Blockchain firm GuildOne is leveraging the sustainable Cardano Network to pioneer carbon credits backed by Validere’s energy data analytics platform.
Decarbonising crypto: a state of play report
Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: ESG, Financial Inclusion, Sustainable Finance
Senator Ted Cruz agrees that Bitcoin miners say they’re helping to fix the broken Texas electric grid
CNBC | MacKenzie Sigalos | Dec 5, 2021
AUSTIN, TEXAS – The Texas power grid is struggling with fluctuating energy prices and sporadic service, but the state's growing bitcoin mining community believes it can help fix it.
Republican Sen. Ted Cruz agrees. "A lot of the discussion around bitcoin views bitcoin as a consumer of energy," said Cruz at an event in October. "The perspective I'm suggesting is very much the reverse, which is as a way to strengthen our energy infrastructure."
The grid is called ERCOT — short for the Electric Reliability Council of Texas, which is the organization tasked with operating it — and it's fussy and temperamental. ERCOT powers about 90% of the state, but to run smoothly, it requires a perfect balance between supply and demand. Having too much power and not enough buyers is just as bad as everyone wanting to fire up their AC units on the same day in July.
See: MintGreen to make North Vancouver world’s first city heated by bitcoin
The price of power per hour is all over the place, routinely going negative. Rolling blackouts at moments of peak power consumption no longer come as a surprise. A lot of people lost faith in the grid altogether after a winter storm earlier this year resulted in a multi-system meltdown that "was within minutes of a much more serious and potentially complete blackout."
Crypto enthusiasts believe the fix to this problem is actually to add another electricity consumer into the mix — a buyer who will take as much power as they're given, whatever the time of day, and are just as willing to power down with a few seconds' notice. These flexible buyers are bitcoin miners.
At the Texas Blockchain Summit in October, Cruz pointed to the ability of bitcoin miners to turn their rigs on or off within seconds — a feature that is hugely beneficial during times when energy needs to be shifted back to the grid to meet demand.
But not all are convinced that bitcoin miners are the solution.
"Miners are a strain on the grid, not a help," said Ben Hertz-Shargel of Wood Mackenzie, a provider of commercial intelligence for the world's natural resources sector. Hertz-Shargel is concerned that bitcoin mining would only raise peak demand, ultimately adding stress to the system.
See: Hedera Hashgraph beats DLT competitors on energy consumption
As Lancium Chief Executive Officer Michael McNamara describes it, these sites act like a large power station but in reverse. The mines will absorb abundant renewable energy at times when supply outpaces demand, thereby monetizing these assets when there are no other buyers. And on the flip side, the mines will incrementally ramp down their energy intake, as demand on the grid rises.
In a sense, you can almost think of bitcoin miners as temporary buyers keeping these energy assets operational until the grid is able to fully absorb them.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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As regulators scrutinize stablecoins Circle pushes financial inclusion
FT | Nov 18, 2021
Payments company and stablecoin operator Circle announced a range of measures around financial inclusion on Wednesday, as global regulators increasingly debate how to supervise the $130bn industry. Circle is among those promoting stablecoins as digital currencies with little friction and low transaction costs. “You don’t talk about sending ‘cross-border’ emails any longer, you just talk about sending emails,” said Disparte.
“We’re doing for money what email did for the transfer of information.”
Circle Impact plans include accelerating the use of its stablecoin, USD Coin, for humanitarian relief and aid, said Disparte. “There’s a massive need around the world, we think this should be a standard.”
See: Will Digital Currencies and Fintech Solve the Financial Inclusion problem?
USD Coin, which Circle jointly operates with crypto exchange Coinbase, was used in Venezuela last year as a medium to help pay healthcare workers in the country using funds that had been seized from the Maduro government.
Other plans include allocating “billions” of the cash and treasuries, which the Boston-based firm said underpin the $34bn worth of USD Coin, to minority-owned depository institutions and community banks as well as supporting women and minority entrepreneurs through its crowdfunding platform SeedInvest.
Circle, which in July announced plans to go public through a deal with a blank-cheque company chaired by former Barclays chief Bob Diamond and intends to become a bank, has long sought to position itself as the leading regulated stablecoin. However, policymakers have raised concerns about the effect on consumer wellbeing, the suitability of monetary policy and wider financial stability.
See: Speech by Jon Cunliffe: ‘Is crypto a financial stability risk’?
A report by the President’s Working Group on financial markets, made up of several US regulatory agencies, said legislation was “urgently needed”, arguing that operators should be treated as banks. Other bodies have suggested alternative approaches, leading the international Financial Stability Board to raise concerns about regulatory arbitrage.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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How Decentralized Technologies are Transforming Platform Economics
bloxMove | Harry Behrens | Nov 11, 2021
Decentralized peer-to-peer networks and platform economics
Blockchain, Distributed Ledger Technologies (DLT) as well as other decentralized technologies, such as Decentralized Identifiers (DID) provide technical mechanisms which lend themselves very well to building fully automated transaction platforms which can manage financial transactions from contract signing all the way to financial settlement without the need for intermediaries. The underlying peer-to-peer (P2P) principles, in which all participants are equal peers and operate identical nodes provide a technical analogue to a “commons” technical infrastructure which provides the transaction execution layer to those wishing to conduct decentralized commerce. Decentralized platform economics are revolutionizing the way services and delivered, consumed, and settled.
See: Tokenizing Assets and Unlocking Value on the Blockchain
Blockchain-powered cryptographic networks (‘Cryptonetworks’) lend themselves very well to peer-to-peer governance models in which a common resource - the Cryptonetwork - is community-governed. A major leap between the world-wide web as we know it, is that cryptonetworks have a secure and trusted mechanism for incentivization and value transfer known as ‘token-economics’. Token payouts are calculated as part of the smart contract layer and securely transferred as part of the Blockchain’s essential function, namely securing consensus. There is no need for an intermediary to manage and enforce terms and conditions, invoicing, payment and settlement.
bloXmove: a decentralized platform for Mobility as a Service (MaaS)
As an example of how this can be applied to real-world applications, take the market for urban mobility. The “product” or rather “service” urban mobility offers, is neither this car nor that scooter, but rather seamless travel through a city – mobility as a service. Users should be able to roam across services delivered by different operators. This means they only register their identity and credentials once and these verified credentials serve to unlock any service provided by any service provider in the ecosystem – this being the paradigm of “roaming”. By using decentralized technologies such as Decentralized Identifiers (DID) and Blockchain technologies the complete service lifecycle can be orchestrated, executed and settled through a common decentralized infrastructure: bloXmove.
Cryptonetworks are digital communities of self-sovereign peers
According to the International Cooperative Alliance a cooperative is:
“…an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.”
“In a cooperative ecosystem, companies interact with each other based on a digital trust infrastructure. The members can network their services and thus temporarily access resources of competitors. The bottom line is that they can better meet the customer needs. At the same time, all players retain their independence, their data sovereignty and have the same market opportunities.”, Thomas Müller, evan.network
Cooperatives have a long history. In their formalized and legal form, they appear in the 19th century.
See: Can Blockchain Solutions Unlock Capital to Fix Our Planet?
“These legal entities have a range of social characteristics. Membership is open, meaning that anyone who satisfies certain non-discriminatory conditions may join. Economic benefits are distributed proportionally to each member's level of participation in the cooperative…(Wikipedia)”.
Prominent examples of cooperative business networks are:
- VISA, the well-known ubiquitous credit card, which in its pre-IPO form was a cooperative of banks who cooperated to create a new interoperable, customer-facing financial product.
- Star Alliance, which is not a cooperative in the legal sense of the word but rather an “alliance” of cooperating airlines.
See:
How blockchain and cryptocurrencies can help build a greener future
CB Insights report features over 50 sectors Blockchain is transforming (beyond just banking)
Cooperative organisations are jointly governed by those who use or consume the cooperative’s services, hence:
- All members have an interest to grow the cooperative and make it profitable.
- The cooperative is built to provide services which enable the businesses of each community member and therefore provides direct benefit to each and all.
- The revenues of the cooperative originate from fees by the cooperative members.
- The revenues of the cooperatives belong to the members of the cooperative.
- Customer relationships and therefore access to demand and liquidity stays with the individual members.
This creates a self-reinforcing loop of checks & balances. Members of a cooperative are incentivized to fund the cooperative with their fees while at the same time being in control to keep those fees within a range sustainable to their individual core business.
A common infrastructure with the goal of achieving net-zero carbon emission
Here I quote what to me has become a manifest and gave me the inspiration for the name of the company I have the privilege of co-founding: Power & Mobility Ltd.:
“Making the EU the world’s first climate-neutral economy will require more than just an energy transition. To cut CO2 emissions by 2050, many sectors will need to make far-reaching changes. Two sectors that play a key role in society have the leverage needed to do this: power and mobility.”
See: 9 digital assets powering the DeFi revolution?
By creating a common infrastructure across these two sectors – sector coupling Power & Mobility – balancing of renewable power grids using vehicle-to-grid (V2G) technologies has become possible. By the economical and regulatory standards of Europe it should be obvious that such a platform can, may and should not be a centralized platform at the mercy of one centralized, profit-maximizing hyper-aggregator. Rather, such a platform needs to be thought of, built and operated along cooperative mechanisms. Decentralized technologies lend themselves beautifully to this!
Conclusion: Decentralized networks provide a commons for commerce to digital cooperatives
The last twenty years have shown us how software indeed is eating the world and have brought powerful new actors to the world of international commerce. Software platforms, have now entered a phase where they constitute a similar danger to competition and market balance as Standard Oil did in the early 1900s. Politicians and regulators are recognizing this and are addressing it with the means at their disposal.
See: What’s possible with Non Fungible Tokens (NFTs)
Blockchain and other decentralized technologies have emerged over the last ten years and provide a paradigm by which new cooperative platforms can be built, combining the advantages platforms offer; but with a more sustainable balance of power among market participants. Tokens provide a mechanism to program the flow of money into community operated and highly secure commercial platforms. Combining the technical advantages of decentralization with the purpose and incentives of cooperatives, can create a powerful counterbalance to centralized platforms. As well as unleash new business models in which power does not necessarily accrue to centralized market makers but is jointly held by a community of equal cooperative members.
Authored by:
Harry Behrens, Chairman and CTO of Power & Mobility, bloXmove.com, founded and headed the Daimler Mobility Blockchain Factory until May 2021. He is a veteran Blockchain evangelist since 2012. In 2016 he co-founded the DFS Blockchain swarm and initiated the development of the smartVIN® Blockchain platform. Before starting his new position as “Mr. Blockchain” for DMO AG, he was Head of IT for Mobility and Digital Finance for MBAFC (DFS China). Harry has a Master (Diplom) in Computer Science from the TU Muenchen, with a thesis on Neural Networks, and a PhD in Information Engineering from the University of Tokyo with a thesis on Distributed Artificial Intelligence. He speaks six languages fluently and is trying to learn Mandarin Chinese. In his private time he enjoys practicing languages and reading about history.
This article is featured in NCFA's digital magazine, Fintech Confidential (Issue 4 Oct 2021). Click to read the latest thought leadership, insights and trends about Fintech in Canada:
Checkout NCFA's digital magazine, Fintech Confidential (Issue 4) --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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GuildOne Inc. Launches Landmark IoT-Verified Carbon Credits on the Cardano Network
GuildOne | Release | Nov 2, 2021
Blockchain firm GuildOne is leveraging the sustainable Cardano Network to pioneer carbon credits backed by Validere’s energy data analytics platform.
CALGARY, Alberta--(BUSINESS WIRE)--GuildOne Inc. (GuildOne) is pleased to announce that the company has issued its first series of voluntary carbon credits on the Cardano network as digital tokens. Each token represents a tonne of carbon saved from emission through underground storage.
Under its sustainability division, ESG1, GuildOne united an ecosystem of technology and energy partners for the issuance, including leading data analytics SaaS provider Validere, Amazon Web Services (AWS), and an energy partner, who generated the credits through a Carbon Capture, Utilization and Storage (CCUS) project at a facility in Alberta.
See: Are the new carbon offset ETFs too simplistic of a solution?
The vision behind ESG1’s initial project was a technological solution to the challenges facing the rapidly growing voluntary carbon credit market, predicted by former Bank of England Governor Mark Carney to reach $100 billion by 2030, including widespread fraudulent and misrepresented credits.
ESG1’s tokens include the carbon’s proof-of-origin, verified measurement and analysis using Validere’s commodity data cloud, and attestations certifying the data. The automated process reduces the high costs of manual data capture and verification, making trusted credits economically viable at scale.
“Achieving meaningful environmental progress requires collaboration amongst multiple stakeholders. This combination of data analytics technology, energy industry expertise, and blockchain to measure and sequester carbon is a great example. We believe coming emissions goals will create increasing demand for solutions that ensure validation and audit trails,” said Zach DeWitt, a Partner at Wing VC and Validere investor.
Carbon credits from CCUS are expected to be a major contributor to global efforts to fund the $90 trillion in sustainable infrastructure required by 2030 to support decarbonization, according to the World Bank, and the credit market is a key priority at November’s COP26 UN Climate Change Conference.
“Tokenized carbon credits, offsets, and renewables may prove to be the pinnacle non-fungible token (NFT) of our lifetime,” said Anoop Nannra, Global Blockchain Leader at AWS. “Seeing partners like GuildOne build great solutions, and customers across the board in energy, capital markets, oil & gas, and elsewhere develop broader awareness of how to actualize their ESG goals through the adoption of blockchain technology is exciting.”
See: Capitalism must be saved by capitalists, argue these pioneering ESG investors
According to GuildOne CEO James Graham, the low carbon intensity of the Cardano platform and its native asset and smart contracts functionalities were key to the company’s decision to use it for the initial credit launch.
“We have an incredible ecosystem committed to building solutions that can help bridge the global gap in climate finance, and Cardano’s commitment to sustainability made it our leading choice for a public blockchain platform,” he said. “We’re excited to continue our work on Cardano and also develop new interoperability with R3’s Corda, our private blockchain network partner.”
The next stage of GuildOne’s ESG1 initiative includes data registration on Corda linked to Cardano token issuances and to settling token transactions as native assets on the Corda network. The company is also developing projects to issue forestry backed ESG credits that support Indigenous environmental reconciliation in Canada.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Decarbonizing Crypto: Getting to the facts of the decarbonisation discussion
Zumo | Nov 8, 2021
Decarbonising crypto: a state of play report
How exactly should we be gauging the real environmental impact of cryptocurrencies?
Where do we turn for our information? How do we interpret it? And how do we move forwards on this important issue, together?
As part of our commitment to explore the issue openly, provide a voice for sustainability in crypto and facilitate collective action, in September 2021 Zumo organised a ‘Decarbonising crypto’ round-table that brought together expert voices from across the sector to gather opinions and perspectives from solution providers, industry participants and environmental research on key questions of methodology, benchmarking, collaboration and technology.
See: Can Blockchain Solutions Unlock Capital to Fix Our Planet?
The resulting ‘state of play’ report is one of the first to comprehensively deconstruct the methodologies and assumptions quantifying the environmental impact of cryptocurrencies, providing a point of departure for decarbonisation discussions, and laying the foundation for further action and collaboration in the crypto space.
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Download the 37 page PDF report Decarbonising Crypto --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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3 Trends in 2022 Predicted to Shape Investment Crowdfunding
Crowdfund Insider | | Nov 1, 2021
Investment crowdfunding took off when the JOBS Act regulation went into effect back in 2016 and has become a booming industry in short order. We saw some significant regulatory changes in March of this year, with the Securities and Exchange Commission (SEC) confirming capital formation increases for Reg A+ and Reg CF. These increases solidified just how impactful this type of crowdfunding can be.
Equity crowdfunding has garnered trust and legitimacy from issuers, investors, broker-dealers, transfer agents, and lawyers—and raised $239 million via Reg CF and $1.6 billion via Reg A+ in the first half of 2021. Today, there’s nearly $800 million invested across 64 FINRA-licensed Reg CF funding portals.
Significant, positive economic ripple effects from equity crowdfunding
When it comes down to it, what 2020 and 2021 have clearly shown us is that investors want to participate in and support small businesses.
See: Doug Ellenoff on US Reg CF Increasing Issuer Caps to $5 million: Investment Crowdfunding Will Challenge Traditional Venture Capital
At my firm, we’ve seen 4,000+ issuers to date, including startups, small businesses, and medium-sized businesses. These SMEs are choosing equity crowdfunding instead of traditional, bank-led financing because they can control their offering and financing needs. No longer beholden to the mercy of a single small business banker with specific credit appetites, or a venture capital firm with narrow funding parameters, these entrepreneurs are now in the driver’s seat and their customers and supporters are riding shotgun alongside them.
Currently, the top five industries for issuers are software, distilleries and breweries, restaurants, internet and e-commerce, and movies, according to research from Crowdfund Capital Advisors. Ironically, all industries are significantly impacted by COVID. But investors in these spaces are eager to participate in crowdfunding for their favorite businesses, and in 2020 venture capital was particularly difficult to come by. The world watched as so many of our favorite restaurants, venues, and small businesses closed because they didn’t have the financial ability to stay afloat. But equity crowdfunding presents a chance for those businesses to get back in the game.
As we forge ahead into 2022, the impact of equity crowdfunding for COVID-affected small businesses will play out with positive ramifications in local economies by creating not only capital for businesses, but creating jobs as well. 120,000 local jobs have been created so far in 2021 as a result of successful Reg CF offerings, reported Crowdfund Capital Advisors. These salaries support government taxes, consumer spending, savings, and more. They’re supporting our communities and keeping food on our neighbors’ tables.
See: Reg CF: Investment Crowdfunding Tops $1 Billion on Heals of Funding Cap Increase
Accessible crowdfunding for all
As we move into 2022, the equity crowdfunding industry will continue to build a foundation for underserved people to gain access to the financial system in terms of meaningful investments. Anyone—regardless of social status or annual income—should be able to begin investing in companies that hold meaning for them. It’s about radical accessibility and execution. Looking to the future, we’re building a system that allows for more equal access for both the issuer and the investor.
Whereas only 1.2 percent of the venture capital invested in U.S. startups in H1 2021 went to Black founders, and just 2.3 percent to women in 2020, women and people of color make up 40 percent of issuers using Reg CF.
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The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Canadian securities regulators seek comment on climate-related disclosure requirements
CSA | Release | Oct 18, 2021
Calgary and Toronto – The Canadian Securities Administrators (CSA) today published for comment proposed climate-related disclosure requirements. The proposed requirements address the need for more consistent and comparable information to help inform investment decisions. They also demonstrate the CSA’s commitment in favour of the growing international movement toward mandatory climate-related disclosure standards.
The requirements contemplate disclosure largely consistent with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. They will improve the comparability of the information issuers disclose and help investors make more informed investment decisions by enhancing climate-related disclosure. The requirements are also intended to address costs associated with reporting across multiple disclosure frameworks, improve access to global markets and facilitate an equal playing field for issuers.
See: The evolution of ESG: Corporate sustainability leaders in the financial services sector are taking on new responsibilities
“We recognize some issuers already share certain climate-related information,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Our proposed requirements will bring those disclosures into a harmonized framework benefitting investors and issuers alike and aligning Canadian capital markets with the global movement towards consistent and comparable standards.”
The proposed requirements contemplate disclosure by issuers related to the four core elements of the TCFD recommendations:
- Governance – an issuer’s board’s oversight of and management’s role in assessing and managing climate-related risks and opportunities.
- Strategy – the short-, medium- and long-term climate-related risks and opportunities the issuer has identified and the impact on its business, strategy and financial planning, where such information is material. As a modification from the TCFD recommendations, the proposed disclosure would not include the requirement to disclose “scenario analysis”, which is an issuer’s description of the resilience of its strategy within different climate-related scenarios, including a 2°C or lower scenario.
- Risk management – how an issuer identifies, assesses and manages climate-related risks and how these processes are integrated into its overall risk management.
- Metrics and targets – the metrics and targets used by an issuer to assess and manage climate-related risks and opportunities where the information is material.
See: Regulators target “greenwashed” products susceptible to marketing hype
Issuers would be required to disclose their Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions and the related risks, or their reasons for not doing so. The CSA is also consulting on an alternative approach that would require issuers to disclose Scope 1 GHG emissions. Under this alternative, disclosure of Scope 2 and Scope 3 GHG emissions would not be mandatory.
“With global momentum building on sustainability-related disclosures in both the public and private sectors, these proposals reflect our vision and expectations for reporting issuers as we move towards a global baseline for such disclosures,” said Morisset.
The disclosure requirements would be phased in, as outlined in the notice, to give companies sufficient time to plan for implementation.
The proposed disclosure requirements draw on extensive engagement with stakeholders, follow environmental and climate-related reporting guidance issued by the CSA in 2010 and build on CSA Staff Notice 51-358 Reporting of Climate Change-related Risks published in August 2019.
Continue to the original release --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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