Leveraging BSI’s methodology to accurately verify carbon neutrality, MVGX was able to offset its carbon footprint precisely using its Carbon Neutrality Token .
Following its successful pilot to neutralise its own carbon emissions, MVGX’s Carbon Neutrality Management System is now available to all institutions looking to enhance their sustainability efforts and further their environmental, social and governance mandates.
The Carbon Neutrality Management System supports businesses through the reporting, calculation and validation process to credibly certify carbon neutrality with ISO 14064-1:2018 Carbon Footprint Verification and PAS 2060 Carbon Neutrality Verification — the internationally recognised gold standards for carbon footprint validation in accordance with international management benchmarks.
Commemorating the milestone, MVGX Executive Chairman and Co-Founder Bo Bai said, “We are honoured to make history as the first business globally to be certified carbon-neutral from tokenized cross-border carbon credits.
CNTTM was launched to address one of the most challenging aspects of the Paris Agreement — the ability to properly account for and track carbon credits — enabling carbon neutrality at scale and facilitating the global agenda of net-zero emissions.
In bridging the worlds of digital assets with the sustainability sector, MVGX’s Carbon Neutrality Management System imbues integrity into the verification process, guiding organizations through the entire exercise from reporting to certification.
Commenting on MVGX’s landmark achievement, Frank Zhang, Managing Director, Greater China at BSI said, “We are thrilled to welcome MVGX’s technological innovations to bolster BSI’s world-class reporting standards.
The first tranche of 5,000 carbon credits was sold to financial institutions last year, lowering barriers to access ESG assets for institutional investors in the Asia Pacific.
MVGX is committed to bridging crypto assets with traditional financial industries, bridging carbon trading markets from different jurisdictions, and bridging illiquid assets in real economy with wider investor accessibility.
Through its expertise in Standards and Knowledge, Assurance Services, Regulatory Services and Consulting Services in the global, BSI helps clients to improve their performance, grow sustainably, manage risk and ultimately become more resilient.