Bankers Association offers climate-friendly NFT
23 November 2022
The Liechtenstein Bankers Association has launched climate-positive non fungible tokens (NFTs). The proceeds will be invested in a reforestation project in Colombia. The NFTs are now available to all.
The Liechtenstein Bankers Association (LBA) is offsetting its CO2 footprint for 2021 and 2022 with NFTs. According to a press release, the LBA has partnered with blockchain organizations Swappable based in Vaduz and KlimaDAO. Each of the 500 NFTs, representing the retirement of LBA’s total CO2 footprint, is invested in a project supporting reforestation in Colombia. This initiative is supported by the European hub of the Blockchain Research Institutes.
The NFTs have been claimable by all employees of LBA member organizations since 21 September. Now, any unclaimed NFTs will become publicly available.
The climate-positive NFT is part of the LBA’s long-term commitment to sustainability under its Roadmap 2025. “The Roadmap 2025 stands for our shared ambition to actively shape the two megatrends of sustainability and digitalization for the benefit of our clients and society,” Simon Tribelhorn, CEO of the Liechtenstein Bankers Association. “Help us fight climate change and take responsibility for future generations by participating in our innovative and forward-thinking initiative.”