ClimateSeed Qorus Banking Innovation Awards 2019 - Winner

Over the last 12 months BNP Paribas has built on its existing strengths in sustainability to go beyond green finance. By embedding the UN Sustainable Development Goals (SDGs) at the core of its strategy, business model and culture, BNP Paribas has integrated sustainability in all its business lines and broadened its product offering. Transitioning to a low carbon economy requires solutions that embrace new technologies; ClimateSeed, which was launched by BNP Paribas in 2018, is an example of how innovation and sustainability together can accelerate positive impact. ClimateSeed is a voluntary carbon offsetting platform to help connect organizations with tangible projects to cut carbon emissions. The ClimateSeed marketplace connects businesses looking to offset their carbon emissions and contribute to the UN SDGs with project developers offering voluntary carbon credits and looking for funding. ClimateSeed aims to increase the transparency, security and efficiency of the voluntary carbon market through a thorough verification process, that is built on a simple, secure, and user-friendly digital platform. ClimateSeed is a social cause-driven company and was launched during the Global Social Business Summit in November 2018 with Nobel Peace prize laureate Prof Yunus. The entire project, business plan, and articles of association have been reviewed by Grameen Creative Lab, whose mission is to help organizations implement social businesses as a way to meet society's most pressing needs. As a Social Business, ClimateSeed must reinvest its profits to maximize its environmental and social impact and includes projects that create decarbonization educational programs for example.