Xpansiv Company APX Launches ESGclear to Track Vital Impact Factors Across Supply Chains
The registry and ledger provider for environmental markets now includes a corporate registry for Scope 3 emissions and impact transactions.
NEW YORK, SAN JOSE – Sept. 7, 2022 — APX, the leading environmental commodities technology solutions provider, has launched ESGclear, an innovative solution that provides unprecedented transparency for transactions that require ESG reporting, financing, and mitigation across supply chains.
“Reporting requirements are becoming more prevalent and corporates must prove ESG claims at the transaction level,” said APX CEO Joe Varnas. “Evidencing compliance requires a centralized corporate ledger, and ESGclear empowers participants to capture transactions with ESG-linked attributes, proving progress toward increasingly aggressive goals.”
“As the global leader in providing registry and ledger technology for ESG attributes, APX is well-positioned to support ESG-attribute sharing across transactions,” said APX Chief Commercial Officer Brian Fellon. “Whether your firm is voluntarily reporting Scope 3 emissions or preparing for coming regulatory compliance, ESG claims must be proven for every transaction. As opposed to the siloed spreadsheets that have historically hampered progress on this front, ESGclear provides a centralized, interconnected corporate ledger to facilitate accountable, transparent reporting.”
Last month APX was acquired by Xpansiv, the global market-infrastructure platform for environmental commodities. The acquisition brings together two innovators with the technologies and capabilities to empower environmental markets to scale rapidly with liquidity and efficiency.
“Adding APX to our growing digital commodity ecosystem expands our ability to help companies achieve their climate commitments,” said Xpansiv CEO Joe Madden. “ESGclear is an integral part of that vision, providing a clear path to measurable action for Scope 3 emissions.”
APX is the leading provider of innovative technology and dynamic end-to-end service solutions for environmental commodity and power markets. The company’s 25-year history and expertise spans carbon and renewable energy credit markets, sustainable commodity markets, power generation asset management, physical power markets, and demand response program administration. In this capacity, APX serves a diverse set of clients globally, including standards bodies, regulators, government entities, and NGOs. Headquartered in San Jose, California, APX provides leading-edge market solutions on a foundation of trust, integrity, and experience. APX.com
Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital energy commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for environmental commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-registry portfolio management system for all environmental commodities; and APX, the leading provider of registry infrastructure for energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. Xpansiv.com
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