3. Climate Dividends

Climate Dividends are extra-financial information corresponding to the positive climate impact of a Solution.

Climate dividends are rewards distributed to holders in exchange for their investments in Climate Techs. Climate Dividend distribution is annual and is measured based on the amount of CO2 emissions avoided through the DAO's investments. This means that investors can visualize their personal impact on the environment through their climate dividends tokens.

Climate Dividends are largely inspired by financial dividends but with a climate-related angle:

• They are distributed to the company's shareholders (here Keenest).

• They are distributed every year, in reporting year N+1 for results achieved in reporting year N

• They materialize the link between the shareholders and the value created by the company. In the case of financial dividends, it is the creation of financial value (the profit) that is partly distributed to shareholders; in the case of Climate Dividends, it is the creation of climate value (the company’s contribution to global net zero emissions, measured in avoided or removed emissions) of which the evidence is distributed to shareholders.

• Even if projections of Climate Dividends can be made, Climate Dividends are only accounted for when they are issued and actually distributed to shareholders.

• Unlike financial dividends, Climate Dividends are not money. They are not a financial flow, nor a financial asset, nor can they be monetised. They are just additional extra-financial information.

Climate Dividend protocols have been supported by institutional actors, such as ADEME (French ecological transition agency), Team for the Planet, Mirova, 2050 fund and Sweep. If you want to learn more on Climate Dividends, follow this link https://www.climate-dividends.com/