Building on the success of the Sandbox’s first pilot, the FCA and The City of London Corporation, supported by Innovate Finance, are running a second phase of the Digital Sandbox to support the testing and development of new products and services that will aid the transition to a net zero economy.
- The purpose of this sustainability cohort is to accelerate innovation and to address the specific market challenges set out below:
- How can technology enable transparency in disclosure and reporting on sustainability, especially on the characteristics of corporate assets and the profile of their supply chains? (eg open source and eco-friendly decentralised ledgers, centralised platforms)
- How can technology be used to automate the assurance of a listed issuer’s ESG data and validation of its ESG-labelled corporate bond issuance? (eg Internet of things, decentralised ledgers, centralised platforms, satellite imaging, artificial intelligence)
- How can technology help consumers understand the ESG characteristics of the products and providers they engage with, as well as provide visibility around alternatives aligned with their needs and preferences?