Blockchain-powered industrial smart contract technology company Data Gumbo announced the launch of GumboNet ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments., an automated sustainability measurement solution, providing real-time verifiable environmentalEnvironmental criteria consider how a company performs as a steward of nature. performance monitoring to satisfy investors, regulators, lenders and other stakeholders.
Utilizing the Sustainability Accounting Standards Board (SASB) framework with a specific smart contract to create automated ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. reports, GumboNet ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. aims to enable companies to automate sustainability reporting with accurate measurements from the field, simplifying historically inaccurate self-reporting practices, and supporting standardization in accordance with SASB Standards.
Andrew Bruce, Founder and CEO of Data Gumbo, said:
“GumboNet ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. provides the ability to execute a company’s monitoring of sustainability goals over time across their supply chain, providing trustworthy and auditable reports for the market against the credible and widely used SASB standards. It’s a new dawn for reliable and automated environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact measurements based on smart contracts powered and secured by blockchain.”
Data Gumbo stated that GumboNet reaches across data sources, silos and counterparty information in a supply chain, capturing and verifying real-world events and services as they unfold with a corroborated, auditable record. GumboNet ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. is available as a configurable smart contract, and taps a company’s own operational Industrial Internet of Things (IIoT) field data and that of their supply chain’s to produce an accurate picture of environmentalEnvironmental criteria consider how a company performs as a steward of nature. impact.
Data Gumbo customers will have access to the GumboNet ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. as part of their GumboNet subscription to automate commercial transactions.
Bruce added:
“Our smart contract network is extremely efficient in its ability to track, report and audit the carbon footprint across supply chains. This is based on field data and facts, not estimates, as it’s also the data that companies are invoicing with and paying bills off. GumboNet ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. empowers companies to tackle previously nonexistent, difficult or subpar measurement strategies around emissions and carbon tracking, providing the trust required for accurate, provable — not estimated — ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. reporting.”
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