London, 20 September, 2021 - NovaFori has today announced that it has been appointed as a technology partner by Climate Impact X (CIX), a global carbon exchange and marketplace to be established by DBS, SGX, Standard Chartered and Temasek.
NovaFori will support CIX in building the Project Marketplace, which will cater to a broad range of corporate buyers looking to buy from a curated selection of premium carbon credit projects.
The platform will integrate NovaFori’s proven marketplace technology with transparent environmental impact, risk, and pricing data from market leading partners in the carbon credit space. The marketplace will showcase verified high-quality carbon reduction and prevention projects and deliver an impactful solution for the voluntary carbon market. NovaFori is well positioned to back CIX’s long-term growth strategy, within natural climate solutions and beyond, by enhancing technical functionality and capacity effectively.
Value in the partnership between NovaFori and CIX lies in driving marketplace adoption, uniting buyers and sellers to concentrate demand and optimise supply, significant steps towards successfully scaling the carbon market.
The process of carbon neutralisation is a journey, and NovaFori is pleased to be a partner to CIX to facilitate access of the voluntary carbon market for corporates around the globe. NovaFori is committed to developing new digital markets and is proud to support CIX in driving forward the agenda on creating positive social and environmental impact.
Garry Jones, CEO of NovaFori, commented: “This partnership ensures the development of an impactful marketplace, fostering unprecedented transparency within the carbon market and creating a hub for new sustainable development projects to evolve. Together, NovaFori and Climate Impact X will build a solution for corporations to further their ESG agendas, driving demand to reach Net Zero.”
Mikkel Larsen, Interim CEO of Climate Impact X, added: “NovaFori is an important technology partner, providing expertise on marketplace design and technology. Uniting buyers and sellers on CIX’s world-class platform of trusted carbon credits will drive demand and optimise supply, paving the way for an effective scaling of the voluntary carbon market. CIX looks forward to building a transparent marketplace that will drive the global economy’s transition towards carbon neutrality by 2050.”
We are a market leading technology company based in London, with a decade of experience in combining business analysis, marketplace design, development and data science. Our technology supportsB2B and B2C clients in Europe, North America and Asia, with over $11 billion GMV transacted through our platforms since inception.
Our auction and trading platform, powered by data science, is deployed across multiple industries, including commodities, financial services, logistics and procurement. The technology platform is flexible, scalable and modular, designed with a B2C user experience and complex product attributes of the B2B world in mind. We leverage data by using machine learning algorithms to understand what's happening in the market, predict future trends and optimise marketplace performance.
NovaFori is currently expanding and raising new capital to accelerate its global footprint as a technology leader in digital transformation.