XTCC partners with Circulariti to support sustainability and carbon neutrality throughout the apparel supply chain

Providing proof of concept for carbon neutrality in the supply chain through seamless offset integration, leveraging comprehensive, real-time supply chain data to demonstrate carbon reduction efforts and impacts, and meeting growing investor and consumer demand for fair market prices and transparency in the coal asset class

London, May 31, 2024 (GLOBE NEWSWIRE) — XTCC, an investment ecosystem specializing in high-integrity listed carbon credit-linked instruments, is partnering with Circulariti, pioneers of a technology platform that enables fashion brands to achieve profitable end-to-end chain transparency supply to accelerate the implementation of net zero commitments.

Under the terms of the Joint Development Agreement (JDA), the collaboration will combine XTCC’s expertise in the creation of high-integrity carbon credit investment assets with Circulariti’s unified transparency technology and comprehensive real-time supply chain data to provide greater transparency, robustness and integrity of the best carbon emission reduction practices in the global fashion industry.

Carbon emissions are an inevitable consequence of global supply chains. The textile industry alone is estimated to be responsible for around 10% of global greenhouse gas emissions; Add to the emissions generated by shipping, air freight and other supply chain processes and it is clear that the fashion industry has a significant impact on the environment. At the same time, there is growing pressure from investors and consumers for brands to demonstrate measurable achievements in reducing greenhouse gas emissions.

The cooperation will focus on:

Greater sustainability: Establish more robust methodologies for validating carbon credit projects and initiatives across the seed-to-second life cycle of fashion.
Increasing industry transparency and credibility: Leveraging Circulariti’s comprehensive environmental impact data and platform to validate sustainability practices and projects that reduce the carbon footprint of fashion supply chains.
Supporting the sustainability goals of brands, investors and consumers Brands benefit from access to approved, high-integrity carbon credits (offset and embedded) to support the SDGs, investors can access listed assets linked to high-integrity carbon credits, and consumers can make choices in based on the brand’s measurable carbon footprint.

Jamie Goldring, founder and CEO of Circulariti said: “We are delighted to partner with XTCC and combine our platform for end-to-end transparency in the fashion supply chain with XTCC’s market-leading carbon credit investment assets. Together, we aim to address the lack of visibility in today’s supply chains and regain consumer and investor confidence in brands’ sustainability claims.”

Seth Elliott, CEO of XTCC said: “The guiding principle of XTCC is to redesign carbon trust as an asset class and deliver effective solutions for a net zero world. Transparency in the use of capital is key to increasing the flow of funds to the Global South and ensuring a real impact on reducing greenhouse gas emissions. The inclusion of XTCC in the Circulariti supply chain will establish a benchmark for other supply chains, enabling the connection of consumer demand for climate action with a technology solution that enables the seamless integration of carbon offsets. Consumer demand for clarity on carbon neutrality will show no sign of abating; XTCC and Circulariti will continue to lead the way forward.”

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About Circulariti
Circulariti enables fashion brands to achieve true transparency around their sustainability efforts and impact at every stage of a garment’s lifecycle, from farm to second life. By providing comprehensive, real-time supply chain data and a proprietary transparency platform, Circulariti supports fashion brands in demonstrating the measurable impact of their environmental and social efforts, driving positive change. Investors and consumers genuinely interested in making more sustainable choices benefit from transparency on the details and impact of eco-conscious companies’ initiatives.

About XTCC
Asset class for a net zero world

XTCC is the world’s first publicly traded investment ecosystem offering high-quality carbon credits from verified, audited projects spanning renewable energy, nature-based solutions and blue carbon. XTCC has created financial instruments that establish fair market value as a benchmark for high integrity carbon credits for the first time. Investments are necessary to fill the multi-billion climate financing gap. XTCC provides the capital markets with an ecosystem of financial instruments that allows liquidity to flow to communities where it is needed most.

Contact:

Jamie Goldring, founder and CEO
Round

Seth Elliott, CEO
XTCC

CONTACT: Jamie Goldring, Founder and CEO Circulariti [email protected] Seth Elliott, CEO XTCC [email protected]