CDIOXIDE

CDIOXIDE – Enabling Acting Responsible By 2050, MENA will become ‘UNINHABITABLE’. A shocking statement, but it is based on facts. MENA is warming at twice the global average and if we did not do anything about it, by 2050, the region could be as much as 4-degrees Celsius warmer and thus becoming an uninhabitable land. That is why we need to act now and that is why CDIOXIDE is created. CDIOXIDE is an Egyptian start-up of a team with the passion for having a sustainable environment and economy in the MENA region. We believe to have a real impact; we need to start with the financial ecosystem. Real challenge facing MENA financial Institutions, is calculating own financing emissions, since the measuring portfolio/ financing emissions depends on others disclosing their emissions. In a region where less than 20% of listed companies disclose their emissions. That is why we developed Automated Footprint Estimation Machine “AFEM”. AFEM is a feature that estimate borrower/ investee Scope 1 emissions (S1) & Scope 2 emissions (S2) using PCAF approved metric of 'emission factors for the sector per unit of revenue'. This is based on collected and analyzed data for more than 1,000 companies that have already disclosed own emissions in the developing and frontier market. So, all is needed from the borrower/ investee is sector and revenue. There is also an option where emissions are calculated using primary physical activity data of the company’s energy consumption and emission factors specific to that primary data. In that case, the bank or borrower/ investee enter key required data and the platform will automatically calculate S1 and S2. Furthermore, financial institutions will be able to perform carbon trading in existing projects and finance new local project developers through the platform. We will be responsible in sourcing and managing the registry process of the projects. That is how we plan to help New Projects in their certification process and sell their carbon credits on their behalf, as part of our journey in building the ecosystem. In other words, CDIOXIDE will help project developers in certifying and selling carbon credits from A to Z. That includes preparing the required carbon project documentation, completing a baseline study, developing a Monitoring and Verification Plan, and developing a Project Idea Note and Project Design Document. To ensure CDIOXIDE credibility and providing quality carbon offsets, we will be responsible for the validation and verification of the emission reductions by independent third parties. CDIOXIDE was selected as one of the finalists in the Net Zero Challenge, only finalist from MEA region, managed by Responsible Finance and Investment Foundation (“RFI”), partnering with HSBC. CDIOXIDE is the one place needed for your Carbon Emissions Management; Measure, Analyze, Forecast, Report & ACT.