DevvStream Corp..
DEVS.US | Trusts, funds and similar financial entities
DevvStream Corp. is a carbon credit investment firm that focuses on acquiring, managing, and developing carbon credit projects. The company invests in projects that generate or are expected to generate carbon credits, which are then sold to companies seeking to offset their carbon emissions. DevvStr...Show More
Better Health for All
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No information relevant to DEVS.US or the 'Better Health for All' value was found in the provided article.
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The article pertains to share disclosures for LXi REIT PLC and LondonMetric Property plc, not DevvStream Corp.
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Fair Money & Economic Opportunity
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DevvStream Corp. is a carbon credit investment firm and does not offer lending, deposit, or insurance services to consumers. Therefore, most KPIs related to consumer financial services, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (related to loan/insurance book), data accessibility, fair lending compliance, wealth building outcome, financial literacy initiatives, debt burden ratio, and product simplicity, are not applicable. The company's core business lies outside these financial services. However, DevvStream partners with WOCAN to develop and market W+ credits.
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A key requirement of the W+ Standard is that at least 20% of the proceeds from W+ credit sales must be shared with women's groups.
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This constitutes a form of profit reinvestment or profit-sharing with underserved communities. This 20% figure maps to the 'profit_reinvestment' KPI, which scores 10 for reinvesting around 10% of profits into community finance and ESOP schemes, and 20 for approximately 11%.
Fair Pay & Worker Respect
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No quantitative data relevant to the Fair Pay & Worker Respect metrics, such as living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage, was found in the provided articles.
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Fair Trade & Ethical Sourcing
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DevvStream Corp. operates as a carbon credit investment firm, focusing on acquiring, managing, and developing carbon credit projects.
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The company's business model does not involve the procurement or trading of physical commodities or the management of a traditional supply chain for goods.
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Consequently, the provided articles contain no evidence related to fair-trade certifications, supplier audits, child/forced labor incidents, supply chain traceability, remediation processes, ethical sourcing clauses in supplier contracts, or spend on high-risk materials.
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All relevant KPIs are deemed not applicable to the company's operations based on the available information.
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Honest & Fair Business
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The company's board of directors includes eleven individuals, with a majority identified as independent.
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The company adopted a Code of Business Conduct and Ethics, which is available on its website.
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However, DevvStream Corp. is experiencing delays in preparing its audited financial statements for the year ended July 31, 2024, and in filing its quarterly report for the quarter ended September 30, 2024.
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Due to these delays, a management cease trade order (MCTO) was imposed on the CEO and CFO, preventing them from trading company stock until the filings are completed.
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The company intends to file the statements by November 26, 2024, with the MCTO deadline set for December 30, 2024.
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An amended version of pro forma financial information for the first six months of 2024 was filed to correct the pro forma number of shares and loss per share.
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Kind to Animals
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No quantitative data, regulatory actions, violations, fines, compliance issues, certifications, awards, recognitions, or comparisons to industry benchmarks related to animal welfare were found in the provided article content.
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No War, No Weapons
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DevvStream Corp. focuses on carbon credit investment and environmental asset generation.
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The provided articles do not contain any specific, concrete evidence regarding the company's involvement in arms manufacturing, military contracts, dual-use technologies, sales to sanctioned regimes, peacebuilding investments, or any other activities directly related to the 'No War, No Weapons' ethical value. Therefore, no KPIs under this value can be scored based on the available information.
Planet-Friendly Business
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DevvStream Corp. is involved in the Ipixuna REDD+ Project, which conserves 200,000 hectares of Amazon territory.
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This project is located in a legally designated indigenous reserve, with the Parintintin tribe owning, managing, and documenting all project activities, aiming to enhance environmental conservation and promote decent living conditions.
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The project leverages REDD+ methodology, including conservation of carbon reserves and sustainable forest management, achieving zero-deforestation across 100% of its supply chain.
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The company has not reported any environmental compliance violations. The Ipixuna REDD+ Project has an established climate justice program with regular community engagement and quantitative metrics for environmental equity.
Respect for Cultures & Communities
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The provided articles do not contain specific, concrete data points or facts regarding DevvStream Corp.'s performance related to Respect for Cultures & Communities. Article
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explicitly states a lack of data concerning the company's respect for cultures and communities, focusing instead on environmental initiatives and financial transactions.
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Articles
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discuss general concepts of Free, Prior, and Informed Consent (FPIC) and consultation protocols for Aboriginal groups, but do not provide any company-specific information for DEVS.US.
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Safe & Smart Tech
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No specific, concrete evidence was found in the provided articles regarding DevvStream Corp.'s performance on data protection, cybersecurity, or responsible AI practices. The articles primarily focus on the company's funding, financial structure, and general business operations related to carbon credit investments, rather than its internal technology and privacy safeguards or AI ethics governance. Mentions of compliance refer to securities regulations, not privacy regulations, and funding for 'digital infrastructure' is not specified as cybersecurity investment or a percentage of revenue.
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Zero Waste & Sustainable Products
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DevvStream has signed Memoranda of Understanding (MoUs) for two waste-to-energy (WtE) facilities in Indonesia, one in West Java and another in Depok City.
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These planned projects aim to convert landfill waste into grid-connected renewable power.
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However, the MoUs are non-binding, and their finalization and operational challenges for certifications are noted, indicating that these initiatives are still developing with modest results.
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