How it Works
How Do We Calculate Our Carbon Footprint?
The Measurement Methodology
We calculate the carbon footprint of our executives using a model developed by Xofia, based on real consumption and activity data. This model considers five key factors, each with a specific weight in the total emissions calculation.
How Carbon Credits Are Tokenized and Retired?
Our mitigation process is comprehensive and transparent, ensuring that every step contributes effectively to reducing our carbon footprint. Below are the key stages:
Acquisition of Verified Carbon Credits
We purchase carbon credits from projects verified by leading entities such as Verra and Gold Standard, ensuring credibility and impact.
Tokenization of Carbon Credits with Hedera
We use Hedera technology to tokenize carbon credits, making them secure, traceable, and easy to manage.
Executive Data Collection
We gather detailed data from each executive, including transportation habits, energy use in the office and at home, digital resource consumption, waste management, and corporate materials.
Monthly Carbon Footprint Calculation
An advanced algorithm calculates each executive’s monthly carbon footprint based on the collected data.
Offsetting Each Executive’s Carbon Footprint
We offset each executive’s emissions using tokenized carbon credits, ensuring full and effective mitigation.
Blockchain Data Recording
All transactions are recorded on blockchain, guaranteeing full transparency and traceability.
Retire Used Carbon Credits
Used credits are permanently retired, ensuring that offsets are final and cannot be reused.