Validere formed a strategic partnership with Xpansiv, the global marketplace for Intelligent Commodities™, enabling the registration and transaction of digitized commodity products with embedded environmental, social and governance (ESG) attributes that support integration of ESG data into commodity markets.
In a Jan. 11 release, Validere—the first and only data-intelligence platform for oil and gas product quality—said the partnership gives its customers a simple path to market for new, ESG-inclusive commodity assets to meet rising demand for verifiable ESG performance.
Headquartered in Calgary, Alberta, Validere connects, tracks and audits oil-and-gas data, enabling its customers to optimize operational, marketing and supply decisions. The company’s current scale includes data on more than 4.8 million barrels of crude oil production daily, with comparable gas production across the commodity supply chain. Validere also has offices in Toronto and Houston.
“Validere is proud to partner with Xpansiv to provide another pathway to value creation for our customers,” said Validere CEO Nouman Ahmad in a statement on Jan. 11. “The initiative supports our defining belief that accurate, accessible product-quality data can be used to create multiple forms of value.”
Xpansiv pioneered the concept of ESG-inclusive commodities with its Digital Feedstock™ registry, coupled with its spot exchange CBL, to create a direct path for companies to transact alongside traditional environmental commodities—like carbon and renewable energy—in an open, transparent, liquid market. Integrations with trusted partners like Validere provide the necessary scale for a host of ESG-inclusive products enabled by Digital Crude Oil™ (DCO), Digital Natural Gas™ (DNG), Digital Aviation Fuel™ (DAF), and Digital Hydrogen™ (DH2).
“We’re committed to the integration of ESG data into global commodity markets, which requires integrity, scale and interoperability,” said Xpansiv CEO Joe Madden in a statement. “The partnership with Validere supports all three.”
Under the partnership, clients of Validere and Xpansiv will be able to attach a suite of attributes—including ESG attributes calculated and verified by independent certification bodies—to the molecules that Validere tracks throughout the energy supply chain.
“Our relationship with Xpansiv reduces friction for our clients seeking to differentiate their products based on ESG factors, including methane emissions,” Ahmad added. “Better information empowers intelligent choices—that is our commitment to our customers.”