In a significant move towards enhancing global sustainability efforts, DevvStream Corp., which has recently established itself as a leader in carbon management, has entered into a Memorandum of Understanding (MoU) with Fayafi Investment Holding. This collaboration aims to form Fayafi x DevvStream Green Ventures, a joint venture that seeks to accelerate investments in decarbonisation and climate infrastructure projects across the globe.
The partnership intends to leverage DevvStream’s extensive operational and technical capabilities alongside Fayafi’s substantial capital resources and commitment to Environmental, Social, and Governance (ESG) principles. The joint venture is poised to focus on identifying, funding, and scaling high-impact environmental projects, particularly in rapidly developing regions. With an initial funding commitment of $100 million earmarked for this purpose, the first project deployments are scheduled to take place in the latter part of 2025.
Carl Stanton, Chairman of DevvStream, articulated the venture’s mission, stating that it is “envisioned as a purpose-built platform to meet the needs of climate and energy transition investment in a changing world.” The anticipated structure of the joint venture allocates 80% ownership to Fayafi and 20% to DevvStream, operating under a capital-light model that allows for minimal upfront investment while fostering sustainable revenue streams from project management and carbon monetisation activities.
Fayafi Investment Holding, a pioneering investment firm based in Dubai, has made headlines recently by becoming the first Emirati family-owned company to secure registration on the SIX Swiss Exchange and listing on the Vienna Stock Exchange. This milestone highlights Fayafi’s strategic focus on science and technology investments, particularly in sectors that intersect with renewable energy and resource sustainability. The firm is committed to fostering ESG frameworks, with ambitious goals such as achieving net-zero emissions by 2035 and initiating large-scale reforestation projects.
Bobby Campbell, Chief ESG Investment Officer for Fayafi, expressed optimism regarding the MoU, emphasising its role as a vital step toward advancing climate finance. The partnership is structured to grant DevvStream exclusivity during the feasibility phase while allowing the company a first right of refusal on any carbon-related opportunities arising from the venture’s activities. This setup signifies a mutual commitment to align long-term strategies and ensure disciplined project selection.
As operational lead, DevvStream will oversee the entire lifecycle of potential projects, from identification and evaluation to implementation and carbon credit generation. Their expertise in the carbon market is complemented by Fayafi’s financial acumen, which provides the necessary resources to realise these initiatives at scale. This collaboration aligns seamlessly with both firms’ broader visions to address climate change while simultaneously generating economic benefits.
DevvStream’s recent trajectory underscores its transformative ambitions within the carbon credit generation sector. Following a successful business combination with Focus Impact Acquisition Corp., the company became the first publicly traded carbon credit generator on a major U.S. stock exchange, trading under the ticker ‘DEVS’. This operational expansion has equipped DevvStream with the tools and capital to democratise access to carbon markets while assisting corporations in achieving their climate objectives.
Ultimately, this joint venture marks a pivotal moment not only for DevvStream but also for the wider realm of climate investment. By joining forces in an era where sustainable initiatives are vital, the partnership between DevvStream and Fayafi signals a proactive approach towards enabling substantial environmental impacts through strategic investments in decarbonisation and climate resilience.
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Source: Noah Wire Services
- https://www.prnewswire.co.uk/news-releases/devvstream-corp-and-fayafi-investment-holding-sign-mou-to-explore-creation-of-fayafi-x-devvstream-green-ventures-to-accelerate-global-sustainability-investments-302454510.html – Please view link – unable to able to access data
- https://www.prnewswire.co.uk/news-releases/devvstream-corp-and-fayafi-investment-holding-sign-mou-to-explore-creation-of-fayafi-x-devvstream-green-ventures-to-accelerate-global-sustainability-investments-302454510.html – DevvStream Corp. and Fayafi Investment Holding have signed a Memorandum of Understanding (MoU) to establish Fayafi x DevvStream Green Ventures, a joint venture aimed at accelerating global investments in decarbonization and climate infrastructure projects. The venture plans to combine DevvStream’s technical expertise with Fayafi’s capital resources and ESG-focused investment strategy to identify, fund, and scale environmental projects worldwide. The initial funding commitment is expected to be $100 million, with project deployments targeted for Q3/Q4 2025. The joint venture will be structured as an independent entity, with ownership allocated 80% to Fayafi and 20% to DevvStream, enabling DevvStream to expand its global presence in energy transition and environmental assets with minimal upfront investment.
- https://www.prnewswire.com/news-releases/uae-based-fayafi-investment-holding-blazes-trail-with-registration-on-six-swiss-stock-exchange-and-listing-on-vienna-stock-exchange-302362607.html – Fayafi Investment Holding, a UAE-based investment firm, has become the first Emirati family-owned company to be registered on the SIX Swiss Exchange and listed on the Vienna Stock Exchange. The firm specializes in science and technology investments, with a flagship focus on isotope copper, a rare commodity valuable in medicine, aerospace, and renewable energy sectors. This milestone underscores Fayafi’s commitment to leveraging its science and innovation-backed investment focus to attract qualified and institutional investors.
- https://fayafi.ch/esg – Fayafi Investment Holding emphasizes its commitment to Environmental, Social, and Governance (ESG) principles, aiming to drive long-term value through sustainable practices. The company has set ambitious ESG goals, including achieving net-zero emissions by 2035, initiating a USD 100 million reforestation project, and creating employment for 50,000 farmers. Fayafi’s ESG framework integrates ethical investment strategies, stakeholder engagement, and governance excellence to foster sustainable economic impact and social progress.
- https://www.devvstream.com/news/news-releases/2024/devvstream-holdings-inc-announces-completion-of-business-combination-with-focus-impact-acquisition-corp-secures-up-to-us43m-of-additional-capital-to-execute-growth-plans – DevvStream Holdings Inc. has completed its business combination with Focus Impact Acquisition Corp., becoming the first publicly traded carbon credit generation company on a major U.S. stock exchange. The combined entity, renamed DevvStream Corp., will commence trading on the Nasdaq under the ticker ‘DEVS’. Additionally, DevvStream has secured access to up to $43 million in additional financing to support its mission of democratizing access to carbon markets and assisting organizations in meeting their climate and decarbonization targets.
- https://www.devvstream.com/news/news-releases/devvstream-to-engage-with-municipal-governments-in-los-angeles-phoenix-philadelphia-san-antonio-and-25-additional-us-cities-to-advance-technological-solutions-to-climate-change – DevvStream Holdings Inc. has entered into a definitive agreement with Global Green to explore decarbonization projects with 29 municipalities in the Sustainable Neighborhood Solutions Program. The initiative aims to assist cities in achieving their net-zero goals by generating carbon credits from existing emissions-reducing activities, purchasing high-integrity carbon credits to offset hard-to-abate emissions, and participating in turnkey decarbonization programs. The first projects are expected to be announced in Q1 2024.
- https://www.devvstream.com/news/news-releases/devvstream-to-purchase-12-million-carbon-credits-for-conservation-of-200000-hectares-of-amazon-territory – DevvStream Holdings Inc. has agreed to purchase 1.2 million carbon credits from the Ipixuna REDD+ Project in Brazil, aiming to conserve 200,000 hectares of Amazon rainforest. The project is expected to reduce emissions by over 13 million tonnes of CO₂ equivalent over its 30-year lifespan. The transaction is set to close upon the completion of DevvStream’s business combination with Focus Impact Acquisition Corp., with shares of the combined entity expected to begin trading on the Nasdaq under the ticker ‘DEVS’.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
9
Notes:
The narrative is recent and refers to ongoing and future activities, such as initial project deployments scheduled for late 2025. No references to outdated roles or historical events are evident. The content is from a PR Newswire press release, a typical format for announcing current corporate partnerships, which generally warrants a high freshness score due to its timeliness and direct origin from involved parties.
Quotes check
Score:
8
Notes:
Several direct quotes are included, notably from Carl Stanton and Bobby Campbell. The earliest known source of these quotes appears to be this press release itself, which is common for official corporate announcements. No earlier references to these exact statements were found online, indicating the quotes are original and authentic.
Source reliability
Score:
6
Notes:
The narrative originates from PR Newswire, a well-known distributor of press releases. While press releases provide direct statements from companies and are reliable for factual corporate disclosures, they are inherently promotional and lack independent editorial oversight, which lowers the score compared to journalistic reporting from reputable news outlets.
Plausability check
Score:
9
Notes:
The claims about the joint venture, funding commitment, and strategic goals align with current trends in sustainability investment and corporate carbon management. The described partnership and business moves are plausible and consistent with publicly known facts about DevvStream’s status as a public carbon credit generator and Fayafi’s investment focus. There is no contradictory evidence, though independent verification beyond the press release is limited.
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is timely and appears original, sourced directly from a reputable press release distributor. The quotes are authentic and not recycled. Although the content is promotional, the described partnership and strategic focus are credible and consistent with current market realities. The lack of independent third-party reporting is typical for newly announced deals but does not detract from the overall reliability of the disclosed information.
