As the causes and consequences of climate change impact our lives more severely, it becomes increasingly undeniable that it is, in fact, the greatest risk facing us all. However, while the impacts of climate change are growing, so are our advances in tackling it. And today, on the first day of the UN Climate Change Conference, COP26, the world is watching to see how we will move towards cleaner air and the restoration of nature, all while creating more jobs and unleashing economic growth.
Even with many opportunities available for progress to be made, we are still not acting fast enough, but COP26 will bring the world together to combine our efforts. For this to be successful, it is understood that finance is the key driver, with it holding the potential to unlock finance flows that are consistent with a pathway towards reduced greenhouse gas emissions and climate-resilient development.
What do we need to achieve at COP26?
How is Pole Star supporting the efforts of COP26?
It is now widely recognised that finance will play a pivotal role in supporting the world on its trajectory to becoming greener, meaning the implications for the financial sector are far-reaching. With transparency being key to achieving a sustainable trade ecosystem, every player in the supply chain must monitor their environmental impact and that of those they are in business with.
This year Pole Star has formed two key partnerships to redirect the maritime trade supply chain towards more environmentally conscious decision-making. By integrating carbon emissions reporting from CarbonChain into our web-based sanctions screening and compliance platform, PurpleTRAC, and working with ESG analytics and sustainability risk screening provider, Vasanda, Pole Star is providing customers with a 360-degree view of regulatory and sustainability risk.
Watch our short video to learn more about our collaborative solution →
By forming this groundbreaking collaboration and incorporating these functionalities into PurpleTRAC, the platform becomes an end-to-end digital solution covering the full spectrum of risks across sanctions, compliance, and sustainability in global maritime and commodities trade. With climate concerns gaining traction globally and environmental regulations being incorporated into governments' long term sustainability targets, PurpleTRAC enables these datasets to be used for financial reporting and sustainable trade finance programmes.
Request a demo and schedule a free trial of our sustainability risk screening solution via email@example.com