We believe that the thoughtful management of environmental, social, and governance (ESG) issues means a smart business and see it as an essential part of long-term success in a rapidly changing world. Both XELS and Elesol teams are committed to investing responsibly by integrating material ESG considerations into our daily life, business processes, and future investment processes.
Companies that carefully manage ESG risks and opportunities today should be better situated in the future as diminishing resources, changing consumer demands, and increased regulation are expected to pose more significant challenges and opportunities.
We believe that our capital, operational capabilities, and long-term vision position us to be part of the solution. We are committed to working together to manage ESG factors in our diligence process and the management of our partnership. We will systematically embed ESG factors into our businesses strategy, policies, and practices, concerning our development process, digital asset management, stakeholder engagement, and our non-profit foundation activities,
We will continue to thoughtfully approach the ESG opportunities and challenges that we face and look forward to finding new ways to create sustainable.
XELS Foundation develops and manages standards and frameworks to vet environmental and sustainable development efforts, build their capacity and connect them to funding. By ensuring that our rules are robust, practical and transparent, we can accurately quantify benefits and drive investment in responsible, high-performing projects and programs.
Individuals and corporations around the world are recognizing the importance of reducing their GHG emissions. As a result, many of them are reducing their carbon footprints through energy efficiency and other measures. Quite often, however, it is too expensive for these entities to meet their targets or eliminate their carbon footprint with internal reductions, and they need a mechanism to achieve these aspirational goals.
Of course, it is critical to ensure or verify, that the emission reductions generated by these projects are occurring. This is the work of the XELS Foundation – to ensure the credibility of emission reduction projects. We review each and every wind farm, solar system, hydro facility and carbon offset project that we buy from. Specifically, we look for projects that represent no significant adverse environmental effects (e.g., wildlife displacement or mortality) or social impacts (e.g., disruption of traditional land uses or community protests)
Once projects have been certified against the XELS Foundation rigorous set of rules and requirements, XELS Foundation will be purchasing carbon credits and RECs and be distributing them to investors in proportion to the amount of XELS converted.
By tokenizing carbon credits into fungible assets that have liquidity on an enterprise-grade platform, XELS will bridge multiple liquidity pools: corporate traders & end-users, traditional commodities trading markets, and market makers, as well as the cryptocurrency community.
We will work closely with civil society, governments, and the private sector to develop innovative frameworks and enable results on the ground. We continue to bring our expertise in standard development and program management from our flagship blockchain based voluntary carbon and REC market program into new fields, to increase the scope and scale of our impact.
All of our programs undergo extensive consultation and expert review and draw from four key components: standard, independent assessment, accounting methodologies, and registry.