DevvStream Awarded World Finance Innovation Award for 2023
December 06 2023 - 6:30AM
DevvStream Holdings Inc. (“
DevvStream” or the
“
Company”) (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0),
a leading carbon credit project co-development and generation firm
specializing in technology-based solutions, today announced it has
been named 2023’s Most Innovative Company in the Carbon Offset
Industry by World Finance. The World Finance Innovation Awards
recognize industry leaders who are disrupting systems of
production, management, and governance and are creating a new
tomorrow.
“We are honored to be recognized as the most
innovative company in the carbon offset industry this year,” said
Sunny Trinh, CEO, DevvStream. “Innovation sits at the heart of
everything we do at DevvStream and is a critical driver of our
mission to democratize and expand access to carbon markets by
reducing barriers to entry for businesses and municipalities of all
sizes. We believe that the technologies necessary to address global
climate change exist today, but their advancement and
implementation depend on high-integrity carbon credits like those
that DevvStream provides.”
DevvStream seeks to partner with governments and
corporations worldwide to achieve their sustainability goals
through the implementation of curated green technology projects
that are designed to improve energy efficiency and eliminate,
reduce or sequester carbon emissions through the use of carbon
credits. DevvStream’s Carbon Management and Carbon Investment
programs leverage a systematic approach to the process of
generating carbon credits by partnering with project owners to
either invest directly as a co-developer or execute project design,
documentation, and certification efforts and associated costs in
exchange for a substantial portion of multi-year carbon credit
streams.
All carbon removal projects within DevvStream’s
project portfolio are managed under the Company’s blockchain-based
Carbon Offset Program Platform (“COPP”), which provides
unparalleled transparency and accessibility with regard to project
participants, data, methodologies, and more. Further, DevvStream’s
approach has been developed in alignment with the Core Carbon
Principles and Assessment Framework recently introduced by the
Integrity Council for the Voluntary Carbon Market. DevvStream
understands that reliability, credibility, and transparency are of
paramount importance for the sustained success of technology-based
carbon removal projects.
To learn more about DevvStream and its
initiatives, please visit https://www.devvstream.com/. To view the
full list of winners, please visit World Finance Innovation
Awards here.
About World Finance
World News Media, the parent company of World Finance, is a
leading publisher of quality financial and business magazines,
which enjoys a global distribution network that includes subscriber
lists of prominent decision-makers around the world.
About DevvStream
Founded in 2021, DevvStream is a leading authority in the use of
technology in carbon project development. The Company’s mission is
to create alignment between sustainability and profitability,
helping organizations achieve their climate initiatives while
directly improving their financial health. With a pipeline of over
140 technology-based projects worldwide, DevvStream makes it simple
for corporations and governments to address their net-zero goals
while generating premium carbon credits in the process. The
Company’s end-to-end proprietary solution removes the risk and
complexity from every step, allowing organizations to move from
project ideation to credit monetization with ease. The result is a
multi-year stream of carbon credit revenue that transforms
sustainability into a financial investment. In addition, for
organizations that need help to offset their most
difficult-to-reduce emissions, we also provide premium carbon
credits for purchase.
On September 13, 2023, DevvStream and Focus Impact Acquisition
Corp. (Nasdaq: FIAC) announced that they have entered into a
definitive Business Combination Agreement for a business
combination that would result in the combined Company (DevvStream)
to be listed on the Nasdaq Stock Market under the ticker symbol
“DEVS”.
Disclaimer
This news release contains forward-looking statements, including
statements that are not historical facts. All statements other than
statements of historical fact included in this release are
forward-looking statements, including statements relating to the
implementation of decarbonization projects and the carbon credits
expected to be generated in connection therewith. The reader is
cautioned that assumptions used in the preparation of any
forward-looking information may prove to be incorrect. Events or
circumstances may cause actual results to differ materially from
those predicted, as a result of numerous known and unknown risks,
uncertainties, and other factors, many of which are beyond the
control of the Company, and which are described in the Company's
public filings available under its profile at www.sedarplus.ca. The
reader is cautioned not to place undue reliance on any
forward-looking information. Forward-looking statements contained
in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news
release are made as of the date of this news release and the
Company does not intend to update any of the included
forward-looking statements except as required by Canadian
securities laws.
On Behalf of the Board of Directors,
Sunny Trinh, CEO
DevvStream Media Contacts
DevvStream@icrinc.com and info@fcir.ca
Phone: (332) 242-4316
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