In the realm of global supply chains, we recognize that sustainability in today’s global market isn’t just about meeting regulatory requirements – it’s about integrating economic, environmental, and societal values into our core business operations.
TRST01 offers a ground breaking solution for transparency. By employing blockchain technology, we can record and verify each stage of a product’s journey, from raw materials to finished goods. This transparency ensures businesses’ compliance with sustainability standards and assures consumers that they are purchasing responsibly sourced products.
Footprint is our innovative ESG reporting tool that enables businesses to transparently and accurately report their environmental, social, and governance impacts. Compatible with multiple globally recognized reporting frameworks such as GRI, SASB, TCFD, CDP, NASDAQ, UNSDG and BRSR, Footprint serves as an all-in-one ESG solution.
By integrating AI and blockchain technology, we ensure data integrity & verifiability and simplifying ESG reporting for businesses along with boosting their sustainability credentials.
We have revolutionised climate action measurement with our state-of-the-art dMRV Solution. Built with cutting-edge Web3 and blockchain technologies, our decentralized approach enhances transparency and efficiency in tracking greenhouse gas emissions.
Our solution fundamentally differs from traditional MRV systems as it minimizes inaccuracies and fraud risks by recording and verifying data on a decentralized network. This provides a verifiable trail of climate action that fosters trust and accountability among businesses, regulators and the public.
The EU Deforestation Regulation (EUDR) promotes sustainable procurement, ensuring products entering the EU market are deforestation-free. The blockchain-based solution TRST01 enhances supply chain traceability, reinforcing compliance with EUDR guidelines.
A sustainable supply chain offers multiple benefits that include assisting businesses in conducting rigorous due diligence, evaluating potential risks and violations within their supply chains. It thus helps enhance a brand’s reputation, foster customer and employee loyalty, promote innovation, and lead to significant cost savings by reducing waste and improving efficiency.
Footprint’s Enterprise version elevates ESG reporting by blending AI and blockchain for unmatched transparency and real-time accuracy. Tailored for diverse business structures, it ensures global compliance, streamlining sustainability efforts for modern enterprises
In the current corporate world, assessing a company’s sustainability performance is very important for investors, stakeholders, and policymakers. The TRST01’s ESG (Environmental. Social and Governance) Scoring Model introduces an innovative approach integrating beta-based financial metrics with advanced machine learning techniques to comprehensively evaluate ESG credentials.
Real time tracking in carbon offsetting projects using technologies like satellite imagery, drones, and IoT sensors to monitor progress and performance instantly. This enables immediate decision-making and course correction, meets project goals and fosters transparency and accountability. It therefore encourages stakeholder engagement by providing primary evidence of sustainable practices.
An independent third party monitoring and verification process ensures bias free accuracy and transparency. The results are recorded on the blockchain, providing permanency and a secure and transparent record of the project's carbon credits and emission reductions.
A comprehensive data analysis helps extract valuable insights on the status of the project and provides a clear picture on the challenges and opportunities that need attention. This results in taking quick actions to mitigate risks and points of failures in advance. It enables the development of a more effective and streamlined process.
Blockchain integration ensures that all project stakeholders including project developers, monitoring and verification organizations and investors are equal participants and are updated with the status of the projects with transparent data. This helps in better engagement and collaboration among all players involved for the success of the project.
The EUDR was introduced to address environmental concerns, specifically deforestation and degradation of forests, which are critical for carbon storage, biodiversity, and climate regulation. It aims to promote sustainable trade practices and ensure that European consumption does not contribute to global deforestation.
The EUDR covers commodities that have a significant impact on deforestation, including palm oil, soy, beef, wood, cocoa, coffee, and rubber, among others. These commodities were selected based on their association with high deforestation rates.
Companies need to implement a due diligence system to ensure that the commodities they import and trade are not linked to deforestation or forest degradation. This includes:
Suppliers outside the EU who export covered commodities to the EU market must provide the necessary information and documentation to EU importers to enable them to comply with the due diligence requirements. This includes detailed records on the supply chain, legal compliance, and land use rights.operations.
Businesses should start by assessing their supply chains to identify and address deforestation risks. Implementing robust tracking and monitoring systems, engaging with suppliers to ensure transparency, and obtaining certifications like FSC (Forest Stewardship Council) can also aid in compliance.
Yes, several tools and supports are available:
TRST01Chain: Offers complete traceability and deforestation analysis for supply chains, Guidelines and Workshops: Offered by various organizations, including EU trade associations and private companies, to help businesses understand and implement the necessary compliance measures
On December 6th, 2022, the European Union Deforestation Regulation (EUDR) was put into effect. Currently, companies are in a transitional period to adjust their practices and ensure they comply with the new regulations. The enforcement of these regulations is expected to begin on January 1st, 2025, after a transition period designed to allow businesses and stakeholders to adapt to the new requirements.
Compliance will be monitored by designated authorities in each EU member state. These authorities are responsible for overseeing the implementation of due diligence systems, conducting audits, and enforcing the regulation
Footprint by TRST01 is an innovative solution that utilizes AI and blockchain technology to revolutionize ESG (Environmental, Social, and Governance) tracking, measurement, and reporting.
Footprint by TRST01 is designed to comply with the standards of global ESG frameworks such as the Global Reporting Initiative (GRI), Business Responsibility and Sustainability Reporting (BRSR) India, Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Carbon Disclosure Project (CDP). This ensures that businesses can create credible and comparable ESG disclosures on a global scale.
Yes, Footprint by TRST01 integrates the United Nations Sustainable Development Goals (UNSDGs) into the ESG reporting framework, allowing businesses to track their contributions to these globally recognized targets.
Yes, Footprint by TRST01 offers tailored content that caters to the unique ESG needs and concerns of each industry. This allows companies to focus on the most relevant ESG issues pertaining to their operations.
Businesses can benefit from TRST01’s solutions by gaining transparency and traceability in their supply chains, automating ESG reporting processes, and accessing reliable data for informed decision-making. These solutions promote sustainability, trust, and accountability in business operations.
Footprint by TRST01 uses blockchain technology, a decentralized and immutable system, to guarantee that all ESG data recorded is accurate and has not been tampered with. This enhances the reliability and transparency of ESG data.
Footprint by TRST01 uses blockchain technology, a decentralized and immutable system, to guarantee that all ESG data recorded is accurate and has not been tampered with. This enhances the reliability and transparency of ESG data.
Footprint by TRST01 provides an automated and standardized process for Business Responsibility and Sustainability Reporting (BRSR) in India. It enables companies to efficiently collect, analyze, and report ESG data in compliance with the new ESG reporting requirements set by the Securities and Exchange Board of India (SEBI).
By providing an industry-specific, customizable solution that prioritizes transparency and trust, Footprint by TRST01 can help companies take a holistic view of their operations, enhance their reputation, gain stakeholder trust, and ultimately contribute to a more sustainable future for all.
The ESG Scorecard Model is a tool designed to assess an organization’s performance based on environmental, social, and governance parameters. It helps in identifying potential ESG risks and is a robust performance indicator.
The ESG Scorecard Model helps in identifying potential environmental, social, and governance risks that could affect a company’s financial performance or reputation. It serves as a performance indicator, helps in communicating a company’s dedication to sustainability, and shows compliance with stricter ESG regulations.
The Scorecard Model provides a detailed quantitative analysis of a company’s ESG performance, utilizing specific metrics, while ESG Ratings provide a more generalized, qualitative assessment of a company’s ESG practices.
Lack of standardization and possible subjectivity in evaluations can lead to biases and discrepancies in ESG Scorecard Models. Also, high scores do not always indicate a positive impact as self-reported ESG data can be inconsistent or inaccurate.
These risks are essential for creating a comprehensive ESG Scorecard Model. They account for differences in environmental, social, and governance risks faced by companies in different sectors and regions.
The ESG Scorecard Model can be used by businesses to understand potential risks and opportunities, make more informed strategic decisions, drive operational changes, and enhance their reputation.
The Footprint ESG Scorecard by TRST01 integrates advanced analytics, machine learning algorithms, and big data to comprehensively assess a company’s ESG performance. It also introduces a ‘fourth dimension’ – Technological Impact, considering the ethical implications of technology and a company’s readiness for digital transformation.
For investors, the ESG Scorecard Model provides a detailed analysis of a company’s ESG performance, which can help in identifying potential risks and opportunities, thus enabling informed investment decisions.
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