TraceSafe Inc. (CSE:TSF) has announced the introduction of fractionalised carbon credits through its carbon management platform, ShiftCarbon, enabling companies to offset even small amounts of carbon emissions.
With fractionalized credits from TraceSafe's Carbon Pool - a special reserve of verified credits - customers of all sizes can offset emissions based on their objectives, and embed carbon removal into their workflow and customer facing applications, the company said.
Part of the company's recently launched ShiftCarbon platform, fractionalized credits will accelerate carbon neutrality by allowing businesses more flexibility and control over offsetting their carbon footprint, it added.
"At TraceSafe, we believe that everyone should have the option to fight climate change. No effort is too small or too big when it comes to climate action and fractionalization of credits will remove any cost barrier in carbon offsetting. We are proud to be one of the pioneers of fractionalized carbon credits that will truly democratize climate action," Qayyum Rajan, head of Carbon Products at TraceSafe, said in a statement.
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While carbon credits are a critical tool for companies to tackle climate change and build social capital, the cost of carbon credits may prove to be a deterrent for smaller organizations that are just getting started.
However, with fractionalized carbon credits, companies can offset even the smallest amount of carbon emissions. Along with fractionalization, the ShiftCarbon platform also powers programmatic carbon neutralization that enables carbon removal through an easy-to-use application programming interface (API) resulting in the most efficient route to net-zero, TraceSafe noted.
"Selecting and implementing high-quality carbon-offsets can be overwhelming and complicated. Our singular goal is to make this process easy and efficient for our customers. With our experience solving complex problems with innovation, we bring in the support and technology to help anyone trying to neutralize any amount of carbon emissions efficiently and transparently," Rajan added.
TraceSafe provides Internet of Things (IoT) solutions transforming large-scale industrial and enterprise operations with unique wearables, industrial-grade sensors and award-winning analytics platform.
With presence across North America, Asia and Europe, TraceSafe's solutions are trusted by leading organizations in healthcare, hospitality, construction, events, education and government.
Recently, the company announced a strategic focus towards 'managed decarbonization' to help companies take credible climate action using high-quality offsets. To this end, TraceSafe acquired an offset marketplace and launched its full suite of carbon management solutions.
Contact the author at jon.hopkins@proactiveinvestors.com