1. Sustainable Finance Platform
The sustainable finance market has expanded over recent years in an effort to address societal challenges such as climate change. However, reporting on the environmental and social impacts of their projects imposes a considerable workload on the companies that issue securities. Investors, for their part, are calling for impact indicators to have a high degree of transparency to facilitate accurate comparisons between potential investments.
The sustainable finance platform extracts data from the green design of investments and uses blockchain technology to calculate a variety of impacts in a way that cannot be forged. The platform was chosen for Japan’s first Digitally Tracked Green Bond issued by Japan Exchange Group, Inc. in June 2022 and is currently being trialed as a means both of improving the efficiency of impact reporting and of providing investors with a transparent way to assess impacts whenever they need.
In the future, Hitachi intends to help resolve the challenges of the sustainable finance market by expanding the functionality of the platform, including broadening the types of equipment covered and adding support for third-party verification.