing in designing, developing, and deploying enterprise-grade solutions, THG is committed to helping businesses across the globe thrive in the Web3 landscape. By breaking down barriers, THG aims to unlock new business avenues and growth opportunities. For more information about The Hashgraph Group and their innovative solutions, visit www.hashgraph-group.com.