Green Fintech MVGX Launches Dedicated Subsidiary for Carbon SaaS Products and Services

MVGX Holdings (MVGX), a Singapore-based green fintech group providing regulated financial services and end-to-end carbon Software-as-as Service solutions, announced the establishment of a new subsidiary, MVGX Tech, dedicated to Carbon SaaS products and services.

The subsidiary will be led by Frank Zhang, a fintech, ISO standard certification, and sustainability veteran, and plans to enable companies to effectively measure, manage, and report their carbon footprint and to achieve their carbon reduction targets while meeting evolving regulatory requirements and shareholder demands for greater climate responsibility.

Zhang holds over 20 years of experience in business strategy, technology management, and advisory services across the United States and the Asia Pacific markets. Most recently, he served as the Managing Director of Greater China at the British Standards Institution (BSI)

He has also held various leadership positions in companies in information technology, banking, insurance, management consulting, and marketing industries across the US and China. These companies include BSI, IBM, Citibank, Bank of China, Capgemini, Ernst & Young, and Dentsu International.

Commenting on the new unit, Zhang said: “The increasing severity of the climate crisis has shown organisations of all sizes across the globe that we need to take immediate action in the fight against climate change. Making decarbonisation commitments is one thing, but having the right tools, data, and expertise to verifiably back them up is another.”

MVGX Tech’s Carbon Connect Suite covers all three scopes of emissions, enabling companies to manage their carbon balance sheet while giving them a more transparent and thorough understanding of their sustainability obligations.

It also enables companies to comply with emerging regulatory requirements such as mandatory disclosures as part of the European Union’s Carbon Border Adjustment Mechanism (CBAM).

The Carbon Connect Suite can also help companies to develop carbon credit projects and provide carbon credit issuance and listing services while also providing carbon credit registry and trading capabilities. Developed in partnership with globally-recognised ISO certification bodies, such as BSI and TÜV-SÜD.