XELS forms new partnership with Redshaw Advisors
XELS, a blockchain-based carbon offset platform, has announced that it has joined forces with renowned carbon brokerage and risk management firm Redshaw Advisors. With this new collaboration, Redshaw Advisors will provide strategic advisory, consulting, and procurement of carbon credits for XELS.
XELS launched its blockchain platform and digital asset earlier this month. The startup's tokenised offset credits, which exist on an immutable public ledger, are designed to boost both transparency and participation in carbon markets. Unlike traditional carbon credits, XELS cannot be modified or double spent, and the process of "burning" used tokens ensures the credit is retired forever.
How will the partnership work?
Anyone with an internet connection can buy and trade XELS and by working with Redshaw Advisors, XELS will be able to ensure the legitimacy of each credit it tokenises. It will also provide an additional record of the credit's retirement in the Redshaw Advisors' registry account. Upon retirement, Redshaw Advisors will also issue certificates that XELS' clients can use to show the exact amount of CO2 they've neutralised.
"We are delighted to have been given the opportunity to advise, consult, and procure for XELS across carbon markets - compliance and voluntary - and renewable energy," Bill Goldie, Head of Voluntary Market at Redshaw Advisors.
In the future, XELS strives to offer regulated "compliance" credits in addition to voluntary offset credits. The startup is in advanced discussions with multiple listed Japanese corporations that wish to significantly curtail their environmental impact, in line with Prime Minister Yoshihide Suga's goal of reaching net-zero domestic emissions by 2050.
"In many ways, Japan is playing catch up with the rest of the world, and the European Union in particular," XELS founder and CEO Takeshi Nojima. "XELS will become the easiest, most transparent way for businesses to join the fight against global warming, and we'll be able to provide clear proof of their commitment - backed by Redshaw Advisors. That's something consumers will appreciate, and eventually, demand from the companies they support."
Critiqom land four-year multi-million-pound procurement deal
Critiqom, a Scottish-based communications business, recently announced its ground-breaking multi-million deal, which will see those accessing services through Scottish Procurement given the option to modernise their communications approach.
By providing an increased amount of choice in communications, the company says it will succeed in ensuring a reduced environmental impact linked to mail production.
The Opus Trust Communications company, which is accessed by the likes of local authorities, police, universities, central government, and other public sector bodies, insists that choosing a local supplier to aid in enhancing the efficiency of public sector communications would subsequently speed up its goal to go green.
“This is an opportunity to look at the bigger picture and to use our knowledge to accelerate change for public sector organisations in Scotland,” says Director at Critiqom, Gerry Crawley.
“We know that we can deliver great efficiencies and cost savings by encouraging the public sector in Scotland to adopt a new approach that embraces digital technologies.”
The tender also introduced a second lot, focusing on digital communications and hybrid mail, in an attempt to administer reduced costs for its customers. All services within the framework agreement will also be delivered in-house.
It seems the overall aim for the deal with Scottish Procurement lies with innovating and modernising the communications sector, resulting in lower prices and an increased focus on sustainability.
Who is Critiqom?
Based in Bellshill, Scotland, Critiqom supplies omnichannel solutions for companies, businesses, and organisations, all while claiming to provide innovation and drive engagement simultaneously with reducing the costs of its operations.
Its vision: to become the UK’s multi-channel communication service of choice. But how is it aiming to get there?
Critiqom insists that by spearheading customer communications with partnership and modernisation, they can achieve exceptional levels of service and choice delivered to their clients. By churning out consistently high-quality operations and by generating revenue with an emphasis on sustainability, it intends to achieve the reduced costs in communications that its clients are looking for.
Why sign the deal now?
Increasingly, more and more companies are being put under pressure to ensure their carbon footprint and sustainable strategies are aligned with, or surpassing, competition in their field. As attention is drawn to the climate and concerns arise over the sustainability of large companies in the future, the majority of businesses are battling with time to decrease their impact on the environment and ensure policies are put into place to show their progress.
Crawley states that, where possible, the company aims to provide as little distance as necessary between manufacturing and the recipient. The tender boldly claims it looks to help steer the direction in which organisations think and showcase how digitalising communications can only serve to benefit the economy and environment on a large scale.