The Green Block

🚨 Last Chance to Join The Green Block Talks – Tomorrow! 🌿💡 WEB3FEST 2024 is in full swing, and tomorrow's Green Block Talks is one of the most anticipated events of the festival! Don’t miss your chance to be part of this exclusive gathering focused on sustainability, AI, and Web3 innovation. 🔗 Register Now: https://lu.ma/1c8sv1dm Join us at the BEEAH Headquarters in Sharjah, designed by @^Zaha Hadid, for a morning of groundbreaking discussions with industry leaders like: – Khaled Al Huraimel (BEEAH Group) – Matt Hingerty (Star Scientific Limited) – Jihad Tayara (EVOTEQ) – Daniela H. (Dynex) – Kamal Youssefi (The Hashgraph Association) – Saqr Ereiqat (Crypto Oasis) – Tom Rieder (The Green Block Venture Studio) Key Topics: – Hydrogen energy transitions 🌍 – Quantum computing for sustainability 🖥️ – Green Block Venture Studio Initiative 🚀 🗓️ Event Date: October 15th, 2024 📍 Location: BEEAH Group Headquarters, Sharjah ⏰ Time: 10:00 AM - 12:00 PM This is a unique opportunity to learn how AI and blockchain are powering sustainable innovations and to network with thought leaders shaping the future of green tech. #WEB3FEST #TheGreenBlock #Sustainability #AI #Web3 #Blockchain #Hydrogen #QuantumComputing #Innovation #Dubai #BEEAH #CryptoOasis

📣 The Green Block News Submer, a provider of sustainable cooling solutions for data centers, has raised $55.5 million in a new funding round to support its immersion cooling technology. This innovation helps data centers reduce power and water consumption, cut costs, and lower their environmental impact, as the demand for AI-driven data capacity grows. Submer's technology also extends hardware lifespan and addresses energy challenges highlighted by major tech companies like Microsoft and Google. Source: ESG Today

📣 The Green Block News Climate tech startup Coral secured $3 million in pre-seed funding to enhance its AI-powered carbon emissions management platform and expand to Abu Dhabi. The blockchain-backed platform ensures transparency in carbon credits. Coral’s partnerships, including with Nissan’s Formula E team, position it to drive sustainability efforts globally. The UAE's crypto-friendly policies could further benefit Coral’s growth. Source: The Block

📣 The Green Block News ING Bank issued $35.37 billion in sustainable financing during Q2 2024, a 30% increase from Q1. The EMEA region accounted for 70% of ING's sustainable finance activities. The bank aims to expand its power generation lending to $8.24 billion by 2025, with strong growth in both EMEA and APAC regions. Source: Asia Banking and Finance

📣 The Green Block News The Dubai Chamber of Commerce awarded its Environmental, Social, and Governance (ESG) Label to 27 companies during Sustainability Week 2024 (October 7-11). Recognized firms include ADNOC Distribution, Emirates NBD, and DP World, for advancing sustainable business practices. The ESG Label encourages responsible governance and sustainability, promoting corporate readiness for regional and global ESG standards. Source: ZAWYA

📣 The Green Block News Deloitte has launched the LEAP Dashboard, a tool designed to help organizations manage nature-related dependencies, impacts, risks, and opportunities (DIROs). Aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) framework, it integrates ecological considerations into financial and strategic decisions, offering advanced analytics and customizable insights. The dashboard enhances organizational transparency, supports sustainable business practices, and provides actionable insights for businesses to align with environmental goals. Source: ESG News

📣 The Green Block News The UNDP and UAE-based e& have signed a cooperation agreement to drive digital transformation for sustainable development across the Arab States. The collaboration will focus on bridging digital divides, promoting financial inclusion, and utilizing AI for climate resilience. It will also support initiatives like the AI4SD platform and the Climate & Natural Disaster Crises (CNDC) Platform to foster sustainable growth and empower underserved communities. Source: Economy Middle East

📣 The Green Block News UK supermarket retailer Asda has announced a new sustainable supply chain finance scheme in partnership with HSBC UK, aimed at promoting sustainable practices among its suppliers through financial incentives. This initiative aligns with Asda's commitment to set science-based carbon emissions reduction targets across its value chain, addressing the 98% of its carbon footprint attributed to Scope 3 emissions. The program will reward over 250 suppliers with enhanced financing rates based on their disclosure of ESG data and performance against sustainability goals, encouraging greater transparency and action on shared initiatives. The sustainability-linked finance program is set to launch in 2025 and will be voluntary for suppliers. Source: ESG Today

📣 The Green Block News Following a successful $2.5 million funding round, ekko is on a mission to deliver $1 billion to environmental projects globally by collaborating with financial institutions. Their B2B product allows fintechs, banks, and payment service providers to seamlessly integrate sustainability into their offerings, meeting the increasing consumer demand for purpose-driven services. Recent research highlights that a significant majority of consumers are willing to adjust their behaviors for sustainability, making ekko’s initiative timely and impactful. By enabling customers to monitor their carbon footprint and contribute to vetted environmental projects, ekko aims to foster climate awareness and drive meaningful change through everyday banking experiences. Source: FF News | Fintech Finance

📣 The Green Block News Gargash Group has officially partnered with Mashreq al-Arabi Bank to enhance its sustainability efforts, marked by the signing of a Memorandum of Understanding (MoU) at the Mercedes-Benz Brand Center in Dubai. This collaboration has introduced Gargash Group's inaugural Green Loan, enabling the firm to embark on solar installations across 25 sites with a combined energy potential of over 5 MW in the next three years. Both organizations are exploring future initiatives in environmental, social, and governance (ESG) integration to promote robust sustainability agendas and achieve ambitious targets aligned with the UAE Green Agenda 2030 and Net Zero Strategy 2050. Learn more: https://lnkd.in/dF7Ry3Jf Source: ZAWYA