Pioneering new frontiers in sustainability through blockchain technology
United Kingdom, September 2024 – ADAPT Global proudly announces its participation in the launch of the Northern Trust Carbon Ecosystem™, a revolutionary platform powered by Northern Trust Matrix [DA]™. This platform, designed to facilitate carbon credit transactions, represents a significant step towards a more sustainable future. As the first institutional buyer to conduct live carbon credit transactions on this blockchain-based system, ADAPT continues to lead the way in providing innovative environmental solutions aligned with the circular economy.
This milestone positions ADAPT Global at the forefront of the Voluntary Carbon Market, offering clients a seamless, secure, and traceable method for carbon credit retirement.
By partnering with Northern Trust, a Fortune 500 company with a prominent presence on Wall Street, and CUT Carbon Distributed Technologies AG, a leading blockchain technology provider in the sustainability sector, ADAPT delivers cutting-edge solutions contributing to global climate goals by reducing greenhouse gases through carbon footprint offsetting.
A Breakthrough in Carbon Credit Retirement
ADAPT is the first organisation to complete transactions on this new platform, establishing a direct link between the platform’s capabilities and the sustainability benefits of pre-owned mobile devices. By facilitating the reuse of electronic devices, ADAPT enables clients to achieve significant reductions in carbon emissions, extend the lifecycle of these devices, and keep them out of landfills. These initial transactions reflect ADAPT’s commitment to advancing sustainability using digital tools to ensure transparency and security.
Barry Colman, CEO of ADAPT Global, commented:
“Partnering with Northern Trust and CUT Carbon Distributed Technologies AG allows us to offer our clients a secure and innovative way to offset their carbon footprints. This blockchain-based platform is central to our sustainability strategy, ensuring carbon credits are retired with full transparency and traceability. The link between the reuse of mobile phones and electronic devices and their sustainable benefit is a crucial part of our approach, as outlined in our strategy of linking sustainability with profitability. We’re proud to be at the forefront of this transformative space.”
Blockchain-Enabled Transparency and the Circular Economy
At the heart of ADAPT’s strategy is a steadfast commitment to the circular economy, ensuring that resources are reused and repurposed, reducing waste and creating value. All carbon credit transactions through the Northern Trust Matrix [DA]™ platform are secure, traceable, and auditable via blockchain technology. This enables ADAPT to provide customers with certificates of carbon credit retirement, allowing them to meet their carbon-neutral goals confidently.
The company’s Carbon Utility Token (CUT) initiative exemplifies this commitment. By tokenising carbon offsets, ADAPT allows customers to retire carbon credits in fractional amounts, helping both individuals and businesses offset their carbon footprints. This pioneering effort directly contributes to climate action by reducing emissions and promoting sustainability across all sectors.
Sustainability as a Competitive Advantage
As part of its broader sustainability commitment, ADAPT has established itself as a leader in the reuse and refurbishment of electronic devices, contributing to the reduction of additional emissions from new device production. The Carbon Matrix Division leverages data-driven insights and blockchain technology to extend product lifecycles, creating circular business models that benefit clients and the environment. This approach enhances sustainability and aligns with profitability, as ADAPT’s solutions create value from the extended use of electronic devices.
Looking Ahead
As ADAPT continues to pioneer in the carbon market, more transactions are planned for later this year. The company remains committed to developing advanced solutions that help clients achieve their sustainability targets while contributing to global climate goals.
About ADAPT Global
ADAPT Global is a technology sourcing specialist that provides end-to-end services to businesses worldwide, focusing on sustainability and circular economy practices. As a leader in carbon credit management and electronic device lifecycle solutions, ADAPT helps clients reduce waste, extend product lifespans, and achieve carbon neutrality through innovative digital tools like the Carbon Utility Token (CUT).