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Dave Note=E2=80=99s
Kyle - Sr Advisor for BCGov
Use Hyperledger anon cred
Find data that can be turned into a= schema
Regulations for the BC gov GHG init= iative
Looking for governance for schemas = like TCFD
Create, make public, simple data fo= rmats and models.
Not just GHG but broader ESG standa= rds.
Driver is from a government regulatory perspective
Verifier is the Clima= te Action Secretariat
Wants to create a better pipe to th= e gov instead of a word or PDF file.
Data gets bed back to= the provenances and can have separate regulations than federal
Regulations
3rd party verification of ghg claim= s are required for companies that emit more than 25,000 metric tons<= /p>
If they emit between 10,000 - 25,00= 0 they need to self report
If they are under 10k they don=E2= =80=99t have to do anything
What is the bare minimum to make th= e pdf overlay regulations
Getting into the supp= ly chain when the emissions come from
What are all the data sources who n= eed to approve and signed
There are provincial and federal sp= ecific regulations that are unique.
There are presumptions of liability= tied to those statements / claims which the assurers like PWC write but th= ey include language that limits their responsibility tied to the claims.
Kyle wants to grow the ecosystem.
Education is the best= way to do that
Create governance doc= s to credential formats and processes
Help them get a wallet from hyperle= dger aries or northern block
They want to become the center of e= xcellence to point people in the right place.
Need a business license credential = as well to set the organizational identity in place.
But more importantly we need to focus on the verifier.
The gov is a verifier, = PWC is also a verifier, the verification of a claim
This will lead the way to trust reg= istries
There needs to be an = accreditation of 3rd party auditors
There is an ISO certi= fication of some sort to become one
I am attesting to the= validation of the organization
Ecosystem Growth
ESG investors, Gov, E= nterprise
Modeling this after t= he EU Batter Passport and Alliance
Source minerals - copper - then hav= e relevance for the London Stock Exchange then uses this data to make attri= bute claims for a premium price on the product
What data standard do= they want - GRI, SASB, TCFD etc.
The ultimate question is what is th= e data and what format do you need it in.
Neil talked about overlapping value from his work on Semantic Tran= sformation
The ability to translate data sets = into these different formats.
Overlay Capture mecha= nisms
Data Modeling
Chain of Operations, = who signed off
How is this tied to g= overnance
Is this data true?
How do we want to get to an MVP / Minimum Viable Governance=
Data Schemas and Formats - similar = to something in academic research info
Trying to leverage a governance wor= k that can crack the layer of tech for the verification
Minimum Viable Governance
Governance Docs around schemas &= ;Credentials tied to the existing schemas on the market.
IOT sensor data is another consideration
How do we governance = around that
User certification pr= ocess
Separate Credential f= or the data & IOT device
Neil=E2=80=99s Notes
**Kyle Robinson** - senior advisor for BC gov env - GHG reporting - usin= g hyperledger indi and anoncreds - what are the international standards for= recording. BC has their own reporting process, including credentials (or i= s this actual data). Has created schemas for the "credentials". Adheres to = standards bodies. How to interface with standards bodies for interoperabili= ty.
=E2=80=8BEven simple data formats and models adhere to GHG standards rep= ortinging.
Applies to environmental, but also to ESG (which is beyond technical).= p>
Provincial agencies feed to a Federal agency, which reports back.
3rd party (e.g., PWC) verifiers - using a word doc template - PDF it, an= d then sign it. which provides proof of their emmisions.
What is the bare minimum process, including mailing PDF forms. &nbs= p;
Where does PWC get data -- from the company - which has data collected i= nternally and from many providers, plus estimates, etc. Not close to that l= evel of detail
Only looking at top level only - emission reports.
How would all data sources be approved and signed. Trust chain.
In addition to regulatory, there is also voluntary reporting. Example - = ESG report - are the numbers in the report "true".
What is proved or not - a PDF can be changed in a minute.
BCGov looking at regulation - comparing them to the stuff on the ESG Rep= orting Schemas on the slide dec.
Need a 3rd party assurance organization to provide the report.
Lots of overlap in collection, assurance, etc.
Raw data are they same, the processing and result reports are different = (if only packaged differently).
Regulations @ prov and fed - they are different - what does and doesn't = need to be reporting and which standards to report to.
Over 25,000 metric tons of emissions must use a 3rd party assured report= . Below that they need to do self-reporting to the government - what preven= ts inaccurate reporting.
Self reporting from 10,000 to 25,000
No reporting under 10,000
Frequently issues in data and reporting numbers between a company and 3r= d party assurance organization. This means the certified data set ("credent= ial") may change - that's an immutability problem. How to republish the dat= a.
Trying to grow the ecosystem - writing governance (e.g., about credentia= ls schemas/formats). Education
POC level - not production - looking for center of excellence for compan= ies looking to comply within BC.
Using Indy Ledgers - public/private key
VCs written to the ledger
Not writing "it" to a block chain
Emphasizing focus on the verifier (confusing the term verifier vs. the r= elying party)
Verifier is overloaded - Assurer is a verifier and also an SSI actor.
Trust registries a topic - a 3rd party need gov't accreditation. Busines= s license.
Data and processing needs to be "verifiable".
Signing a report includes assuming liability for the veracity of the inf= ormation in that report.
PWC - This is verified to a reasonable level
What are you really trying to verify.
Are there organizations actually asking to verify the information. In EU= Battery alliance as a model - want to be a source metal/mineral that contr= ibutes to that level. London Metals exchange - what data do they want and i= n what form. What is key to get into that market
How are they investors (London Meta Exchange) - they broker importation = of metals into the EU - they are a gate keeper.
Who are investors -> who are the interested parties vs. who is puttin= g up funding for development.
**Steve Magennis** - type of data, types of trust (different for industr= ial vs. personal data)
**David Hoffman** - legacy IT - health space - governance of emmisions f= rom health processes - integral to many reporting mechanisms as part of dif= ferent industries - air, water, waste - for environmental impact. Dozens of= different schemas for capture of polution/ecology data.
Mandatory disclosure requirements
There are typically single organizations
Overlapping regulation - the Government drives what organizations must d= o.
**Eric Drury** - carbon trading, environmental - guide how this informat= ion is captured and published (reporting). Reporting requirements escalatin= g. Supply chain is also part of this (emmissions along the chain).
Industries looking for a solution to supply chain reporting.
Link to the overview](https://docs.google.com/presentation/d/1iFs4J= D7kv3omKobKXcHMOYCdp_3xkrVx4oUQ5rnmA3c/edit#slide=3Did.p)
KPMG and other consultants are on the compliance requirements - are you = responsible for these emissions
Direct, indirect, electricity, supply chain (90% of emissions in the sup= ply chain)
Who is helping out industry to do this - a work in progress - EY, KPMG -= materiality assessment
Lots of capacity and tools to solve this. Increase in SW companies to ad= dress
From Kyle:
Regulatory reporting info: https://www2.gov.bc.ca/gov/content/environment/climate-change= /industry/reporting
The Word doc for third-party assurance: https://ww= w2.gov.bc.ca/assets/gov/environment/climate-change/ind/templates/emission_r= eport_verification_statement.docx
Our draft governance for the Verification Statement - this a level of go= vernance: https://github.com/bcgov/bc-vcpedia/blob/main/credentials/cr= edential-bc-ghg-emissions-verification.md
Steve Magennis - Am I convinced that the party who issued the credential= now in front of me:
=E2=80=8BHas not changed their intent since making the claims they made = (revocation or intentional changes to the original issuance)
new term - MVG - Minimum Viable Governance
Who wants to pick.
=E2=80=8BCHAT