- Collaborations with OCBC, Razer and UBS in order to promote decarbonization initiatives
SINGAPORE, Nov. 16, 2022 /PRNewswire/ -- Sembcorp Industries (Sembcorp) will today launch its carbon management solutions company, GoNetZero™, at the Singapore Pavilion at the 27th United Nations Climate Change Conference (COP27 ) in Egypt.
A comprehensive carbon management and renewable energy solutions partner
The creation of GoNetZero™ complements Sembcorp's offering as a leader in renewable energy throughout Asia. By offering unique access to renewable energy certificates and carbon credits, as well as renewable energy portfolio management and environmental attributes, GoNetZero™ works with clients to support their corporate climate action plans.
Ng Lay San, Co-Founder and Director of GoNetZero™, said: "Businesses hold the key to achieving global net emissions. GoNetZero™ offers businesses a full suite of solutions, from renewable energy certificates to carbon credits, to achieve their decarbonization goals.
A collaborative platform with real-time verified renewable energy capabilities
Backed by Sembcorp's deep engineering and digital expertise, GoNetZero™ is supported by a collaborative digital platform using blockchain technology.
Charles Koh, Founder of the GoNetZero™ Platform and Chief Digital Officer at Sembcorp, explained: "We have built the GoNetZero™ digital platform using blockchain technology. The platform provides analytics, reporting and tracking tools, with the ability to verify renewable energy from the source in real time. Corporate clients can execute their climate action plans with confidence and transparency."
Collaboration with leading companies in decarbonisation initiatives
Several initiatives will be announced in conjunction with the launch of GoNetZero™ in collaboration with the main players in the sector.
OCBC Bank partners with GoNetZero™ on a financially supported renewable energy certificate aggregation program. The program aims to encourage companies to deploy and adopt renewable energy through various initiatives. The first phase of the program will target Singaporean companies, with plans to expand into Southeast Asia later.
Razer, the world's leading lifestyle brand for gamers, last week launched its Restorify sustainability service. Led by Razer Fintech, the fintech arm of the company, Restorify offers a carbon-neutral, traceable, and fractional box to consumers and businesses alike. This is made possible by their partnership with GoNetZero™ and ESGpedia.
Together with GoNetZero™, UBS in Singapore is piloting Asia's first time matching of energy consumption with the renewable energy it purchases in Singapore following EnergyTag certification standards. Using the GoNetZero™ blockchain-based digital platform, the pilot at UBS's Singapore office will demonstrate the ability to verify and track granular time-based tracking to identify opportunities for further carbon footprint reduction.
Support from EDB's Corporate Venture Launchpad
GoNetZero™ was supported by the Singapore Economic Development Board (EDB) Corporate Venture Launchpad, a corporate entrepreneurship program to help companies launch new ventures from Singapore with the potential to become leading global companies.
This announcement has no impact on Sembcorp Industries' earnings per share and net asset value per share for the financial year ending December 31, 2022.
For analyst and media inquiries contact:
GoNetZero™ is a trusted zero network solutions partner for businesses. By providing unique access to renewable energy and carbon management solutions, including renewable energy certificates and carbon credits, GoNetZero™ enables companies in Asia and around the world to take urgent action against climate change.
Supported by a collaborative digital platform using blockchain technology, GoNetZero™ offers portfolio management of renewable energy and environmental attributes, a marketplace for renewable energy certificates and carbon credits, and the ability to verify renewable energy at source in real time.
GoNetZero™ is a Sembcorp Industries company, a leader in renewable energy in Asia. For more information, visit www.gonetzero.ai/
For more information about Sembcorp Industries, visit www.sembcorp.com
Click here if you want more information about the GoNetZero™ digital platform and download the infographic on the operation of the sub-hourly matching of renewable energy with consumption.
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