Blockchain-powered industrial smart contract technology company Data Gumbo announced that it has joined the Open Group Open Footprint Forum, a consortium aiming to create open standards for environmental footprint-related data, including emissions and consumptions across water, land and energy for industrial supply chains. Other members in the forum include Shell, Microsoft Corporation, IBM, Amazon Web Services, Deloitte Consulting, and Accenture, among several others.
Data Gumbo recently launched GumboNet ESG, an automated sustainability measurement solution, providing real-time verifiable environmental performance monitoring. Utilizing the Sustainability Accounting Standards Board (SASB) framework, GumboNet ESG enables companies to automate sustainability reporting with accurate measurements from the field, supporting standardization in accordance with SASB Standards.
GumboNet ESG uses footprint-related data to automate sustainability measurements for invoicing and payments in blockchain-powered and secured smart contracts. This functionality can feed into framework guidelines, including the outputs of the Open Footprint Forum.
The company stated that in joining the forum, it intends to expand integrations with the Open Footprint Forum standards, once finalized, as well as to build out capabilities to support additional framework bodies.
Andrew Bruce, CEO and Founder, Data Gumbo, said:
“As a leader in the ESG data measurement space, joining the Open Footprint Forum is a logical step toward collaborating with other major players to build open standards that tap the power of data to reduce carbon footprints around the world. We look forward to working as a Member of the Forum to co-develop standards and methods and provide our data expertise to achieve progress in the ESG realm, ultimately helping organizations manage their carbon footprints.”
Steve Nunn, President and CEO, The Open Group, added:
“We warmly welcome Data Gumbo to the Open Footprint Forum. With its deep knowledge of the ESG measurement landscape, we’re excited for the contribution it will bring to the Forum as our members work together to create a reference architecture and open source solution for overseeing footprint-related data across industries. The expertise Data Gumbo will provide will also be crucial for aligning with existing sustainability and reporting bodies to deliver better standards adoption across the board.”