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July 13, 2024

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Global Cannabis Applications (APP.C) goes all in with clearESG

Global Cannabis Applications (APP.C) goes all in with clearESG

Global Cannabis Applications (APP.C) and Net Zero Analysis and Design (NZA) new partnership is to help users of the new Efixii software platform ‘clearESG’ make clear and verifiable ESG (Environmental, Social and Governance) claims.

ClearESG is a new software-as-a-service (SaaS) offering that will give clients the ability to authenticate their ESG claims using the blockchain.

“Blockchain provides us with a technology platform that allows our company to quickly add transformational technologies and services. Developing tools that help the challenge of implementing sustainability goals not only helps our clients but makes an impact in the world. Working with a reputable company such as NZA, provides our soon to be released ESG product clients with the comfort and knowledge that not only can we assist with sustainability reporting but that we can also help with analysis that reduces costs and provides a potential new source of income for the grower and manufacturers,” according to Bradley Moore, CEO of Global Cannabis Applications.

NZA will help companies operating in both the cannabis and hemp sectors with their facility audits, and more specifically with greenhouse gas accounting, risk assessment and energy efficiency opportunities as well as potentially helping to uncover new income streams.

“Being able to work with GCAC’s blockchain technology to validate the sustainability claims for the cannabis and hemp industries will bring new positive exposure to the industry and the markets served. There is a big push for all supply chains to demonstrate carbon neutrality in line with U.N. definitions. The collaboration between NZA and GCAC will appropriately prepare companies to smoothly navigate the rapidly changing regulatory landscape and take advantage of new opportunities in the carbon marketplace. This, to our knowledge, will be a first for the cannabis and hemp sectors,” said George Sullivan, founder and CEO of Net Zero Analysis.

These facility audits will help to collect data necessary for accurate corporate disclosures, compliance requirements, ESG reporting, carbon-footprint reduction goals and plenty more. The partnership also includes third-party auditing for the U.N supported Principles for Responsible Investment (PRI), Global Reporting Initiative (GRI), Task Force on Climate Related Financial Disclosures (TCFD), and Climate Neutral Now initiative of the UNFCCC Secretariat and other frameworks.

—Joseph Morton

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