The Web3 revolution is well underway, with technology, businesses and consumers alike exploring or actively moving towards a more decentralized world. But the energy sector has been slow to catch on – stuck in Web1 mode, where we passively consume energy from a utility without any control over where it comes from, how clean it is, how much it costs or how we /if we get it.
How Does Web3 Pertain To The Energy Sector?
The centralized grid has worked for over a century, but it is now aging, increasingly expensive to maintain and as a result is less reliable and increasingly expensive.
As our businesses become increasingly electrified, it is essential that we have access to cost-competitive, safe, reliable and cleaner energy for more profitable and sustainable outcomes. It is fair to say this is a massive change, and we will all be better off for making it. We all know change is hard, and there are no silver bullets.
That said, at VECKTA we firmly believe that a key component will be transitioning away from centralized generation (and largely fossil fuel-generated power) and towards a more distributed hybrid and renewable energy future.
Web1 to Web3 Transition
This is the equivalent of transitioning from a Web1 world (read-only, centralized, monopolistic) to a Web3 world (independent, trusted, resilient, decentralized, and distributed). Based on what we are hearing from our customers today, businesses want to be in a Web3 world – they want to take control over their energy future, but they don’t know what is possible, who to turn to, or where to begin.
Join us on this journey as we explore the synergies and opportunities. Don’t know what Web1, Web2 or Web3 is, or how it relates to the energy sector? Follow us here to connect and make sure you don’t miss the rest of the series.
VECKTA is leading the way by supporting businesses globally to simplify and accelerate the energy transition (and into a Web3 world!). Why not join us on this journey and we can help you take control of your energy, and make the switch to a cleaner, more sustainable and profitable energy future?
Schedule a demo of the VECKTA Platform today:
Barry Callebaut’s Use Of Sustainable Ingredients
When it comes to sourcing ingredients to produce chocolate on a global scale, prioritizing ethical and sustainable sourcing needs to be enforced and upheld as the industry standard.
Barry Callebaut is transparent about where and how they source everything from packaging materials to the raw ingredients like cane sugar, coconut, and cocoa that go into their products.
In addition, they aren’t afraid to admit where there is room for improvement. For example, palm oil is one of the leading causes of deforestation of our rainforests.
Therefore, Barry Callebaut has been a member of the Roundtable on Sustainable Palm Oil (RSPO) since 2011. And recently, they joined the front-running members of the Palm Oil Innovation Group (POIG) in order to build upon the efforts of RSPO to further advance sustainable palm oil requirements.
Corporate Commitment to Sustainability
It’s one thing to say it, but Barry Callebaut takes action. Their corporate commitment to sustainability runs deep within their policies and codes of conduct, solidifying their values through actionable steps and practices. The entire team at Barry Callebaut upholds these high standards of sustainability and ethically- sourced ingredients.
Sustainability Reporting at Barry Callebaut
A key theme throughout all of Barry Callebaut’s efforts is transparency. Committed to reporting transparency around their sustainability measures, they publish a sustainability report every fiscal year.
The Forever Chocolate Campaign
Forever Chocolate is Barry Callebaut’s campaign to make sustainable chocolate the norm. By 2025, Barry Callebaut hopes to achieve four ambitious targets that address the largest sustainability challenges in the chocolate supply chain: