Empowering Climate Action and Transparent Reporting: WinCL and the HBAR Foundation Launch New GHG Accounting Solution on Hedera

In a move towards better climate accountability, The HBAR Foundation has issued a grant to WinCL to elevate carbon transparency and greenhouse gas (GHG) accounting standards for small and medium-sized enterprises (SMEs) to large enterprises across South Korea. Built on Hedera’s Guardian platform, WinCL’s new solution promises streamlined emissions tracking, reporting, and carbon offsetting capabilities, empowering businesses in Korea to meet stringent climate standards. This collaboration arrives at a pivotal time for Korean enterprises, as those with value chain ties to the European Union (EU) will need to navigate new regulatory requirements like the Corporate Sustainability Reporting Directive (CSRD). These companies must ensure comprehensive emissions data, particularly as they seek access to the European market where robust ESG reporting is increasingly critical.‍

Leading the Way with Digitized GHG Accounting Methodologies

At the heart of this initiative is a groundbreaking shift toward digital GHG accounting methodologies, bringing transparency and precision to carbon tracking. This solution comes as Korea accelerates its commitments under frameworks such as the Carbon Neutrality Act, the country’s ambitious emissions targets under the Paris Agreement, and a recently extended emissions trading system (K-ETS), which now covers 73.5% of Korea’s GHG emissions, making it one of the world’s largest emissions trading markets​.

By digitizing GHG methodologies, WinCL’s platform offers standardized, transparent reporting options that align with both domestic and international requirements. Korean companies, especially those with operations that connect to global markets, will benefit from tools that allow them to adopt internationally recognized standards, including those required by the CSRD. In the Korean market, where strong regulations and voluntary reporting are already reshaping corporate transparency, WinCL is prepared to help companies meet these demands with reliable, auditable reporting frameworks.

Alongside these developments, The HBAR Foundation and WinCL are excited to expand technical content and resources to support the Korean market’s continued growth in emissions reporting and disclosures, particularly as the nation pursues its carbon neutrality goals. By providing accessible frameworks for carbon reporting, this partnership is empowering Korea to demonstrate the real-world impact of blockchain technology on environmental accountability and compliance.‍

Supporting Korean SMEs in the Climate Journey

SMEs across South Korea play an essential role in achieving national climate goals. Many of these enterprises are eager to reduce emissions but may lack the resources or expertise to effectively manage carbon tracking and reporting. WinCL’s platform addresses these challenges with tailored tools, including the WinCL Corporate Explorer for aggregating ESG data and WinCL Monitoring for tracking emissions across Scopes 1, 2, and 3. These tools simplify emissions reporting, allowing Korean SMEs to demonstrate transparency, participate more fully in voluntary carbon markets, and respond to global ESG requirements.‍

Scaling Impact Through South Korea’s Voluntary Carbon Market

This partnership between the HBAR Foundation and WinCL aims to expand Korea’s voluntary carbon market by creating an accessible, verified path for carbon offset transactions from Hedera based markets. As Korea strengthens its climate policy through measures like the 2021 Carbon Neutrality Act and expanded emissions trading, WinCL’s Hedera-powered platform enables companies to meet both voluntary and regulatory reporting standards. The platform’s capabilities for tracking, minting, accounting for emissions, in addition to offsetting help ensure that Korean enterprises meet national and international expectations for carbon accountability.

“The HBAR Foundation is proud to collaborate with WinCL to develop scalable, digital solutions addressing the need for reliable emissions tracking and high integrity carbon offsetting,” shared Alice Kim, Director of Fintech & Payments at The HBAR Foundation. “Together, we’re setting a new standard for climate accountability, empowering businesses to credibly measure and report their environmental impact.”‍

Enabling a Transparent, Sustainable Future

Through WinCL’s platform leveraging the Hedera’s Guardian, Korean businesses are now equipped with powerful tools to make measurable impacts on their climate reporting and carbon management efforts. This partnership exemplifies how distributed ledger technology (DLT) can drive transparency, enhance emissions tracking, and help businesses of all sizes embrace sustainability.

With WinCL and the HBAR Foundation’s forward-thinking approach, Korean companies can look to the future of carbon accountability and confidently engage in a sustainable, transparent economy. As companies adopt these digital tools, Korea is well-positioned to lead by example on the global stage in ESG reporting and climate innovation.‍

About WinCL

Headquartered in Seoul, South Korea, WinCL was founded in 2022 under the mission to help companies manage carbon emissions in response to global carbon regulations and policies. Based on 25+ years of experience and expertise in enterprises and the carbon market, WinCL provides the only integrated carbon management platform in South Korea that allows enterprises to calculate their emissions and purchase various carbon credits certified by global certification bodies such as Verra and Gold Standard. WinCL’s new solution built on Hedera’s Guardian is expected to further advance the Korean companies’ carbon management by providing enhanced emissions tracking, reporting, and carbon offset abilities.‍

About HBAR Foundation

The HBAR Foundation supports the creation of Distributed Ledger Technology (DLT) applications on the Hedera network, empowering and funding builders to develop real-world applications, solve real-world problems, and drive real-world value. 

The Foundation’s Sustainable Impact Fund (SIF) empowers teams in climate finance to develop Digital Measurement, Reporting, and Verification (DMRV) in the Hedera Guardian ecosystem. Collectively, through one shared vision, the SIF and Guardian ecosystem are actively bringing the balance sheet of the planet to the public ledger, helping develop a sustainable and equitable future for all.

For additional information on the Hedera Guardian, please visit: https://github.com/hashgraph/guardian.