We are proud to announce that Smart Tradzt has been selected as one of the winners of the Climate Finance Innovation Lab (CFIL) accelerator program for our groundbreaking solution — “New Frontier: Building & Real Estate Decarbonization (Embodied & Operational Carbon Reduction)” 🏢⚡
Our solution provides innovative, data-driven tools to reduce both operational and embodied carbon in new and existing buildings. It integrates whole-building life cycle assessments, green procurement of low-carbon materials, and circularity practices like reusing salvaged and recycled materials. Through energy efficiency evaluations and granular embodied carbon data, Smart Tradzt helps establish new benchmarks for whole-life carbon, developing bankable data, empowering financial institutions for sustainability-linked loans and green financing instruments for more climate-resilient, low-carbon developments.
Ecosystem Collaboration is facilitated through the platform to enable more impactful embodied carbon reduction, bridging the construction / real estate industry and building material industry. Product Carbon Footprint (PCF) & Environmental Product Declaration (EPD) for key materials (e.g. steel, concrete) is supported, and innovative business models to be explored through the potential use of concepts such as Carbon Insetting, Book and Claim to drive decarbonization e.g. for the steel industry.
To deliver granular, traceable and trusted data, Digital Product Passport will be used where various capabilities such as Chain of Custody, Data Provenance Tagging will be applied.🌍
The CFIL, a flagship initiative under the Joint Committee on Climate Change (JC3) (Bank Negara Malaysia and Security Commission), spearheaded by Bank Pembangunan Malaysia Berhad and supported by UNDP , accelerates climate finance innovation by fostering partnerships, designing financing instruments, and strengthening capacity across stakeholders.
We are excited to collaborate with CFIL and its partners to advance climate finance innovation and scale up decarbonization in the built environment across Malaysia and beyond.
