MineHub Technologies (MHUB) has launched its ESG solution for mining and metals supply chains.
Corporations globally are now expected to disclose their certified ESG performance, which includes the ESG profile of their supply chains.
The MineHub ESG Solution now enables its users to digitalize key aspects in the administration, certification and reporting of environmental, social and governance (ESG) credentials.
It is integrated with the core MineHub platform and allows users to track ESG goals such as direct and indirect carbon emissions related to the products they sell, buy, and finance.
Disclosing direct emissions is not sufficient anymore, especially in mining and 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.
With the ESG Solution, 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;
- 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; and
- Automate the inclusion of the certified ESG data within the transaction data sets related to the sale, purchase, or financing of products.
Arnoud Star Busmann, MineHub CEO, commented on the new solution.
“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,” he remarked.
“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.”
Minehub Technologies is a technology company focused on improving efficiency in the mining and metals supply chain.
Shares in MineHub Technologies Inc. (MHUB) are up 8.40 per cent, trading at $1.29 per share as of 9:32 am EST.