Latest news with #carbonmanagement
National Post
a day ago
- Business
- National Post
DevvStream Announces Initial Crypto Treasury Portfolio and Appoints Custodian and Consultant
Article content CALGARY, Alberta — DevvStream Corp. (Nasdaq: DEVS) (' DevvStream ' or the ' Company '), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced the initial composition of its crypto treasury portfolio, along with the appointment of BitGo Trust Company (' BitGo ') as qualified custodian and FRNT Financial Inc as digital treasury consultant. Article content DevvStream is deploying a forward-looking crypto treasury strategy designed to combine institutional-grade liquidity with exposure to programmable sustainability, with real-world asset (' RWA ') tokenization as a core investment thesis. The Company's treasury portfolio will initially include Bitcoin ($BTC), Solana ($SOL), and DevvE ($DEVVE), representing its dual approach to its digital asset strategy. Article content Article content Bitcoin ($BTC): Selected as the foundational asset of the digital economy, providing unparalleled security and market liquidity. Solana ($SOL): Chosen for its exceptional transaction speed and large-scale ecosystem, offering stable yield and deep liquidity for treasury management. DevvE ($DEVVE): A programmable digital asset that combines DeFi innovation and utility with the safety and security that traditional finance requires, enabling the Company's 'impact-layer tokenization' strategy. Article content 'Our treasury model isn't just about holding crypto. It's about aligning capital with our mission,' said Sunny Trinh, CEO of DevvStream. 'Our mix of assets is designed to deliver institutional-grade efficiency and income, while bridging to sustainability tokenization and real-world asset integration. Together, they position DevvStream at the intersection of liquidity, innovation, and impact.' Article content DevvStream expects to continue expanding its digital asset portfolio as part of its broader strategy to fund sustainable infrastructure, tokenize real-world environmental assets, and provide investors with diversified exposure to the emerging digital–environmental economy. Article content About DevvStream Article content Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health. Article content With a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs. Article content Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential' or 'continue', or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the risks set forth in the Company's most recent Form 10-K, 10-Q and other SEC filings which are available through EDGAR at These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Article content These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. 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Globe and Mail
2 days ago
- Business
- Globe and Mail
DevvStream Announces Initial Crypto Treasury Portfolio and Appoints Custodian and Consultant
DevvStream Corp. (Nasdaq: DEVS) (' DevvStream ' or the ' Company '), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced the initial composition of its crypto treasury portfolio, along with the appointment of BitGo Trust Company (' BitGo ') as qualified custodian and FRNT Financial Inc as digital treasury consultant. DevvStream is deploying a forward-looking crypto treasury strategy designed to combine institutional-grade liquidity with exposure to programmable sustainability, with real-world asset (' RWA ') tokenization as a core investment thesis. The Company's treasury portfolio will initially include Bitcoin ($BTC), Solana ($SOL), and DevvE ($DEVVE), representing its dual approach to its digital asset strategy. Bitcoin ($BTC): Selected as the foundational asset of the digital economy, providing unparalleled security and market liquidity. Solana ($SOL): Chosen for its exceptional transaction speed and large-scale ecosystem, offering stable yield and deep liquidity for treasury management. DevvE ($DEVVE): A programmable digital asset that combines DeFi innovation and utility with the safety and security that traditional finance requires, enabling the Company's 'impact-layer tokenization' strategy. 'Our treasury model isn't just about holding crypto. It's about aligning capital with our mission,' said Sunny Trinh, CEO of DevvStream. 'Our mix of assets is designed to deliver institutional-grade efficiency and income, while bridging to sustainability tokenization and real-world asset integration. Together, they position DevvStream at the intersection of liquidity, innovation, and impact.' DevvStream expects to continue expanding its digital asset portfolio as part of its broader strategy to fund sustainable infrastructure, tokenize real-world environmental assets, and provide investors with diversified exposure to the emerging digital–environmental economy. About DevvStream Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. 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 diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs. For more information, please visit Cautionary Note Regarding Forward-Looking Statements Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential' or 'continue', or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the risks set forth in the Company's most recent Form 10-K, 10-Q and other SEC filings which are available through EDGAR at These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
National Post
3 days ago
- Business
- National Post
DevvStream Completes $10M Initial Funding to Launch $300M Asset-Backed Digital Infrastructure and Sustainability Strategy
Article content CALGARY, Alberta — DevvStream Corp. (Nasdaq: DEVS) (' DevvStream ' or the ' Company '), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced that it has entered into a securities purchase agreement for the issuance of up to (US)$300 million in senior secured convertible notes (' Senior Notes '), advancing its strategic initiative to build a blockchain-based treasury and launch a tokenization platform for sustainability-linked infrastructure. Article content The securities purchase agreement provides for the issuance of up to (US)$300 million in Senior Notes with Helena Partners, which issuances will be funded in multiple tranches. An initial funding of (US)$10 million was completed on July 18, 2025. Article content Key Highlights: Article content Under the agreement, DevvStream will allocate 75% of the net proceeds (70% of the initial tranche) toward the purchase of liquid digital assets that offer 24/7 liquidity, serve as non-correlated stores of value, and may be used as collateral for future credit facilities. This program complements DevvStream's core business of developing, acquiring, and monetizing environmental assets in coordination with its objective to expand investor access to tokenized sustainability infrastructure. The Company is also actively exploring the tokenization of its existing environmental asset portfolio and anticipates further announcements as its platform scales. Additionally, the strategy is expected to provide opportunities to generate multiple revenue streams, including staking yields, while reducing reliance on equity financing through crypto-backed credit options. The notes may be converted by the holder into the Company's Common Shares at an initial conversion price equal to 200% of the closing price of the Company's Common Shares on the trading day immediately prior to the closing date, subject to potential downward adjustment as provided for in the notes. Article content 'This $300 million facility allows us to improve capital efficiency, reduce dilution, and bring global investors into the carbon ecosystem through a digital gateway,' Sunny Trinh, CEO of DevvStream, stated. 'The combination of crypto reserves and real-world asset tokenization represents the next evolution of our capital strategy.' Article content Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is serving as placement agent to DevvStream. Article content About DevvStream Article content Founded in 2021, DevvStream is a leading carbon management firm specializing in the development, investment, and sale of environmental assets, energy transition, and innovative carbon management solutions. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health. Article content With a diverse approach to energy transition and carbon markets, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging or renewable energy generation in exchange for a percentage of generated credits or I-RECs. Article content Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as 'may', 'should', 'expect', 'intend', 'will', 'estimate', 'anticipate', 'believe', 'predict', 'potential' or 'continue', or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, tax credits, or shared savings revenue each year, and the market growth and value of these markets, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the risks set forth in the Company's most recent Form 10-K, 10-Q and other SEC filings which are available through EDGAR at These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Article content These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. 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Khaleej Times
12-06-2025
- Business
- Khaleej Times
Driving real impact through carbon management excellence
Dubai-based advisory firm elementsix is a specialist carbon management firm offering turnkey solutions for emissions monitoring, reduction, and disclosure. The homegrown consultancy provides end-to-end solutions for emissions monitoring, reduction, and transparent reporting. Whether it's calculating a carbon footprint or developing a full-fledged ESG strategy, elementsix walks clients through every phase of their decarbonisation journey with clarity, credibility, and commitment. Distinctively, elementsix operates on a low-carbon business model, underpinned by minimal travel, zero paper and plastic usage, and a firm-wide commitment to renewable energy procurement. This ethos not only reflects its environmental stewardship but positions the firm as a preferred green supplier for ESG and carbon advisory services across the region. Moreover, elementsix plays an active role in the global carbon markets, helping clients offset emissions through high-quality environmental commodities. From designing and registering emission reduction projects under leading international standards to brokering Certified Emission Reductions (CERs), Verified Carbon Units (VCUs), and International Renewable Energy Certificates (IRECs), the firm ensures clients can meet their sustainability goals with confidence and integrity. Founded by industry veterans Amer Arafat and Dahlia Haleem, the firm combines regional insight with international best practice, delivering measurable impact through science-based solutions. Their UAE-grown expertise, especially in the region's evolving carbon landscape, is rare and valuable. As signatories to the United Nations Global Compact, elementsix stands at the forefront of the climate transition, walking the talk not just for clients, but in its own operations, driving forward the sustainability agenda with integrity, innovation and technical rigour.
Yahoo
02-06-2025
- Business
- Yahoo
'Supplier Climate Alliance' Fosters Cross-Sector Collaboration - Sino Group Launches the First Partnership Programme with Suppliers to Build a Green Supply Chain
HONG KONG, June 2, 2025 /PRNewswire/ -- Corporate carbon management and climate disclosure have gained significant importance and are recognised as vital steps towards achieving carbon neutrality. The 'Supplier Climate Alliance' (the 'Alliance'), one of the first local initiatives aimed at raising awareness about climate change among suppliers, was officially launched. Through this initiative, Sino Group aims to foster cross-sector collaboration among industry players, academia, and the wider business community to engage climate-conscious suppliers, promote carbon management, encourage the disclosure of greenhouse gas emissions data, and ultimately contribute to a more sustainable supply chain. The 'Supplier Climate Alliance' is an initiative led by Sino Group, with SGS Hong Kong Limited as a 'Strategic Partner' to support the professional verification of carbon data. The Alliance also collaborates with the Centre for Civil Society and Governance of The University of Hong Kong, Ernst & Young, the SME Sustainability Society, and the World Wide Fund for Nature Hong Kong as 'Knowledge Partners' to share their carbon management insights and experiences. Participating suppliers are encouraged to engage in workshops and sign the Carbon Management Pledge as a commitment to decarbonisation. The Alliance recently held a launch ceremony and thematic panel discussion, attended by Mr Arthur Lee, Commissioner for Climate Change at the Environment and Ecology Bureau of the HKSAR Government, Mr Paul Chow, Group General Counsel and Group Chief Sustainability Officer, Hong Kong Exchanges and Clearing Limited, Ms Miranda Kwan, Director of Business Assurance, SGS Hong Kong Limited, Ms Cindy Chow, Chief Financial Officer & Associate Director (Finance) of Sino Group, and over 50 supplier representatives from various sectors. At the launch ceremony of the Supplier Climate Alliance, Mr Arthur Lee, Commissioner for Climate Change at the Environment and Ecology Bureau of the HKSAR Government, remarked, 'The Hong Kong SAR Government is actively developing a sustainability disclosure ecosystem with the aim of realising the vision of carbon neutrality by 2050 and meeting the national "3060 Dual Carbon Targets". Green transformation at an early stage will enable businesses to contribute to society and gain a competitive edge in the future low-carbon economy. I hope to see more suppliers joining the cause of carbon reduction and embarking on the green transformation of Hong Kong with us, so as to build a low-carbon future for our next generation.' Ms Cindy Chow, Chief Financial Officer & Associate Director (Finance) of Sino Group, said, 'Climate change is a significant global issue. We firmly believe that, in addition to enhancing our own climate resilience, we must collaborate with one another. We are delighted to launch the "Supplier Climate Alliance" with the support of various sectors, combining everyone's expertise and efforts to promote a sustainable supply chain in Hong Kong. We would also like to express our heartfelt gratitude to the Environment and Ecology Bureau and Hong Kong Exchanges and Clearing Limited for their ongoing leadership and support in promoting sustainable development for local businesses. We look forward to implementing more carbon reduction measures and actions by connecting with like-minded partners and working together to build a sustainable city.' The Alliance will provide regular learning experiences, including knowledge exchange and professional training, aimed at helping suppliers and their employees with essential knowledge about greenhouse gas emissions data collection while seeking to inspire them to strengthen their carbon management and implement best practices. Additionally, the Alliance will host various experiential activities to raise participants' awareness about carbon reduction, including 'Farm Together' workshops, snorkelling experiences with understanding coral restoration at Ocean Park, and visits to Sino Inno Lab and The Spark. Approximately 40 suppliers have joined the Alliance, with more than half committing to the Carbon Management Pledge in alignment with Sino Group's 'Sustainability Vision 2030' and the reduction targets for Scope 3 greenhouse gas emissions while enhancing climate-related information disclosure and carbon management reporting. Ms Miranda Kwan, Director of Business Assurance, SGS Hong Kong Limited, remarked, 'SGS is delighted to be part of the Supplier Climate Alliance, supporting the professional verification of carbon data in Sino Group's supply chain. We are also grateful to witness Sino Group be among the first batch of local developers to receive the ISO 20400:2017 Sustainable Procurement – Guidance, incorporating sustainability principles into supply chain management.' Sino Group is dedicated to integrating sustainable development into all aspects of its business and operations, encouraging colleagues, tenants, and residents to embrace sustainability together. The recently held 'Sino Sustainability Month' featured ten diverse tours, seminars, and experiential activities, attracting over 200 employees to participate. Programmes included discussions on ESG trends, 'Farm Together' workshops, snorkelling experiences, visits to the EcoBricks factory, food waste upcycling workshops, and more. These activities aimed to inspire participants to adopt a sustainability-focused mindset and integrate sustainable practices into their daily lives. View original content to download multimedia: SOURCE Sino Group Sign in to access your portfolio
