LPA announced that it has enhanced its ESG consulting services through a partnership with Evercity, a digital platform for impact measurement and investment launched at the UN Global Climate Innovation Lab during COP26 in Glasgow.
Towards attaining the United Nations’ 2030 Agenda for Sustainable Development, Evercity developed a blockchain-based platform for the end-to-end sustainable finance process that makes it easier, cheaper and more transparent to issue green and sustainability-linked bonds. It also helps banks, impact funds and companies to assess EU Taxonomy alignment, monitor and track their sustainable investments.
Evercity is a founding member and leader of the finance working group in the Climate Chain Coalition, a global association co-chaired by the UNFCCC, working to advance blockchain and related digital solutions to help mobilize climate finance and enhance measurement, reporting and verification of climate actions.
European regtech LPA monitors the numerous amendments of the EU Action Plan and, together with Evercity, will help financial institutions keep abreast of regulatory changes, implement new requirements and track progress against ESG goals.
Hans-Joachim Lefeld, partner ESG Consulting at LPA, said in a statement: “As pressure for sustainability rises, financial institutions are recognizing the need to move towards a low-carbon economy and have started to adjust their business models to fully embrace ESG requirements. Together with Evercity we are confident we can provide financial institutions with the tools necessary to achieve their goals.”
Alexey Shadrin, CEO of Evercity, said in a statement: “Green finance is growing at an unprecedented speed. However, we still need to mobilize more of it and ensure that there is no greenwashing. Fraudulent activities are not moving the industry closer to achieving the goals set in the UN Agenda 2030, but blockchain offers a solution to this problem by creating a golden source of truth for everyone. We are excited about the collaboration with LPA and it’s our belief that together we will be able to expand our reach in the German and EU market.”