Oliver Platt
Product and Marketplace Manager
The ESG Data & Disclosures TechSprint recently took place on NayaOne’s Digital Transformation platform, ahead of the Digital Sandbox Sustainability Cohort, intending to spark new ideas and discussions at COP26.
The Decentralised Carbon Offsetting team took the Eureka and People's Choice Awards
SDGenius took the Fast Award
Their sustainable development goal (SDG) tracker was based on the UN’s SDG goals, allowing insights to be drawn from untapped unstructured data. This technique took keywords from the SDG goals and looked at the frequency of the words used in reports. The team then took the project a step further and validated their solution, showing that a large discussion of keywords mentioned in SDG 15 correlated with low carbon outputs. In turn, this would help inform regulators when they need to intervene. The instant impact this solution has, even as a proof of concept, is startling.
HMRC-C were the Jump Award winners
Their solution was to create a mandatory carbon attribute and assign it the value to a person as a digital payment was made and aggregating the individual’s results over time; rewarding sustainable purchases and penalising the reverse. This approach proposed standardises carbon reporting, and would create transparency across the economy. Long term this could even allow credit scores to be influenced by an individual’s sustainability. The suggested standardised framework is seen below.
This solution really spoke to the team at NayaOne as the beginning of a cross-ecosystem proof of concept, from ESG, through payments, and into lending, this solution covered it all.
All the teams built parts of their solutions, no mean feat in just 3 days
A huge congratulations must go to the team too for running the event smoothly, connecting the industry and creating an environment for fast innovation.
Finally, thanks must also go to the NayaOne data and fintech ecosystem partners whose ESG data and APIs complimented the data partners.
