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Industry news

LPA partners with Evercity for ESG


18 November 2021 UK
Reporter: Jenna Lomax

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Image: BillionPhotos.com
LPA, the capital markets technology and advisory firm, has partnered with Evercity to enhance its ESG consulting services, utilising Evercity’s blockchain-based platform.

Evercity’s digital platform, designed to measure impact measurement and investment, launched at the UN Global Climate Innovation Lab during COP26 in Glasgow.

As part of a wider effort to work towards attaining the United Nations’ 2030 Agenda for Sustainable Development, Evercity developed a blockchain-based platform to streamline the end-to-end sustainable finance process.

The platform is designed to make it easier and cheaper to issue green and sustainability-linked bonds, while also adding more transparency to the process.

It also helps banks, impact funds and companies to assess EU Taxonomy alignment, monitor and track their sustainable investments.

Evercity is a founding member and leader of the finance working group in the Climate Chain Coalition, a global association co-chaired by the United Nations Framework Convention on Climate Change, working to advance blockchain and related digital solutions to help mobilise climate finance and enhance measurement, reporting and verification of climate actions.

LPA monitors the numerous amendments of the EU Action Plan and, together with Evercity, will help financial institutions keep abreast of regulatory changes, implement new requirements and track progress against ESG goals.

Hans-Joachim Lefeld, partner, ESG Consulting at LPA, comments: “As pressure for sustainability rises, financial institutions are recognising the need to move towards a low-carbon economy and have started to adjust their business models to fully embrace ESG requirements. Together with Evercity we are confident we can provide financial institutions with the tools necessary to achieve their goals.”

Alexey Shadrin, CEO of Evercity says: “Green finance is growing at an unprecedented speed. However, we still need to mobilise more of it and ensure that there is no greenwashing. We are excited about the collaboration with LPA and it’s our belief that together we will be able to expand our reach in the German and EU market.”
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