The world is rapidly running out of time to act on climate change. The recent landmark report from the UN’s Intergovernmental Panel on Climate Change (IPCC) highlighted that the vital aim of keeping global temperatures to 1.5C above pre-industrial levels risks is quickly slipping beyond reach.
Image Credit: Security Matters Limited
Australian Securities Exchange listed company, Security Matters Limited (ASX:SMX) may have the solution the world is current looking for in response to the global climate crisis, with the company having developed a distinctive and patented tracing technology, which tracks materials from virgin - to product - to waste, enabling circular & closed loop economies.
The SMX technology provides a win-win situation for both SMX and its customers by potentially reducing the customer’s footprint on earth’s resources, with what would traditionally be considered “waste” becoming the vital raw material to be used for the creation of something new.
This week, there has been more focus on climate change than ever before. Referred to as COP26, the UN Climate Change Conference in Glasgow brings together leaders from more than 100 countries, set to take part in what is regarded as humanity’s last and best chance to secure a liveable future amid dramatic climate change.
“Climate change is already ravaging the world,” President Biden said in a speech at the summit, on Monday afternoon. But even while global warming is causing widespread economic damage and upending lives, he said, this was also a moment of opportunity to reshape the way humans live in better harmony with nature.
SMX’s patented technology is unique in many ways and has the ability to significantly contribute to fighting climate change.
“Our digital twin platform that creates an ecosystem uniting the digital world and physical world has the ability to create a circular economy. The breakthrough of the SMX technology is the fact that with one technology, companies are able to deal with the ESG ethical sourcing component of sustainability; the waste and reuse of the sustainability and the circular economy, thereby gaining full visibility and control of the value chain ecosystem.” said SMX CEO and Founder, Haggai Alon.
The SMX technology also has other applications including ethical sourcing, demonstrated by the company’s recent deal with global tyre giant, Continental.
The company is also heavily involved in the plastics circular economy, with SMX entering an agreement with German multinational chemical company, BASF.
In September 2021, SMX also recently became a member of the Plastic Recycling Association of Singapore (PRAS), a leading non-profit organisation that engages with key stakeholders – from large companies to government organisations.
SMX is currently collaborating with several leading industry players to jointly transform entire industry value chains, and over the past two years, SMX has built up commercial partnerships with leading global corporations and industry leaders and is gaining traction with a multitude of companies.