Sylvera: Difference between revisions

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Sylvera claims to be "the leading carbon credit ratings company."<ref>https://www.ieta.org/resources/COP27/COP27%20IETA%20BusinessHUB%20Program%20Guide_F.pdf</ref> It was founded by a machine learning entrepreneur and uses proprietary machine learning algorithms along with satellite surveillance as the basis of its carbon credit rating system.
Sylvera claims to be "the leading carbon credit ratings company."<ref>https://www.ieta.org/resources/COP27/COP27%20IETA%20BusinessHUB%20Program%20Guide_F.pdf</ref> It was founded by a machine learning entrepreneur and uses proprietary machine learning algorithms along with satellite surveillance as the basis of its carbon credit rating system.


Sylvera has a particularly close partnership with [[Bain & Company]], as both a major investor and close collaborator.<ref>https://www.bain.com/about/media-center/press-releases/2022/bain--company-joins-forces-with-sylvera-to-accelerate-growth-of-the-voluntary-carbon-market-and-provide-unparalleled-transparency-on-carbon-credit-quality-to-businesses-and-investors/</ref>
= Customers =
 
Sylvera's customers include [[Cargill]], [[Delta Airlines]]<ref>https://techcrunch.com/2022/01/25/sylvera-series-a/</ref>, [[Shell Oil]]<ref>https://www.axios.com/2022/01/26/sylvera-carbon-offsets-index-ventures-insight-partners</ref>, [[Equinor]], and [[Chevron]].
 
Athough Sylvera claims to have no conflicts of interest because it doesn't sell credits<ref>https://www.sylvera.com/blog/series-a-announcement</ref>, its major customers are top polluters who ARE highly invested in Sylvera's ratings of their credits' legitimacy, which (where favorable) can be used to deny [[greenwashing]] charges.
 
Along with these major polluters, Sylvera is a member of the [[International Emissions Trading Association|IETA]]. It was first part of the IETA hub panel discussion at COP26 with [[Verra]], [[Delta Airlines]], [[Mercuria]], and [[Cargill]] <ref>https://verra.org/verra-at-cop26-in-glasgow-scotland/</ref> At COP27, Sylvera hosted its own panel as part of the IETA Business Hub (main sponsors that year included [[Chevron]], [[Verra]], [[Total Energies]],, [[Bain & Company]], and the [[US Chamber of Commerce]]).<ref>https://www.ieta.org/resources/COP27/COP27%20IETA%20BusinessHUB%20Program%20Guide_F.pdf</ref>


Customers include [[Cargill]], [[Delta Airlines]]<ref>https://techcrunch.com/2022/01/25/sylvera-series-a/</ref>, [[Shell Oil]]<ref>https://www.axios.com/2022/01/26/sylvera-carbon-offsets-index-ventures-insight-partners</ref>, [[Equinor]], and [[Chevron]].
Sylvera has worked closely with the [[World Bank]] and [[World Economic Forum]]<ref>https://pitch.com/presentations/Sylvera-Pitch-Deck-5pN1bC3nzvUj5ZVeRU0Qgyz3?slide=c2a6587c-3ae2-4a3a-8205-ffebc8da5663</ref>. In November of 2021, Sylvera was selected as "a top innovator in the @WEFUpLink World Economic Forum Carbon Market challenge", leading to a "year-long programme of engagement" with the WEF.<ref>https://twitter.com/SylveraCarbon/status/1455560081060384777</ref> One year later, they proclaimed together that "new technology" such as Sylvera's meant that most of the concerns with carbon offsetting "have now been addressed." <ref>https://www.weforum.org/agenda/2022/11/carbon-offsetting-rainforest-sylvera/</ref>


[[Salesforce]] is a major investor in Sylvera, and its upcoming "net zero marketplace" for carbon credits was announced to use Sylvera's ratings system.<ref>https://www.southpole.com/de/news/salesforce-announces-first-of-its-kind-carbon-credit-marketplace</ref>  
Sylvera has published reports to minimizing accusations of carbon credit fraud<ref>https://www.bloomberg.com/news/articles/2022-11-03/carbon-credit-fraud-assumptions-are-challenged-in-new-study</ref> and led an industry-wide effort to refute mounting evidence of widespread greenwashing in early 2023 with the publication of an open letter endorsed by (among many others) the IETA, REDD+ Business Initiative, and [[Toucan Protocol]].<ref>https://reddplusbusiness.com/wp-content/uploads/2023/01/VCM_Stakeholder_Open_Letter_Final-2.pdf</ref>


Sylvera is a member of the [[International Emissions Trading Association|IETA]], part of the IETA hub panel discussion at COP26 with [[Verra]], [[Delta Airlines]], [[Mercuria]], and [[Cargill]] <ref>https://verra.org/verra-at-cop26-in-glasgow-scotland/</ref> At COP27, hosted its own panel as part of the IETA Business Hub (main sponsors included [[Chevron]], [[Verra]], [[Total Energies]],, [[Bain & Company]], and the [[US Chamber of Commerce]]).<ref>https://www.ieta.org/resources/COP27/COP27%20IETA%20BusinessHUB%20Program%20Guide_F.pdf</ref>
= Investors =


Has worked closely with the [[World Bank]] and [[World Economic Forum]]<ref>https://pitch.com/presentations/Sylvera-Pitch-Deck-5pN1bC3nzvUj5ZVeRU0Qgyz3?slide=c2a6587c-3ae2-4a3a-8205-ffebc8da5663</ref>. In November of 2021, Sylvera was selected as "a top innovator in the @WEFUpLink World Economic Forum Carbon Market challenge", leading to a "year-long programme of engagement" with the WEF.<ref>https://twitter.com/SylveraCarbon/status/1455560081060384777</ref> One year later, they proclaimed together that "new technology" such as Sylvera's meant that most of the concerns with carbon offsetting "have now been addressed." <ref>https://www.weforum.org/agenda/2022/11/carbon-offsetting-rainforest-sylvera/</ref>
Sylvera has a particularly close partnership with [[Bain & Company]], as both a major investor and close collaborator.<ref>https://www.bain.com/about/media-center/press-releases/2022/bain--company-joins-forces-with-sylvera-to-accelerate-growth-of-the-voluntary-carbon-market-and-provide-unparalleled-transparency-on-carbon-credit-quality-to-businesses-and-investors/</ref>


Claims to have no conflict of interest because it doesn't sell credits<ref>https://www.sylvera.com/blog/series-a-announcement</ref>, yet its major customers are polluters like shell + delta who ARE highly invested in Sylvera's ratings of their credits' legitimacy to deny [[greenwashing]] charges
[[Salesforce]] is also a major investor in Sylvera, and its upcoming "net zero marketplace" for carbon credits was announced to use Sylvera's ratings system.<ref>https://www.southpole.com/de/news/salesforce-announces-first-of-its-kind-carbon-credit-marketplace</ref>  


Sylvera publishes reports to downplay evidence of carbon credit fraud<ref>https://www.bloomberg.com/news/articles/2022-11-03/carbon-credit-fraud-assumptions-are-challenged-in-new-study</ref> and led an industry-wide effort to refute mounting evidence of widespread greenwashing in early 2023 with the publication of an open letter endorsed by (among many others) the IETA, REDD+ Business Initiative, and [[Toucan Protocol]].<ref>https://reddplusbusiness.com/wp-content/uploads/2023/01/VCM_Stakeholder_Open_Letter_Final-2.pdf</ref>
= Sources =

Revision as of 09:22, 24 February 2023

Sylvera claims to be "the leading carbon credit ratings company."[1] It was founded by a machine learning entrepreneur and uses proprietary machine learning algorithms along with satellite surveillance as the basis of its carbon credit rating system.

Customers

Sylvera's customers include Cargill, Delta Airlines[2], Shell Oil[3], Equinor, and Chevron.

Athough Sylvera claims to have no conflicts of interest because it doesn't sell credits[4], its major customers are top polluters who ARE highly invested in Sylvera's ratings of their credits' legitimacy, which (where favorable) can be used to deny greenwashing charges.

Along with these major polluters, Sylvera is a member of the IETA. It was first part of the IETA hub panel discussion at COP26 with Verra, Delta Airlines, Mercuria, and Cargill [5] At COP27, Sylvera hosted its own panel as part of the IETA Business Hub (main sponsors that year included Chevron, Verra, Total Energies,, Bain & Company, and the US Chamber of Commerce).[6]

Sylvera has worked closely with the World Bank and World Economic Forum[7]. In November of 2021, Sylvera was selected as "a top innovator in the @WEFUpLink World Economic Forum Carbon Market challenge", leading to a "year-long programme of engagement" with the WEF.[8] One year later, they proclaimed together that "new technology" such as Sylvera's meant that most of the concerns with carbon offsetting "have now been addressed." [9]

Sylvera has published reports to minimizing accusations of carbon credit fraud[10] and led an industry-wide effort to refute mounting evidence of widespread greenwashing in early 2023 with the publication of an open letter endorsed by (among many others) the IETA, REDD+ Business Initiative, and Toucan Protocol.[11]

Investors

Sylvera has a particularly close partnership with Bain & Company, as both a major investor and close collaborator.[12]

Salesforce is also a major investor in Sylvera, and its upcoming "net zero marketplace" for carbon credits was announced to use Sylvera's ratings system.[13]

Sources

  1. ↑ https://www.ieta.org/resources/COP27/COP27%20IETA%20BusinessHUB%20Program%20Guide_F.pdf
  2. ↑ https://techcrunch.com/2022/01/25/sylvera-series-a/
  3. ↑ https://www.axios.com/2022/01/26/sylvera-carbon-offsets-index-ventures-insight-partners
  4. ↑ https://www.sylvera.com/blog/series-a-announcement
  5. ↑ https://verra.org/verra-at-cop26-in-glasgow-scotland/
  6. ↑ https://www.ieta.org/resources/COP27/COP27%20IETA%20BusinessHUB%20Program%20Guide_F.pdf
  7. ↑ https://pitch.com/presentations/Sylvera-Pitch-Deck-5pN1bC3nzvUj5ZVeRU0Qgyz3?slide=c2a6587c-3ae2-4a3a-8205-ffebc8da5663
  8. ↑ https://twitter.com/SylveraCarbon/status/1455560081060384777
  9. ↑ https://www.weforum.org/agenda/2022/11/carbon-offsetting-rainforest-sylvera/
  10. ↑ https://www.bloomberg.com/news/articles/2022-11-03/carbon-credit-fraud-assumptions-are-challenged-in-new-study
  11. ↑ https://reddplusbusiness.com/wp-content/uploads/2023/01/VCM_Stakeholder_Open_Letter_Final-2.pdf
  12. ↑ https://www.bain.com/about/media-center/press-releases/2022/bain--company-joins-forces-with-sylvera-to-accelerate-growth-of-the-voluntary-carbon-market-and-provide-unparalleled-transparency-on-carbon-credit-quality-to-businesses-and-investors/
  13. ↑ https://www.southpole.com/de/news/salesforce-announces-first-of-its-kind-carbon-credit-marketplace
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