PSA partners digital financial services group RHT on ESG digital asset solutions

PORT operator PSA International is partnering digital financial services group RHT to create and invest in environmental, social and governance (ESG) digital assets solutions to decarbonise its ports and supply chains.

The two organisations have signed a memorandum of understanding to "explore collaboration on potential ESG products and solutions that serve PSA's identified priorities and have a positive impact on global decarbonisation efforts", they said in a joint press release on Tuesday.

Among other things, RHT will advise PSA on the workings and opportunities of digital asset structuring, distribution, tokenisation and commercialisation of ESG solutions, among other things. Digital exchange SDAX will advise on the listing of digital assets on its platform.

According to its website, PSA has established a "climate response management system" to align its climate-related initiatives and focus efforts on four key areas - greenhouse gases, energy, water and waste - with reducing carbon emissions as its "most pressing goal".