New Partnership Allows Razer Customers to Participate in Carbon Offsets

Hashstacs Pte Ltd (STACS), a Singapore-headquartered environmental, social, and governance (ESG) fintech firm has announced its partnership with Razer, the Singaporean consumer electronics, financial services, and gaming hardware company, to launch Restorify, an e-commerce service with a traceable carbon neutral checkout.

Through Razer fintech, the company’s financial technology arm, Restorify aims to empower Razer customers to practice responsible consumerism allowing them to offset purchases using digital technology powered by STACS.

It is further integrated with STACS’ ESGpedia digital registry, which powers the Monetary Authority of Singapore’s Greenprint ESG Registry.

Restorify allows Razer customers to engage in individual carbon offsets when purchasing Razer products. These individual offsets transactions would be digitally recorded onto the ESGpedia registry, thereby enhancing the traceability and transparency of the entire carbon credit value chain: from origination to retirement of every single transaction, even down to fractional ones, upholding integrity of the credits.

By having every individual transaction digitally captured throughout its lifecycle up to its retirement, consumers can get a truly complete view of the individual offset transactions that they have participated in. This transparency is currently otherwise lacking in today’s consumer carbon offset market.

Technology Behind the Partnership

The partnership is powered by STACS’ Carbonpal platform, which is a carbon credits digital management platform that facilitates the fractionalisation of carbon credits for purchase by end consumers.

It helps to track the flow of transactions from merchants to consumers, and records key attributes of the carbon credit projects such as country, project type, quantity, vintage year etc.

These fractionalised transactions from Carbonpal are linked to ESGpedia where the carbon credit module would be made available for viewing by the public to track their carbon offset efforts on an individual level, along with transaction and project information aggregated from the various carbon credit registries.

Commenting on the partnership Benjamin Soh, Managing Director at STACS, said: “We aim to enable corporates of all sizes to navigate the opportunities in going green via holistic ESG data and technology. We are honoured to be partnering Razer in its journey towards spearheading sustainability amongst consumers via enhancing transparency in its carbon credits processes.

#Hashtacs #Razer #CarbonOffsets