Frequently
Asked Questions

Who are Coral?

Coral is a UAE-based software company, with decades of combined experience across fintech and sustainability, and multiple successful ventures and projects. The Coral team came together with a shared vision of creating more equitable carbon credit markets through providing users with increased transparency and ease of verification.

What is Coral?

Coral is a technology platform dedicated to simplifying carbon management and reporting for businesses and consumers. By leveraging advanced AI and blockchain technology, Coral offers a transparent, efficient, and secure way to assess, reduce, and offset carbon footprints.

Who can benefit from using Coral?

Coral is designed for both enterprises and consumers. Businesses can use Coral's Emissions Management Solution (EMS) to accurately track, analyze, and manage their carbon emissions. Consumers can engage with Coral through various e-commerce platforms, offsetting the carbon impact of their purchases seamlessly at checkout.

How does Coral's technology work?

Coral integrates AI and blockchain to streamline the entire process of carbon management. Our platform automates data collection, calculates carbon footprints in real-time, and provides options for high-quality carbon offsets. By using blockchain, we ensure full transparency and traceability for all transactions, enhancing trust and reliability.

What makes Coral different from other carbon management platforms?

Unlike many competitors, Coral offers an all-in-one solution for carbon management that is both comprehensive and user-friendly. We combine advanced AI for accurate emissions tracking with blockchain technology to provide an auditable and transparent audit trail for carbon credits. Our modular platform allows users to select and use only the features they need, providing flexibility and customization.

How does Coral ensure the quality of carbon credits?

Coral collaborates with reputable carbon credit registries and auditors to provide high-quality, verified carbon credits. We use blockchain technology to tokenize credits, ensuring a one-to-one match between the digital token and the carbon credit. This prevents pooling of low-quality credits and ensures users know exactly what benefits each offset provides.

How can businesses use Coral's Emissions Management Solution (EMS)?

Coral's Emissions Management Solution (EMS) is designed to seamlessly align with your business operations, making it easy to monitor, manage, and reduce your carbon footprint.

Our EMS platform provides tools for comprehensive emissions tracking across your value chain, offering real-time insights and actionable analytics. Through its intuitive dashboard, you can identify hotspots, implement reduction strategies, and ensure compliance with global sustainability standards.

Whether you’re a manufacturing company, logistics provider, or service-based business, Coral's EMS can be tailored to your specific needs, enabling efficient carbon management and bolstering your credibility as a climate-conscious organization.

What makes Coral different from other carbon management platforms?

Unlike many competitors, Coral offers an all-in-one solution for carbon management that is both comprehensive and user-friendly. We combine advanced AI for accurate emissions tracking with blockchain technology to provide an auditable and transparent audit trail for carbon offsets.

Can Coral calculate emissions for any type of business activity?

Yes, Coral is equipped to calculate emissions across a wide range of business activities. Our platform supports over 10,000 emissions factors compliant with GHG Protocol Scope 1, 2, and 3 emissions. We can also develop custom models based on specific business needs.

How do I integrate Coral's solutions into my business?

For businesses looking to integrate carbon offsetting into their customer experience, Coral offers a turnkey API solution. This E-commerce API can be easily embedded into your checkout process, enabling real-time carbon offsetting options for your customers and allowing you to complement your existing sustainability strategy by automatically offsetting the carbon footprint of each transaction.

Where does Coral source its carbon credits from?

Coral partners with recognized carbon credit registries like the International Carbon Registry (ICR) and other global entities to source high-quality credits. Our internal due-diligence process ensures that all credits are verified and meet the highest standards.

How can Coral help my company with regulatory reporting requirements?

Coral's platform provides comprehensive reporting features that align with global standards, making it easier for businesses to comply with regulatory requirements. Our transparent and auditable reports give companies peace of mind when disclosing their sustainability practices.

How secure is your platform? What measures do you have in place to protect sensitive data?

Coral takes data security very seriously. We use Microsoft Azure to ensure data shared between clients and Coral is encrypted. Our security practices follow the Internal Control System (ICS) framework, which is designed to maintain high security standards, including secure code input. Coral also has internal processes to quickly identify, locate, and modify, redact, or delete data as requested, fully complying with GDPR requirements.

Is your platform scalable to handle large volumes of data from a global operation?

Yes, Coral is built on a highly scalable infrastructure that can manage extensive data volumes across global operations. Our use of Microsoft Azure Cloud enables us to scale up seamlessly to meet any size or demand.

How does Coral ensure real-time data processing and analytics?

Coral employs advanced AI algorithms and cloud computing to enable real-time data processing. Upon data upload, the Coral Engine processes data immediately, making it available for analytics and reporting in minutes.

Can Coral integrate with our existing systems, like ERP, CRM, or supply chain platforms?

Yes, Coral’s API capabilities allow easy integration with any upstream systems, including ERP, CRM, and supply chain platforms, provided the data is available in compatible formats (XML, CSV, PDF).

How customizable is your solution to meet specific needs or requirements?

Our modular architecture offers flexibility, allowing teams to select the features and functionalities that best align with their goals. Integration and additional customizations are available to meet specific requirements, which may involve additional costs.

How does Coral ensure the accuracy and verification of emissions data?

Coral leverages blockchain technology for data verification, along with AI-powered accuracy checks and audit trails. For emissions data, we provide all input data and emissions factors used in calculations, supporting traceability and transparency. Our blockchain-based audit reports for carbon credits/offsets simplify third-party audits and ensure robust verification.

What type of reports can we generate, and are they compliant with global standards?

Coral’s reports are compliant with global standards, including the GHG Protocol and ISO 14064. We support various methodologies—primary, hybrid, average, and spend-based—depending on the quality of data provided. Our system enables easy generation of compliant and customized real-time reports.

How do I get started with Coral?

Getting started with Coral is easy. For businesses, we offer a tailored onboarding process to help integrate our solutions with your existing systems. For consumers, simply look for our carbon offsetting options at checkout on participating e-commerce platforms.

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