December 7, 2021
MineHub Technologies Inc. (TSXV:MHUB, Not Rated, Timothy Lee) announced the launch of its ESG solution for the metals and mining supply chain. The solution will be integrated within MineHub’s core platform and allow users to digitalize key aspects in administration, certification and reporting of Environmental, Social and Governance (ESG) credentials, including direct and indirect carbon emissions related to the products that are sold, bought and financed. We note that the launch of this application comes at a critical time where ESG disclosures are increasingly becoming a requirement in corresponding jurisdictions. The following features are included within the ESG solution: 1) capture and administer the ESG credentials, including the emissions intensity of brands and products, 2) automate the accounting and reporting of Scope 3 emissions, 3) optimize investment portfolio decisions based on accurate and detailed emissions data from customers, suppliers and logistics, 4) request and record third party certification of their ESG credentials, and 5) automate certified ESG data within the transaction data sets that are related to the sale, purchase or financing of products. Examples of suitable parties for this type of solution include automakers that advertise sustainable brands and are expected to back this up with data from supply chains and from mines that supply metals to the finished product. Overall, we believe this is a positive step for the company, not only as it continues to add solutions to its platform, but also because adding the ESG solution potentially opens the door to a broader user base. Read more
