Vancouver, B.C., March 3, 2022. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) and Coriolis Technologies (“Coriolis”) are pleased to announce they will develop an integrated solution for customers and financiers to verify the ESG performance of suppliers, their products and the commercial transactions executed and financed on the MineHub platform.
Coriolis has developed its Kosmos ESG score as an independent rating based on publicly available data sources, which captures the performance of companies and their products against the 17 Sustainable Development Goals (SDGs) defined by the UN. This rating mechanism is being developed and validated through the Kosmos working group, consisting of over 50 leading financial institutions including banks, insurers, professional bodies, enterprise development specialists, and multilateral organisations. MineHub Technologies is also a member of the Kosmos working group.
The MineHub ESG application enables producers to attach ESG credentials with their brands, including third party certifications on its blockchain network, and automates the inclusion of these certified credentials in the transactions being are executed and financed on the MineHub platform.
Through the collaboration with Coriolis, MineHub users can include the Kosmos ESG score in their brand profile and transaction data sets, ensuring that commercial or financing transactions comply with the purchasing and credit policies of buyers and financiers. The combination of the Minehub platform and the Kosmos ESG score is a solution that applies at many levels – from standalone transactions through to large scale supply chain finance facilities.
The Kosmos ESG score is anticipated to be available on the MineHub platform in April, 2022.