The startup provides a digital platform that employs data analytics to quantify the social and environmental outcomes of investments. This enables investors to evaluate the effectiveness of their funding against specific impact goals, enhancing their decision-making process.
Funding
$620K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Issuing and managing green debt and carbon credits is often complex, costly, and lacks transparency, hindering the flow of capital towards sustainable projects. Traditional methods make it difficult for investors to accurately assess the environmental impact and ensure that funds are being used effectively.
Solution
Evercity provides a SaaS platform that streamlines the origination of green debt and carbon credits, making sustainable finance more accessible and transparent. The platform automates the structuring, issuance, monitoring, and reporting of sustainable debt instruments like green bonds and sustainability-linked loans, as well as carbon credits. By integrating blockchain technology with monitoring tools such as IoT sensors and satellite data, Evercity ensures data immutability and enables real-time tracking of environmental impact. This end-to-end solution helps banks, funds, corporations, and SMEs to comply with regulations like the EU Taxonomy, attract investors, and reduce the risk of greenwashing.
Target Audience
Evercity targets institutional investors, SMEs seeking funding for sustainable projects, banks arranging sustainable finance issuances, custodians, and auditors verifying green frameworks.
Features
- EU Taxonomy screening to identify sustainable assets and ensure compliance with regulatory requirements
- Automated creation of sustainable debt frameworks to reduce time and costs
- Digital asset issuance on a blockchain protocol for increased transparency and traceability
- Integration with IoT devices and satellites for real-time monitoring of ESG performance
- Interactive ESG map for visualizing and analyzing sustainability risks and performance
- Automated report generation in accordance with sustainable finance frameworks and global standards
- Open-source Sustainable Finance protocol that streamlines green and SDG-linked bond issuance
- Integration with third-party KYC providers to ensure compliance with regulations