| [Table 2] Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens | |||||
| Template for white papers for crypto-assets other than asset-referenced tokens or e-money tokens [abstract] | |||||
| General information | |||||
| 00 Table of content | boolean true | ||||
| 01 Date of notification | date | ||||
| 02 Statement in accordance with Article 6(3) of Regulation (EU) 2023/1114 | boolean true | ||||
| 03 Compliance statement in accordance with Article 6(6) of Regulation (EU) 2023/1114 | boolean true | ||||
| 04 Statement in accordance with Article 6(5), points (a), (b), (c), of Regulation (EU) 2023/1114 | boolean true | ||||
| 05 Statement in accordance with Article 6(5), point (d), of Regulation (EU) 2023/1114 | boolean true | ||||
| 06 Statement in accordance with Article 6(5), points (e) and (f), of Regulation (EU) 2023/1114 | boolean true | ||||
| SUMMARY | |||||
| 07 Warning in accordance with Article 6(7), second subparagraph, of Regulation (EU) 2023/1114 | boolean true | This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto –asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council or any other offer document pursuant to Union or national law. |
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| 08 Characteristics of the crypto-asset | textBlock | To activate this right, token holders must lock their tokens in a dedicated non-custodial smart contract, which grants access rights of the corresponding renewable-energy production capacity, whether derived from photovoltaic, wind, hydroelectric, or other renewable sources, as selected by the users from among the power plants made available on the platform. Tokens may also be issued and held fractionally, allowing flexible participation in the platform. By staking their crypto-assets, users activate the allocation of such share. Based on the actual energy output generated by the relevant portion of the energy plant, staking users are entitled to receive the related energy proceeds in one of the following forms: - a payment credited to their designated bank account; or - (subject to availability) a discount applied to their electricity bill through partner energy providers integrated into the platform. The platform ensures transparent monitoring of the energy plants, providing periodic data on production performance and energy yield recorded on blockchain, thus enabling traceability of renewable-energy generation and usage. Neither the crypto-assets nor the staking activity grant users any ownership, proprietary, or real rights over the energy plants selected by the users, which remain at all times the exclusive property of the relevant owners. The platform applies a time-based service adjustment to GEST tokens when they are unlocked after being locked in a non-custodial smart contract to access renewable energy services. Upon unlocking, users receive slightly fewer tokens than originally locked – typically reflecting an annualized adjustment factor initially in the range of approximately 0.5% to 1.0%. Such adjustment factor may be revised over time, including potential increases, based on the long-term operational characteristics and performance assessments. The deducted portion is permanently removed from circulation through a burn mechanism.. GEST tokens are used exclusively within the Digital Energy platform to access the energy generation capacity. The GEST token does not constitute a financial instrument, share, or debt claim. The issuance of new GEST tokens will be subject to both procedural governance controls and technical constraints embedded within the relevant smart contracts. Such issuance will be linked to objective parameters derived from the renewable-energy plants integrated into the platform, with the aim of maintaining, over time, a general alignment between the number of circulating tokens and the effective production capacity available within the ecosystem. Temporary deviations may occur during phases of plant acquisition, integration, or expansion. |
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| 09 Further information about utility tokens | textBlock | ||||
| 10 Key information about the offer to the public or admission to trading | textBlock | The GEST Token will be offered to the public during an initial subscription program structured in multiple phases. The issue price of one GEST Token will range from EUR 900 (nine hundred) to EUR 1,100 (one thousand one hundred). Tokens are divisible and fractions of GEST Tokens may be purchased. The minimum subscription amount is EUR 100 (one hundred). The maximum target subscription amount for this initial offering program is EUR 10,000,000 (ten million). Subscription Goals No minimum subscription goal is set. The maximum subscription cap for this initial offering program is EUR 10,000,000 (ten million), which represents the total amount to be raised during this issuance program. Subscription Fees No additional subscription fees are charged to purchasers beyond the applicable issue price. Prospective Holders The offer is open to retail and qualified investors, both natural and legal persons, who register on the Digital Energy platform and accept the platform's terms of use. Phases of the Offer The initial offering program is divided into four successive phases. Each phase shall terminate upon the earlier occurrence of either: (i) the expiration of the applicable time period, or (ii) the sale of the maximum allocation assigned to that phase. First Phase Duration: up to two (2) months Price: EUR 900 per GEST Token Allocation: up to 5% of the total offering, corresponding to a maximum of EUR 500,000 Second Phase Duration: up to two (2) months Price: EUR 950 per GEST Token Allocation: up to 10% of the total offering, corresponding to a maximum of EUR 1,000,000 Third Phase Duration: up to three (3) months Price: EUR 1000 per GEST Token Allocation: up to 20% of the total offering, corresponding to a maximum of EUR 2,000,000 Final Phase Duration: up to six (6) months Price: EUR 1100 per GEST Token Allocation: remaining portion of the total offering, up to the overall maximum cap of EUR 10,000,000 Additional issuance tranches may be offered in the future in connection with the integration of new renewable-energy projects into the Digital Energy ecosystem. |
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| Part A - Information about offeror or person seeking admission to trading | |||||
| A.1 Name | text | ||||
| A.2 Legal form | text | ||||
| A.3 Registered address | |||||
| Registered addess | text | Via Palmiro Togliatti 10, 45010 |
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| Country | enumeration | ||||
| Sub-division | text | ||||
| A.4 Head office | |||||
| Head office | text | Via Palmiro Togliatti 10, 45010 |
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| Country | enumeration | ||||
| Sub-division | text | ||||
| A.5 Registration date | date | ||||
| A.6 Legal entity identifier | LEI | ||||
| A.7 Another identifier required pursuant to applicable national law | text | Codice fiscale e Partita Iva: 01635170291 |
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| A.8 Contact telephone number | text | ||||
| A.9 E-mail address | text | |
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| A.10 Response time (days) | integer | ||||
| A.11 Parent company | text | ||||
| A.12 Members of the management body | |||||
| Member #1 | id | 1 | |||
| Identity | text | ||||
| Business address | text | 45010 Papozze (RO) Italy |
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| Function | text | ||||
| Member #2 | id | 2 | |||
| Identity | text | ||||
| Business address | text | 00155 Roma (RM) Italy |
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| Function | text | ||||
| A.13 Business activity | textBlock | -Feasibility studies, design, construction, management, purchase, sale, and commercialization of renewable energy plants, as well as production and direct sale of renewable energy. -Energy sector consulting, including support for investments and plant operations, either directly or via subcontracting. -Assistance, consultancy, and maintenance services for energy plants owned by the company or third parties. -Construction, installation, expansion, transformation, and maintenance of technological and energy plants. -Wholesale and retail trade of electrical materials and products related to renewable energy plants. -Advertising and promotion of renewable energy plants and components. -Purchase, sale, lease, restructuring, and management of real estate and land, including agricultural property, but excluding brokerage. -Participation in property auctions and real estate consulting. -Consulting for innovative projects and creation of new subsidiaries or ventures, also abroad. -Business consulting in marketing, advertising, IT, software, and database management. -Professional training, requalification, and educational activities. -Creation and commercialization of multimedia content, digital platforms, machine learning solutions, and investment monitoring platforms. -Sale or subscription-based supply of digital platforms. -Organization of events, meetings, exhibitions, and conferences to promote products and services. -Participation in national and international projects, tenders, or joint ventures. -Creation and registration of trademarks, and acquisition of stakes or shares in other companies with similar or related purposes. -The company may also carry out any commercial, industrial, financial, real estate, or movable asset operations deemed useful for achieving its objectives, provided they are not reserved by law for regulated entities. |
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| A.14 Parent company business activity | textBlock | ||||
| A.15 Newly established | boolean | ||||
| A.16 Financial condition for the past three years | textBlock | -Financial Year 2023 In fiscal year 2023, Digital Energy generated revenues of EUR 24,984 against operating costs of EUR 5,893, yielding an operating result of EUR 19,091. After net financial charges of EUR 124 and income taxes of EUR 5,283, the Company achieved a net profit of EUR 13,684. Total assets stood at EUR 31,887, with equity of EUR 23,685 (including EUR 10,000 share capital) and total debt of EUR 8,165. -Financial Year 2024 In fiscal year 2024, revenues declined to EUR 2,018 with operating costs of EUR 3,011, resulting in an operating loss of EUR 993. However, financial income of EUR 3,000 offset this loss, producing a pre-tax result of EUR 1,997 and a net profit of EUR 1,446 after taxes of EUR 551. Equity strengthened to EUR 25,131 (with EUR 684 allocated to the legal reserve), while total debt decreased to EUR 5,341, reflecting improved financial leverage. -Financial Year 2025 Based on operational trends and continuity of the business model, Digital Energy's financial performance during fiscal year 2025 developed broadly in line with 2024, maintaining a stable cost structure. |
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| A.17 Financial condition since registration | textBlock | ||||
| Part B - Information about issuer, if different from offeror or person seeking admission to trading | |||||
| B.1 Issuer different from offerror or person seeking admission to trading | boolean | ||||
| B.2 Name | N/A | . | |||
| B.3 Legal form | N/A | . | |||
| B.4 Registered address | |||||
| Registered addess | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| B.5 Head office | |||||
| Head office | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| B.6 Registration date | N/A | . | |||
| B.7 Legal entity identifier | N/A | . | |||
| B.8 Another identifier required pursuant to applicable national law | N/A | . | |||
| B.9 Parent company | N/A | . | |||
| B.10 Members of the management body | |||||
| Member #1 | N/A | . | |||
| Identity | N/A | . | |||
| Business address | N/A | . | |||
| Function | N/A | . | |||
| B.11 Business activity | N/A | . | |||
| B.12 Parent company business activity | N/A | . | |||
| Part C - Information about the operator of the trading platform in cases where it draws up the crypto-asset white paper and information about other persons drawing the crypto-asset white paper pursuant to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | |||||
| C.1 Name | N/A | . | |||
| C.2 Legal form | N/A | . | |||
| C.3 Registered address | |||||
| Registered address | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| C.4 Head office | |||||
| Head office | N/A | . | |||
| Country | N/A | . | |||
| Sub-division | N/A | . | |||
| C.5 Registration date | N/A | . | |||
| C.6 Legal entity identifier | N/A | . | |||
| C.7 Another identifier required pursuant to applicable national law | N/A | . | |||
| C.8 Parent company | N/A | . | |||
| C.9 Reason for crypto-asset white paper preparation | N/A | . | |||
| C.10 Members of the management body | |||||
| Member #1 | N/A | . | |||
| Identity | N/A | . | |||
| Business address | N/A | . | |||
| Function | N/A | . | |||
| C.11 Operator business activity | N/A | . | |||
| C.12 Parent company business activity | N/A | . | |||
| C.13 Other persons drawing up the crypto-asset white paper according to Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A | . | |||
| C.14 Reason for drawing the white paper by persons referred to in Article 6(1), second subparagraph, of Regulation (EU) 2023/1114 | N/A | . | |||
| Part D - Information about other token project | |||||
| D.1 Crypto-asset project name | text | ||||
| D.2 Crypto-asset name | text | ||||
| D.3 Abbreviation | text | ||||
| D.4 Crypto-asset project description | textBlock | The project leverages tokenization, smart contracts, and blockchain transparency to create a decentralized ecosystem where users can participate directly in the renewable energy value chain. Through the issuance of Green Energy Sharing Token s (GEST), each representing access to a proportional share of renewable-energy production capacity, users can obtain access rights to the energy production capacity of real assets such as photovoltaic, wind, or hydroelectric plants. By locking their tokens in non-custodial smart contracts, users activate their corresponding share of productive capacity. The energy generated by these tokenized portions is monitored and recorded through the platform's digital infrastructure, providing periodic data on production and yield. Based on the actual energy produced, users receive either a payment credited to their bank account or, where available, a discount on their electricity bill from partner energy providers affiliated with the issuer. Digital Energy thus connects renewable energy generation with digital finance, creating a transparent, traceable, and sustainable mechanism for sharing the economic benefits of clean energy. Its blockchain architecture ensures data integrity, transparency, and compliance, while fostering broader participation in the transition to renewable energy. |
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| D.5 Details of all natural or legal persons involved in implementation of crypto-asset project | |||||
| Person #1 | id | 1 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | 45010 Papozze (RO) Italy |
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| Domicile of company | enumeration | ||||
| Person #2 | id | 2 | |||
| Type of person | enumeration | ||||
| Name of person | text | ||||
| Business address of person | text | 00155 Roma (RM) Italy |
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| Domicile of company | enumeration | ||||
| D.6 Utility token classification | boolean | ||||
| D.7 Key features of goods or services for utility token projects | text | ||||
| D.8 Plans for the token | |||||
| Description of past milestones | textBlock | All essential components of the platform – wallet integration, token issuance protocol, energy data tracking, and marketplace functionalities – are in the process of being developed and will be soon operational in a controlled environment. From the outset of the project, a photovoltaic power plant with an installed capacity of approximately 1 MW will be integrated into the Digital Energy platform, with a portion or, where applicable, the full generation capacity made available for token-based operations. This initial facility will provide the first source of renewable-energy generation supporting user participation and will enable the operational validation of real-world energy data integration, serving as the foundation for the platform's early deployment and scalability. |
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| Description of future milestones | textBlock | -[Q2 2026] – Official Token Launch: public release of the GEST crypto-asset, enabling users to access tokenized photovoltaic capacity through the Digital Energy platform; -[Q3 2026] – Acquisition and Integration of a Second Power Plant: expansion of the available photovoltaic capacity within the ecosystem to support wider user participation and scalability of the token model. Further developments will focus on the progressive acquisition and integration of additional renewable-energy plants, the enhancement of monitoring and reporting tools, and the scaling of the Digital Energy platform's operational infrastructure. |
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| D.9 Resource allocation | text | Additional funds have been employed to cover legal, regulatory, and compliance-related expenses, including consultancy and documentation activities required for the preparation of this white paper and related filings. A portion of the resources will be dedicated to marketing and communication activities, aimed at promoting awareness of the project, engaging potential partners, and supporting the community-building phase preceding the public token launch. |
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| D.10 Planned use of collected funds or other tokens | text | ||||
| Part E - Information about offer to public of other tokens or their admission to trading | |||||
| E.1 Public offering or admission to trading | enumeration | ||||
| E.2 Reasons for public offer or admission to trading | textBlock | By allowing users to acquire and lock GEST tokens, the project establishes a transparent and traceable connection between digital assets and real renewable-energy production capacity, fostering community involvement in the transition to clean energy. The funds collected through the offer will be used primarily for the acquisition and development of renewable-energy plants, including both new installations and existing facilities. Additional proceeds may be allocated to technological improvements, regulatory compliance, and the development of partnerships with energy companies and service providers, ensuring the long-term sustainability and scalability of the Digital Energy platform. |
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| E.3 Fundraising target | |||||
| Target expressed in currency | monetary | EUR | |||
| Target expressed in units | decimal | ||||
| Target expressed in digital token identifier | text | ||||
| E.4 Minimum subscription goals | |||||
| Goals expressed in currency | monetary | EUR | |||
| Goals expressed in units | decimal | ||||
| Goals expressed in digital token identifier | text | ||||
| E.5 Maximum subscription goals | |||||
| Goasl expressed in currency | monetary | EUR | |||
| Goals expressed in units | decimal | ||||
| Goals expressed in digital token identifier | text | ||||
| E.6 Oversubscription acceptance | boolean | ||||
| E.7 Oversubscription allocation | text | ||||
| Issue price details | |||||
| E.8 Issue price | decimal | ||||
| E.9 Official currency determining issue price | enumeration | ||||
| E.9 Any other tokens determining issue price | text | ||||
| E.10 Subscription fee | |||||
| Fee expressed in currency | monetary | EUR | |||
| Fee expressed in units | decimal | ||||
| Fee expressed in digital token identifier | text | ||||
| E.11 Offer price determination method | text | ||||
| E.12 Total number of offered or traded other tokens | integer | ||||
| E.13 Targeted holders | enumeration | ||||
| E.14 Holder restrictions | text | ||||
| E.15 Reimbursement notice | boolean true | ||||
| E.16 Refund mechanism | textBlock | All payments received shall be reimbursed without undue delay, in accordance with MiCAR, using the same payment method as the original purchase, subject to the return of the corresponding Green Energy Sharing Token s (GEST). Any blockchain network fees (gas fees) related to the return of the tokens shall be borne by the purchaser. Sale Cancellation: In the event of sale cancellation by the offeror, purchasers shall be automatically reimbursed using the same payment methods, subject to the return of the GEST tokens, within 14 calendar days of the cancellation announcement. |
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| E.17 Refund timeline | text | ||||
| E.18 Offer phases | textBlock | The GEST Token will be offered to the public during an initial subscription program structured in multiple phases. The issue price of one GEST Token will range from EUR 900 (nine hundred) to EUR 1,100 (one thousand one hundred). Tokens are divisible and fractions of GEST Tokens may be purchased. The minimum subscription amount is EUR 100 (one hundred). The maximum target subscription amount for this initial offering program is EUR 10,000,000 (ten million). Subscription Goals No minimum subscription goal is set. The maximum subscription cap for this initial offering program is EUR 10,000,000 (ten million), which represents the total amount to be raised during this issuance program. Subscription Fees No additional subscription fees are charged to purchasers beyond the applicable issue price. Prospective Holders The offer is open to retail and qualified investors, both natural and legal persons, who register on the Digital Energy platform and accept the platform's terms of use. Phases of the Offer The initial offering program is divided into four successive phases. Each phase shall terminate upon the earlier occurrence of either: (i) the expiration of the applicable time period, or (ii) the sale of the maximum allocation assigned to that phase. First Phase Duration: up to two (2) months Price: EUR 900 per GEST Token Allocation: up to 5% of the total offering, corresponding to a maximum of EUR 500,000 Second Phase Duration: up to two (2) months Price: EUR 950 per GEST Token Allocation: up to 10% of the total offering, corresponding to a maximum of EUR 1,000,000 Third Phase Duration: up to three (3) months Price: EUR 1,000 per GEST Token Allocation: up to 20% of the total offering, corresponding to a maximum of EUR 2,000,000 Final Phase Duration: up to six (6) months Price: EUR 1,100 per GEST Token Allocation: remaining portion of the total offering, up to the overall maximum cap of EUR 10,000,000 Additional issuance tranches may be offered in the future in connection with the integration of new renewable-energy projects into the Digital Energy ecosystem. |
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| E.19 Early purchase discount | textBlock | ||||
| E.20 Time-limited offer | boolean | ||||
| E.21 Subscription period beginning | date | ||||
| E.22 Subscription period end | date | ||||
| E.23 Safeguarding arrangements for offered funds or other tokens | textBlock | ||||
| E.24 Payment methods for other token purchase | textBlock | ||||
| E.25 Value transfer methods for reimbursement | textBlock | Sale Cancellation: In the event of an issuer-initiated sale cancellation, all purchasers will be automatically reimbursed using the same payment method employed for their original GEST token purchase. |
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| E.26 Right of withdrawal | textBlock | The right of withdrawal applies exclusively to natural persons who are retail investors and who acquire GEST tokens directly from Digital Energy S.r.l. and only in connection with the primary issuance phase. To exercise the right of withdrawal, the purchaser must notify Digital Energy S.r.l. within the prescribed fourteen-day period by submitting a clear and unambiguous statement of their decision to withdraw. Notification may be provided electronically per email indicated above A.9 or through the same platform or communication channel used for the purchase, in accordance with the withdrawal procedures published on the platform's website. Upon exercising the right of withdrawal, the purchaser must return the GEST tokens to Digital Energy S.r.l. following the instructions provided by the issuer. Reimbursement will be issued only after the returned tokens are received and verified, and it will be processed using the same payment method employed for the original purchase. |
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| E.27 Transfer of purchased other tokens | textBlock | ||||
| E.28 Transfer time schedule | text | ||||
| E.29 Purchaser's technical requirements | textBlock | This wallet enables users to receive, hold, and use GEST Tokens seamlessly on the Polygon blockchain. At any time, users may choose to transfer their tokens to an external self-custodial wallet compatible with Polygon and ERC-20 standards (e.g., MetaMask or equivalent). Such transfer, however, remains optional and is not required for participating in the platform's ecosystem or for exercising the rights associated with the GEST tokens. |
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| Other token services provider characteristics | |||||
| E.30 Other token service provider (CASP) name | text | ||||
| E.31 CASP identifier | LEI | ||||
| E.32 Placement form | enumeration | ||||
| Trading platforms characteristics | |||||
| E.33 Trading platforms name | text | ||||
| E.34 Trading platforms market identifier code (MIC) | text | ||||
| E.35 Trading platforms access | text | ||||
| E.36 Involved costs | textBlock | ||||
| E.37 Offer expenses | textBlock | ||||
| E.38 Conflicts of interest | textBlock | ||||
| E.39 Applicable law | textBlock | ||||
| E.40 Competent court | textBlock | ||||
| Part F - Information about other tokens | |||||
| F.1 Crypto-asset type | text | The crypto-asset does not aim to maintain a stable value by referencing any official currency, basket of assets, or underlying rights. The value of the GEST token is determined entirely by market forces, specifically the dynamics of supply and demand, and is not supported by any stabilization mechanism. It is neither pegged to fiat currency nor backed by external assets, which differentiates it from EMTs and ARTs. Moreover, the Green Energy Sharing Token (GEST) does not qualify as a financial instrument, deposit, insurance policy, pension product, or any other regulated financial product under EU law. It does not confer any financial entitlements or contractual claims on its holders, thereby placing it outside the regulatory scope governing traditional financial instruments. |
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| F.2 Other token functionality | textBlock | To activate this right, token holders must lock their tokens in a dedicated non-custodial smart contract, which grants access rights of the corresponding renewable-energy production capacity, whether derived from photovoltaic, wind, hydroelectric, or other renewable sources, as selected by the users from among the power plants made available on the platform. Tokens may also be issued and held fractionally, allowing flexible participation in the platform. By staking their crypto-assets, users activate the allocation of such share. Based on the actual energy output generated by the relevant portion of the energy plant, staking users are entitled to receive the related energy proceeds in one of the following forms: - a payment credited to their designated bank account; or - (subject to availability) a discount applied to their electricity bill through partner energy providers integrated into the platform. The platform ensures transparent monitoring of the energy plants, providing periodic data on production performance and energy yield recorded on blockchain, thus enabling traceability of renewable-energy generation and usage. Neither the crypto-assets nor the staking activity grant users any ownership, proprietary, or real rights over the energy plants selected by the users, which remain at all times the exclusive property of the relevant owners. The platform applies a time-based service adjustment to GEST tokens when they are unlocked after being locked in a non-custodial smart contract to access renewable energy services. Upon unlocking, users receive slightly fewer tokens than originally locked – typically reflecting an annualized adjustment factor initially in the range of approximately 0.5% to 1.0%. Such adjustment factor may be revised over time, including potential increases, based on the long-term operational characteristics and performance assessments. The deducted portion is permanently removed from circulation through a burn mechanism.. GEST tokens are used exclusively within the Digital Energy platform to access the energy generation capacity. The GEST token does not constitute a financial instrument, share, or debt claim. The issuance of new GEST tokens will be subject to both procedural governance controls and technical constraints embedded within the relevant smart contracts. Such issuance will be linked to objective parameters derived from the renewable-energy plants integrated into the platform, with the aim of maintaining, over time, a general alignment between the number of circulating tokens and the effective production capacity available within the ecosystem. Temporary deviations may occur during phases of plant acquisition, integration, or expansion. |
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| F.3 Planned application of functionalities | textBlock | ||||
| A description of the characteristics of the other token, including the data necessary for classification of the crypto-asset white paper in the register referred to in Article 109 of Regulation (EU) 2023/1114, as specified in accordance with paragraph 8 of that Article | |||||
| F.4 Type of crypto-asset white paper | enumeration | ||||
| F.5 Type of submission | enumeration | ||||
| F.6 Other token characteristics | textBlock | Each GEST token represents a digital right to access a proportional share of renewable-energy generation capacity within the Digital Energy platform. To activate this right, token holders must lock their tokens in a non-custodial smart contract, which grants them an access right of the corresponding renewable-energy production capacity, whether derived from photovoltaic, wind, hydroelectric, or other renewable sources. To activate access the power plant energy generation capacity, the holder must lock the token in a non-custodial smart contract, which grants access rights of the corresponding renewable-energy portion. Token Characteristics: -Standard: fungible ERC-20 token (Polygon network); -Divisibility: Fractional amounts supported. The GEST token serves exclusively as an access token within the Digital Energy Platform, enabling participation in the platform's renewable-energy framework, and does not represent ownership, equity, or debt in any entity or physical plant. |
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| F.7 Commercial name or trading name | text | ||||
| F.8 Website of the issuer | text | ||||
| F.9 Starting date of offer to the public or admission to trading | date | ||||
| F.10 Publication date | date | ||||
| F.11 Any other services provided by the issuer | textBlock | ||||
| F.12 Language or languages of white paper | text | ||||
| F.13 Digital token identifier code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available | text | ||||
| F.14 Functionally fungible group digital token identifier, where available | text | ||||
| F.15 Voluntary data flag | boolean | ||||
| F.16 Personal data flag | boolean | ||||
| F.17 LEI eligibility | boolean | ||||
| F.18 Home member state | enumeration | ||||
| F.19 Host member states #1 | enumerationSet | ||||
| F.19 Host member states #2 | enumerationSet | ||||
| F.19 Host member states #3 | enumerationSet | ||||
| F.19 Host member states #4 | enumerationSet | ||||
| F.19 Host member states #5 | enumerationSet | ||||
| F.19 Host member states #6 | enumerationSet | ||||
| F.19 Host member states #7 | enumerationSet | ||||
| F.19 Host member states #8 | enumerationSet | ||||
| F.19 Host member states #9 | enumerationSet | ||||
| F.19 Host member states #10 | enumerationSet | ||||
| F.19 Host member states #11 | enumerationSet | ||||
| F.19 Host member states #12 | enumerationSet | ||||
| F.19 Host member states #13 | enumerationSet | ||||
| F.19 Host member states #14 | enumerationSet | ||||
| F.19 Host member states #15 | enumerationSet | ||||
| F.19 Host member states #16 | enumerationSet | ||||
| F.19 Host member states #17 | enumerationSet | ||||
| F.19 Host member states #18 | enumerationSet | ||||
| F.19 Host member states #19 | enumerationSet | ||||
| F.19 Host member states #20 | enumerationSet | ||||
| F.19 Host member states #21 | enumerationSet | ||||
| F.19 Host member states #22 | enumerationSet | ||||
| F.19 Host member states #23 | enumerationSet | ||||
| F.19 Host member states #24 | enumerationSet | ||||
| F.19 Host member states #25 | enumerationSet | ||||
| F.19 Host member states #26 | enumerationSet | ||||
| F.19 Host member states #27 | enumerationSet | ||||
| F.19 Host member states #28 | enumerationSet | ||||
| F.19 Host member states #29 | enumerationSet | ||||
| Part G - Information on rights and obligations attached to other tokens | |||||
| G.1 Purchaser rights and obligations | textBlock | By locking their tokens in a non-custodial smart contract, purchasers become entitled to receive the economic benefits derived from the actual energy produced by the associated renewable-energy portion, in the form of either: -a payment credited to their designated bank account; or -(subject to availability) a discount on their electricity bill through partner energy providers. Purchasers are required to comply with all KYC/AML requirements, as well as with the terms of use of the Digital Energy platform. The GEST token does not grant any ownership rights, voting rights, or claims over physical assets or the issuer's revenue. |
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| G.2 Exercise of rights and obligations | textBlock | Locking activates the access right of the corresponding renewable-energy portion and enables the system to record and monitor the associated energy generation data on the blockchain. Only locked tokens generate the corresponding economic and energy-related benefits, while unlocked or unallocated tokens do not accrue any returns linked to energy production. The platform applies a time-based service adjustment to GEST tokens when they are unlocked after being locked in a non-custodial smart contract to access renewable energy services. Upon unlocking, users receive slightly fewer tokens than originally locked – typically reflecting an annualized adjustment factor initially in the range of approximately 0.5% to 1.0%. Such adjustment factor may be revised over time, including potential increases, based on the long-term operational characteristics and performance assessments. The deducted portion is permanently removed from circulation through a burn mechanism. |
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| G.3 Conditions for modifications of rights and obligations | textBlock | The holder has always the capacity to unlock the GEST Tokens. Any material modification affecting purchasers' rights or obligations will be communicated publicly through the issuer's official channels prior to implementation and will comply with applicable regulatory requirements. |
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| G.4 Future public offers | textBlock | However, the issuer may conduct future offers in connection with the acquisition, development, or integration of additional renewable-energy plants, in order to expand the energy generation capacity available within the Digital Energy ecosystem.GEST |
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| G.5 Issuer retained other token | integer | ||||
| G.6 Utility token classification | boolean | ||||
| G.7 Key features of goods or services utility tokens | text | ||||
| G.8 Utility tokens redemption | text | ||||
| G.9 Non-trading request | boolean | ||||
| G.10 Other tokens purchase or sale modalities | text | No peer-to-peer trading or internal marketplace is provided within the Digital Energy platform, and no external listing on unauthorized third-party exchanges is foreseen or permitted. All authorized transactions will occur on-chain through smart contracts, ensuring transparency, traceability, and compliance with applicable KYC/AML procedures and regulatory requirements. |
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| G.11 Other tokens transfer restrictions | text | ||||
| G.12 Supply adjustment protocols | boolean | ||||
| G.13 Supply adjustment mechanisms | text | ||||
| Other token schemes details | |||||
| G.14 Token value protection schemes | boolean | ||||
| G.15 Token value protection schemes description | textBlock | ||||
| G.16 Compensation schemes | boolean | ||||
| G.17 Compensation schemes description | textBlock | ||||
| G.18 Applicable law | textBlock | ||||
| G.19 Competent court | textBlock | ||||
| Part H – Information on underlying technology | |||||
| H.1 Distributed ledger technology (DTL) | text | The Polygon PoS network uses a consensus mechanism based on Proof-of-Stake, ensuring high throughput, reduced energy consumption, and decentralized security through a network of validators. All token transactions, smart contract interactions, and energy data records are immutably stored on-chain, guaranteeing transparency, traceability, and verifiability of operations within the Digital Energy platform |
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| H.2 Protocols and technical standards | text | All smart contracts related to the Green Energy Sharing Token(GEST) follow the ERC-20 token standard, deployed on the Polygon (PoS) network, which provides high throughput, low transaction costs, and compatibility with the Ethereum Virtual Machine (EVM). Core platform modules rely on: • Non-custodial smart contracts for token locking and access rights management; • Account abstraction technology for internal user wallets and transaction automation; • On-chain event logging for transparency and traceability of energy-related data; • APIs to connect verified renewable-energy production data from monitored plants to the blockchain layer. For detailed technical documentation, protocol references, refer to the official Digital Energy Documentation Portal available at: https://docs.digitalenergy.io |
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| H.3 Technology used | textBlock | Key technological components include: • Blockchain layer: Polygon (Ethereum-compatible), hosting ERC-20 GEST smart contracts; • Smart contract infrastructure: Solidity-based non-custodial contracts enabling locking, data logging, and token functionality activation; • Data layer: Cloud-based e Blockchain Based monitoring system aggregating real-time and historical production data from renewable plants via IoT gateways; • Integration APIs: REST and Web3 APIs enabling interoperability with partner energy providers and external platforms; • Security layer: Multi-signature authorization, on-chain auditability, and adherence to best practices in Web3 security; This architecture ensures traceability, scalability, and operational reliability, while supporting future integration of additional renewable technologies and tokenized assets within the Digital Energy platform. |
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| H.4 Consensus mechanism | text | Validators on the Polygon network stake POL tokens to participate in the block validation process and are selected to propose and verify blocks based on their stake and reputation. This model significantly reduces the energy consumption associated with transaction validation compared to Proof-of-Work systems, while ensuring fast finality and low latency for on-chain operations. The consensus process ensures that all transactions involving GEST Tokens are secure, traceable, and immutable within the Polygon blockchain environment. |
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| H.5 Incentive mechanisms and applicable fees | text | Validators receive block rewards and transaction fees, denominated in POL, the native token of the Polygon ecosystem, as compensation for their participation in consensus and transaction validation. Interactions involving the Green Energy Sharing Token(GEST) and the related smart contracts require the payment of blockchain network transaction fees ("gas"), which are ultimately settled in POL on the Polygon network. The Digital Energy platform may facilitate such interactions through transaction abstraction mechanisms, including the sponsorship of gas fees on behalf of users. In these cases, users may be charged a platform service fee, denominated in fiat currency and payable through supported payment methods, to cover operational costs and platform services. Blockchain network fees are influenced by network conditions at the time of execution and are generally low, reflecting the efficiency and scalability of the Polygon PoS network. |
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| H.6 Use of distributed ledger technology | boolean | ||||
| H.7 DLT functionality description | textBlock | ||||
| Other token audit details | |||||
| H.8 Audit | boolean | ||||
| H.9 Audit outcome | textBlock | ||||
| Part I - Information on risks | |||||
| I.1 Offer-related risks | textBlock | Market Risk. GEST can be subject to significant price fluctuations based on supply-demand dynamics, market sentiment, and external macroeconomic factors. These may result in financial losses for token holders. Liquidity Risk. While a future admission to trading increases accessibility, liquidity is not guaranteed. Low trading volumes may result in high slippage or the inability to exit positions efficiently. Issuer Non-involvement in Trading. When GEST will be tradable on exchanges, the issuer does not act as a contractual party to these transactions. All legal relationships regarding these trading platforms are subject to their respective terms and conditions, with no responsibility assumed by the issuer for their operations and services. |
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| I.2 Issuer-related risks | textBlock | Operational Dependency Risk. The issuer relies on various infrastructure providers – including cloud services, validators, and custodial partners – to support its operations. Any interruption, failure, or termination of these relationships could adversely affect the functioning of the protocol or associated services. Reputational Risk. Negative publicity stemming from operational incidents, security breaches, or perceived associations with illicit activities could harm the issuer's public image, potentially reducing confidence in and demand for GEST Tokens. Internal Operations Risk. Weaknesses in the issuer's internal processes, human resources, or technology systems could impair the effective management of token operations. Failures in operational integrity may result in service disruptions, financial losses, or reputational harm. Legal and Regulatory Risk. Evolving legal frameworks, regulatory changes, or adverse legal proceedings may create uncertainty around the legality, usability, or valuation of GEST tokens, potentially restricting their circulation or acceptance. Competitive Market Risk. The Digital Energy platform operates in a highly dynamic and competitive market. Emerging innovative or better-capitalized competitors may offer alternative solutions that diminish user adoption or the market position of the Digital Energy ecosystem. Asset Lifecycle and Token Sustainability Risk. The renewable assets backing the Green Energy Sharing Token(GEST) may reach the end of their technical or contractual life, for example due to aging, expiration of surface rights, or replacement by newer technologies. Increased Costs. Delays or increased costs in replacing decommissioned assets could temporarily reduce energy production and affect token yield. The issuer mitigates this risk by maintaining adequate reserves and ensuring gradual rotation and diversification of energy sources. |
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| I.3 Other tokens-related risks | textBlock | Volatility Risk. As with most crypto-assets, GEST is subject to substantial short- and long-term price fluctuations. Market sentiment, liquidity shifts, and macroeconomic trends can all cause significant volatility, potentially resulting in GEST financial losses for holders. Liquidity Risk. Market depth and trading activity for GEST may vary over time. Limited order book participation could lead to price slippage or difficulty executing trades efficiently, particularly during periods of market stress. Technological Obsolescence Risk. The blockchain and crypto-asset sectors evolve rapidly. Innovations or competing protocols could surpass or replace the Digital Energy platform functionality, reducing GEST's adoption or relevance. Speculative Nature Risk. The value of GEST is highly speculative and depends on market demand, protocol adoption, validator participation, and community engagement. There are no guarantees of future value, performance, or rewards associated with the token. Blockchain Dependency Risk. GEST operates on public blockchains such as Polygon. Changes to their infrastructure, governance, consensus mechanisms, or transaction fees could affect GEST's usability, transferability, and cost efficiency. Security Risks. a) Smart Contract Vulnerabilities: Despite comprehensive audits, unforeseen bugs or vulnerabilities could compromise smart contract functionality, impacting token security, staking, or governance. b) Private Key Management: Token holders are solely responsible for safeguarding their wallets and private keys. Loss or compromise of credentials will irreversibly result in the loss of tokens. Fraud and Scam Risks. Holders face exposure to scams, phishing, impersonation, counterfeit tokens, and fake airdrops. Interacting with unverified platforms or unofficial channels significantly increases the risk of fraud or asset loss. Cybercrime and Theft Risks. Blockchain assets may be targeted by cyberattacks, including hacking, malware, or phishing. Breaches affecting wallets, exchanges, or smart contracts could lead to theft, loss of assets, or service disruption. Data Integrity Risk. Software bugs, human error, or malicious tampering could corrupt blockchain data, impacting transaction records, network reliability, and user confidence. Wallet and Storage Risk. Access to GEST requires compatible wallets. Incompatibility, network errors, or the shutdown of wallet providers may restrict users' ability to access, store, or transfer tokens. Regulatory and Compliance Risks. a) Evolving Legal Frameworks: Regulatory regimes governing digital assets are changing rapidly, potentially impacting GEST's classification, availability, or functionality. b) Jurisdictional Restrictions: Certain jurisdictions may limit or prohibit GEST trading or use, restricting accessibility for some users. c) Enforcement Actions: Regulators could take action if GEST were reclassified as an unregistered security or other regulated financial instrument. d) AML & CTF Risks: Transactions involving crypto-assets may be scrutinized for compliance with antimoney laundering and counterterrorism financing laws, potentially affecting users' ability to trade or transfer GEST. |
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| I.4 Project implementation-related risks | textBlock | Resource Constraint Risk. The successful development of the Digital Energy platform depends on the availability of adequate financial and human resources. Budget limitations, difficulties in attracting or retaining qualified technical personnel, or reliance on external or volunteer contributors could impede progress and delay protocol improvements. Competitive Risk. The Digital Energy platform operates in a rapidly evolving market. The emergence of more advanced, better-capitalized, or innovative competitors could reduce network adoption and negatively impact GEST's market position and value. Energy Asset Availability Risk. The successful implementation of the Digital Energy project depends on the issuer's ability to identify, acquire, or contract renewable energy assets suitable for tokenization. Limited Availability of Viable Plants. Competition for high-performing assets, or regulatory or permitting constraints may delay or reduce the pipeline of energy capacity. This could affect the pace of token issuance, impact the expected returns to token holders, or require adjustments to the platform's operational model. |
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| I.5 Technology-related risks | textBlock | Smart Contract Vulnerability Risk. Although the Digital Energy smart contracts have undergone extensive security audits, there remains a possibility of undetected bugs or exploitation through novel attack vectors. Such vulnerabilities could compromise token integrity, staking mechanisms, or governance processes. Fault-Tolerance and Incentive Mechanism Risk. GEST's operational model relies partly on user participation and incentive structures. Misconfigurations, design flaws, or unexpected failures in these mechanisms could lead to inconsistent performance or temporary instability in protocol operations. Private Key Management Risk. Token holders are solely responsible for the secure management of their private keys and recovery credentials. Loss, theft, or compromise of wallet access will irreversibly result in the loss of GEST tokens, as blockchain transactions cannot be reversed. External Infrastructure Dependency Risk. The functioning of the platform depends on third-party infrastructure providers, including RPC services, decentralized storage solutions, and agent orchestration frameworks. Downtime, cyberattacks, or incompatibility issues within these components could impact data availability, performance, or verification processes across the network. Technological and Coordination Failure Risk. Participants should be aware that technological malfunctions, software errors, or coordination breakdowns among validators, developers, or governance participants could impair the availability, security, or functionality of both the GEST Token and the Digital Energy platform. Digital Energy platform and Upgrade Risk. Ongoing platform maintenance, software updates, or protocol upgrades introduce a residual risk of unexpected bugs or compatibility issues. |
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| I.6 Mitigation measures | textBlock | a) Independent Smart Contract Audits: All smart contracts are subjected to multiple third-party security audits prior to deployment and after major upgrades. b) Bug Bounty Programs: Continuous bounty initiatives incentivize community reporting of vulnerabilities. Operational Resilience. a) Infrastructure Diversification: Multiple RPC providers, storage networks, and validator partners are employed to reduce reliance on any single provider. b) Incident Response Procedures: A structured monitoring and response framework enables rapid detection, containment, and resolution of potential security or operational incidents. c) Periodic Stress Testing: Protocol systems undergo regular performance and load testing to evaluate resilience under adverse conditions. Regulatory and Compliance Measures. a) Regulatory Monitoring: The issuer and foundation actively monitor evolving EU and international regulations, including MiCAR developments, to ensure continuous compliance. b) Legal Reviews: Ongoing external legal assessments help ensure that token operations remain consistent with applicable laws and regulatory classifications. Project Implementation a) Develop a diversified pipeline across geographies and technologies (solar, wind, hydro, storage). b) Where appropriate, use contractual rights to implement power plants instead of full asset acquisition. Market and Financial Controls. a) Treasury Management Policies: Treasury operations follow internal governance controls to ensure transparent use of funds and responsible liquidity management. Community and Transparency. a) Clear Documentation: documentation and informative materials are publicly accessible, enabling independent review. b) Continuous Communication: Regular updates through governance forums, community calls, and transparency reports ensure ongoing stakeholder engagement. |
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| Part J - Information on the sustainability indicators in relation to adverse impact on the climate and other environment-related adverse impacts | |||||
| J.1 Adverse impacts on climate and other environment-related adverse impacts | textBlock | ||||
| Mandatory information on principal adverse impacts on the climate and other environment-related adverse impacts of the consensus mechanism | |||||
| General information about adverse impacts | |||||
| S.1 Name | text | ||||
| S.2 Relevant legal entity identifier | text | ||||
| S.3 Name of the crypto-asset | text | ||||
| S.4 Consensus mechanism | text | ||||
| S.5 Incentive mechanisms and applicable fees | text | ||||
| S.6 Beginning of period to which disclosed information relates | date | ||||
| S.7 End of period to which disclosed information relates | date | ||||
| Mandatory key indicator | |||||
| S.8 Energy consumption | energy (kWh) | ||||
| Sources and methodologies | |||||
| S.9 Energy consumption sources and methodologies | textBlock | ||||
| Supplementary information on principal adverse impacts on climate and other environment-related adverse impacts of consensus mechanism | |||||
| Supplementary key indicators | |||||
| S.10 Renewable energy consumption | percent | ||||
| S.11 Energy intensity | energy (kWh) | ||||
| S.12 Scope 1 DLT GHG emissions - controlled | GHG emissions (tCO2e) | ||||
| S.13 Scope 2 DLT GHG emissions - purchased | GHG emissions (tCO2e) | ||||
| S.14 GHG intensity | GHG emissions (tCO2e) | ||||
| Sources and methodologies | |||||
| S.15 Key energy sources and methodologies | textBlock | ||||
| S.16 Key GHG sources and methodologies | textBlock | ||||
| Optional information on principal adverse impacts on the climate and on other environment-related adverse impacts of the consensus mechanism | |||||
| Optional indicators | |||||
| S. 17 Energy mix | percent | ||||
| S.18 Energy use reduction | |||||
| Energy use reduction target (absolute value) | energy (kWh) | ||||
| Energy use reduction target (percentage) | percent | ||||
| S.19 Carbon intensity (kgCO2e/kWh) | decimal | ||||
| S.20 Scope 3 DLT GHG emissions - value chain | GHG emissions (tCO2e) | ||||
| S.21 GHG emissions reduction targets or commitments | textBlock | ||||
| S.22 Generation of waste electrical and electronic equipment (WEEE) | mass (tonnes) | ||||
| S.23 Non-recycled WEEE ratio | percent | ||||
| S.24 Generation of hazardous waste | mass (tonnes) | ||||
| S.25 Generation of waste (all types) | mass (tonnes) | ||||
| S.26 Non-recycled waste ratio (all types) | percent | ||||
| S.27 Waste intensity (all types) | mass (tonnes) | ||||
| S.28 Waste reduction targets or commitments (all types) | textBlock | ||||
| S.29 Impact of use of equipment on natural resources | textBlock | ||||
| S.30 Natural resources use reduction targets or commitments | textBlock | ||||
| S.31 Water use | volume (m3) | ||||
| S.32 Non recycled water ratio | percent | ||||
| Sources and methodologies | |||||
| S.33 Other energy sources and methodologies | textBlock | ||||
| S.34 Other GHG sources and methodologies | textBlock | ||||
| S.35 Waste sources and methodologies | textBlock | ||||
| S.36 Natural resources sources and methodologies | textBlock | ||||