MineHub Launches Solution for Carbon Emissions Tracking and ESG Compliance

6 12 月, 2021

新闻通告

Vancouver, B.C., December 6, 2021. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) is pleased to announce the launch of its ESG solution for mining & metals supply chains.

The MineHub ESG Solution enables its users to digitalise key aspects in the administration, certification and reporting of Environmental, Social and Governance (ESG) credentials, including direct and indirect carbon emissions, as related to the products they sell, buy and finance. The solution is integrated with the core MineHub platform and further increases the value of the MineHub platform at a time when ESG disclosure is of critical importance for all market participants and the industry as a whole.

Arnoud Star Busmann, CEO at MineHub said:

 

“Almost every conversation we have with customers and prospective users inevitably includes a reference to ESG disclosure and tracking and whether MineHub can help with that. This new solution is an integral part of the MineHub vision, and is now an urgent requirement – both for the world and for individual companies. This first release of the ESG solution will immediately start helping companies on their ESG journey, and can actually be used well beyond mining and metals, in any supply chain.”

The MineHub ESG solution enhances the MineHub core platform to solve material provenance and emissions accounting problems. Users will be able to:

  • Capture and administer the ESG credentials, including the emissions intensity of their brands and products
  • Automate the accounting and reporting of Scope 3 emissions (as they connect their suppliers and customers to the MineHub platform)
  • Enable customer, supplier and logistics, investment portfolio optimisation decisions based on accurate and detailed emissions data
  • Request and record third party certification of their ESG credentials
  • Automate the inclusion of the certified ESG data within the transaction data sets related to the sale, purchase or financing of products

Corporations globally are now expected to disclose their certified ESG performance, which includes the ESG profile of their supply chains. This requirement is increasingly tied to their cost of capital, access to trade finance, brand equity and sometimes license to operate. In some jurisdictions and supply chains this is already a legal requirement.

For instance, an automotive company in Europe is expected to have a sustainable brand promise and be able to back it up with evidence of their ESG performance including the carbon intensity of materials that are used in the manufacturing of the vehicle.  The provenance information of the materials is expected to be complete, and cover every step and every party involved in the supply chain – from the initial extraction of raw materials in often remote mines, to the smelting, to the manufacturing and into the final assembly.

Particularly, the emissions intensity of a company’s upstream and downstream value chain is of increasing importance for purchasing, financing and investment decisions.  Disclosing direct emissions is not sufficient anymore, especially in mining & metals supply chains where companies are also expected to track and report the emissions from their suppliers and customers – the scope 3 emissions of their value chain.

Material provenance and scope 3 emissions tracking are difficult and expensive problems to solve, and they require a shared data system across the supply chain participants as a key part of the solution. The MineHub platform is designed to provide just that, enabling the parties to a transaction to share a single source of truth, including relevant operational information – contracts, materials, logistics, finance, etc. – as well as ESG-related information such as emissions and material provenance.

MineHub is also integrating with partners to further increase the breadth and depth of ESG-related data and certifications that users want to provide or need to verify as part of their ESG compliance and tracking needs.

About MineHub Technologies

MineHub is an open, enterprise-grade platform for digital trade, bringing efficiency, security and responsibility to mining and metals supply chains. MineHub connects the many parties involved in a physical commodity transaction in a digitally integrated workflow, operating on the basis of shared information secured by a global enterprise blockchain network. Users of MineHub are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to customer needs and have confidence in the resilience, security and compliance of their operations.

 

Arnoud Star Busmann
CEO, MineHub Technologies Inc.

For further information regarding MineHub, please email info@Minehub.com or visit our website at www.minehub.com

 

Media Contact
Nominis Advisory, Angus Campbell at angus@nominis.co

Investor Relations
RB Milestone Group, LLC (RBMG) at minehub@rbmilestone.com

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that are considered “forward-looking information” within the meaning of applicable Canadian securities legislation (“forward-looking statements”) with respect to MineHub including, but not limited to, statements with respect to MineHub’s future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company’s operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company’s prospectus dated August 18, 2021, available on the Company’s SEDAR profile at www.sedar.com. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. The forward-looking information is made as of the date included herein. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub’s management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors should change.

了解平台

Inventory management
  • Integrated with trade management enables with automated updates of inventory with stock inflows and outflows
  • Forecast inventory levels to avoid stockouts
  • Optimize working capital through minimizing excess stock levels
  • Remove spreadsheets, reconciliation communications and operational risk of manual updates

Trade Management

Buyers and sellers of commodities collaborate on all aspects of their term contracts and transaction in one place, enabling all parties involved in a transaction to always be on the same page, in real-time

Benefits

  • Real-time visibility of all shipments across oceans and land – location and ETA
  • Secure exchange of key documents
  • Keep all communications related to the transaction with the transaction data set
  • Notifications of key events
  • One version of the truth – no need to reconcile and check
Arnoud Star Busmann is one of the pioneers in the intersection of commodities, finance and blockchain technology. Prior to joining Minehub, he was the Innovation lead for Commodities at ING Bank where he led the cross-industry initiative ‘Easy Trading Connect” that spawned projects like VAKT and komgo. Arnoud is an all-round executive with tech DNA, and has over 20 years experience in strategy execution, enterprise transformation and “blue chip” startups. After obtaining a master’s degree in Computer Science from the Netherlands, he lived and worked across Europe, Asia and Oceania.