HBAR Foundation, the development team behind the Hedera blockchain, announced via Twitter on Thursday that CorpStage is creating its new verifiable and auditable ESG reporting platform on the Hedera network. The platform will provide companies with a trusted and reliable way to track and report on sustainability and social responsibility efforts.
The CorpStage platform is a complete sustainability ecosystem, providing corporates with a sophisticated project management tool that adheres to proper governance and approval processes whilst enabling the generation of carbon offsets and social impact credits. On completion of ESG milestones, corporates earn smart certificates that they can publish to stakeholders - enabling greater stakeholder engagement and sustainable communications.
Hedera Hashgraph is distributed public ledger infrastructure. According to the team, it offers significant improvements over existing blockchains in five areas: performance, security, governance, stability, and regulatory compliance. HBAR is trading at $0.0603 at press time, up by 9% over the last 24 hours.