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CarbonChain and Komgo Partner to Integrate Carbon Footprint Calculations into Trade Finance Solutions

Published on
October 21, 2024
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CarbonChain and Komgo Partner to Integrate Carbon Footprint Calculations into Trade Finance Solutions

Komgo, the leading provider of digital trade finance solutions, and CarbonChain, the pioneer and leader in carbon emissions tracking, are proud to announce a strategic partnership. This collaboration aims to merge two best-in-class solutions: Komgo’s industry-leading trade finance applications and CarbonChain’s asset-level carbon footprint calculation software, offering both financial institutions and corporate clients a comprehensive tool for calculating CO2 impact of transactions.

Driving Sustainability in Trade Finance

As the demand for sustainability grows, banks, commodity traders, and industrial clients, particularly in sectors such as energy, manufacturing, metals, and agriculture, are increasingly seeking ways to assess and mitigate the environmental impacts of their operations. 

Trusted by large institutions, CarbonChain has developed the industry’s most advanced platform for measuring and managing carbon emissions. Leveraging proprietary algorithms and deep sector expertise, the company enables clients across commodities, energy, and industrial sectors to track the full lifecycle of carbon emissions—from extraction and production to transportation. Komgo’s digital solutions—designed to streamline, automate, and manage trade finance activities—provide an ideal platform to deliver this essential data to the right stakeholders precisely when they need it.

“This solution is not limited to commodity traders and their financing partners,” explained Baptiste Audren, CRO, at Komgo. “Banks and corporates will be able to make more informed decisions based on the carbon impacts of their financed activities. By integrating CarbonChain’s leading carbon footprint measurement platform, Komgo is helping advance the sustainability goals of the entire trade finance ecosystem.”

Empowering Clients with Data-Driven Sustainability

Komgo’s suite of business applications, including Konsole, Trakk, and the Digital Borrowing Base, will progressively include CarbonChain’s capabilities. Real-time integration of carbon footprint data into trade finance workflows means that clients can evaluate emissions associated with their transactions throughout the lifecycle. This powerful combination of trade finance management and sustainability data offers users the tools they need to improve decision-making, manage long-term risks, and meet evolving regulatory requirements.

Key Benefits of the Integration:

  • Carbon Footprint Evaluation: Integrate carbon data directly into trade finance decision-making processes.
  • Meeting Sustainable Financing Needs. Share carbon data with financing banks for a range of requirements: from Bilateral Sustainable-Linked Loans (SLLs) to KPIs on a Syndicated Borrowing Base. 
  • Benchmark commodity emissions. Map the GHG profile of specific commodities against global benchmarks and sectoral pathways where available.

“This partnership with Komgo is a key step forward for CarbonChain,” said Roheet Shah, COO & Co-Founder, at CarbonChain. “By embedding our carbon tracking technology within Komgo’s trade finance solutions, we are giving banks and corporates more tools to manage carbon exposure, all while continuing to meet their financial objectives. Our goal is to empower every organization to take meaningful action towards a more sustainable global economy”.

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