DevvStream Boosts Carbon Offset Initiative Through E-Commerce Partnerships
DevvStream (NASDAQ: DEVS) has announced a significant expansion of its e-commerce sustainability strategy through new partnerships to accelerate adoption of its D-PIVOT carbon offset tool. The tool, available on Shopify, allows consumers to offset their online purchases' carbon footprint by supporting verified environmental projects.
The company has formed strategic partnerships with Zing (e-commerce marketing/software) and Minimus Fulfillment (3PL provider) to drive rapid scale across the Shopify ecosystem, which powers approximately 28% of U.S. online stores. This initiative targets the growing U.S. 3PL market, which generated $299.5 billion in 2023 and is projected to exceed $350 billion by 2030, alongside the digital advertising agency market, expected to reach $52.4 billion in 2024.
Through these partnerships, DevvStream aims to embed sustainability into online transactions at scale, leveraging its inventory of several million high-quality carbon credits while providing businesses with a seamless sustainability solution for environmentally conscious customers.
DevvStream (NASDAQ: DEVS) ha annunciato un'importante espansione della sua strategia di sostenibilità nell'e-commerce attraverso nuove partnership per accelerare l'adozione del suo strumento di compensazione delle emissioni di carbonio D-PIVOT. Questo strumento, disponibile su Shopify, consente ai consumatori di compensare l'impronta di carbonio dei loro acquisti online sostenendo progetti ambientali verificati.
L'azienda ha stretto partnership strategiche con Zing (marketing/software per e-commerce) e Minimus Fulfillment (fornitore 3PL) per accelerare la crescita all'interno dell'ecosistema Shopify, che alimenta circa il 28% dei negozi online negli Stati Uniti. Questa iniziativa si rivolge al crescente mercato 3PL statunitense, che ha generato 299,5 miliardi di dollari nel 2023 e si prevede supererà i 350 miliardi di dollari entro il 2030, insieme al mercato delle agenzie di pubblicità digitale, che dovrebbe raggiungere i 52,4 miliardi di dollari nel 2024.
Attraverso queste partnership, DevvStream mira a integrare la sostenibilità nelle transazioni online su larga scala, sfruttando il suo inventario di diversi milioni di crediti di carbonio di alta qualità, offrendo al contempo alle aziende una soluzione di sostenibilità fluida per clienti attenti all'ambiente.
DevvStream (NASDAQ: DEVS) ha anunciado una expansión significativa de su estrategia de sostenibilidad en el comercio electrónico a través de nuevas asociaciones para acelerar la adopción de su herramienta de compensación de carbono D-PIVOT. La herramienta, disponible en Shopify, permite a los consumidores compensar la huella de carbono de sus compras en línea apoyando proyectos ambientales verificados.
La compañía ha formado asociaciones estratégicas con Zing (marketing/software de comercio electrónico) y Minimus Fulfillment (proveedor 3PL) para impulsar una rápida escalabilidad en el ecosistema de Shopify, que alimenta aproximadamente el 28% de las tiendas en línea de EE.UU. Esta iniciativa tiene como objetivo el creciente mercado 3PL de EE.UU., que generó 299.5 mil millones de dólares en 2023 y se proyecta que superará los 350 mil millones de dólares para 2030, junto con el mercado de agencias de publicidad digital, que se espera alcance los 52.4 mil millones de dólares en 2024.
A través de estas asociaciones, DevvStream busca integrar la sostenibilidad en las transacciones en línea a gran escala, aprovechando su inventario de varios millones de créditos de carbono de alta calidad, al tiempo que proporciona a las empresas una solución de sostenibilidad sin problemas para clientes conscientes del medio ambiente.
DevvStream (NASDAQ: DEVS)는 D-PIVOT 탄소 상쇄 도구의 채택을 가속화하기 위해 새로운 파트너십을 통해 전자상거래 지속 가능성 전략의 중요한 확장을 발표했습니다. Shopify에서 제공되는 이 도구는 소비자가 검증된 환경 프로젝트를 지원함으로써 온라인 구매의 탄소 발자국을 상쇄할 수 있도록 합니다.
회사는 Zing(전자상거래 마케팅/소프트웨어) 및 Minimus Fulfillment(3PL 제공업체)와 전략적 파트너십을 체결하여 미국 온라인 상점의 약 28%를 지원하는 Shopify 생태계 전반에서 빠른 확장을 추진하고 있습니다. 이 이니셔티브는 2023년에 2995억 달러를 생성한 미국 3PL 시장을 겨냥하고 있으며, 2030년까지 3500억 달러를 초과할 것으로 예상됩니다. 또한, 디지털 광고 대행사 시장은 2024년까지 524억 달러에 이를 것으로 예상됩니다.
이 파트너십을 통해 DevvStream은 온라인 거래에서 지속 가능성을 대규모로 통합하고, 수백만 개의 고품질 탄소 크레딧 재고를 활용하여 환경을 생각하는 고객을 위한 원활한 지속 가능성 솔루션을 기업에 제공하는 것을 목표로 하고 있습니다.
DevvStream (NASDAQ: DEVS) a annoncé une expansion significative de sa stratégie de durabilité dans le commerce électronique grâce à de nouveaux partenariats visant à accélérer l'adoption de son outil de compensation carbone D-PIVOT. Cet outil, disponible sur Shopify, permet aux consommateurs de compenser l'empreinte carbone de leurs achats en ligne en soutenant des projets environnementaux vérifiés.
L'entreprise a formé des partenariats stratégiques avec Zing (marketing/logiciel e-commerce) et Minimus Fulfillment (fournisseur 3PL) pour favoriser une montée en puissance rapide au sein de l'écosystème Shopify, qui alimente environ 28 % des boutiques en ligne aux États-Unis. Cette initiative cible le marché 3PL américain en pleine croissance, qui a généré 299,5 milliards de dollars en 2023 et devrait dépasser 350 milliards de dollars d'ici 2030, ainsi que le marché des agences de publicité numérique, qui devrait atteindre 52,4 milliards de dollars en 2024.
Grâce à ces partenariats, DevvStream vise à intégrer la durabilité dans les transactions en ligne à grande échelle, en tirant parti de son inventaire de plusieurs millions de crédits carbone de haute qualité tout en offrant aux entreprises une solution de durabilité fluide pour les clients soucieux de l'environnement.
DevvStream (NASDAQ: DEVS) hat eine bedeutende Erweiterung seiner Nachhaltigkeitsstrategie im E-Commerce durch neue Partnerschaften angekündigt, um die Einführung seines D-PIVOT-CO2-Ausgleichs-Tools zu beschleunigen. Das auf Shopify verfügbare Tool ermöglicht es Verbrauchern, den CO2-Fußabdruck ihrer Online-Einkäufe auszugleichen, indem sie verifizierte Umweltprojekte unterstützen.
Das Unternehmen hat strategische Partnerschaften mit Zing (E-Commerce-Marketing/Software) und Minimus Fulfillment (3PL-Anbieter) geschlossen, um eine schnelle Skalierung im Shopify-Ökosystem voranzutreiben, das etwa 28% der Online-Shops in den USA betreibt. Diese Initiative zielt auf den wachsenden US-3PL-Markt ab, der 2023 299,5 Milliarden Dollar generierte und voraussichtlich bis 2030 350 Milliarden Dollar überschreiten wird, sowie auf den Markt für digitale Werbeagenturen, der 2024 voraussichtlich 52,4 Milliarden Dollar erreichen wird.
Durch diese Partnerschaften möchte DevvStream Nachhaltigkeit in großem Maßstab in Online-Transaktionen integrieren und dabei sein Inventar von mehreren Millionen hochwertigen CO2-Zertifikaten nutzen, während es Unternehmen eine nahtlose Nachhaltigkeitslösung für umweltbewusste Kunden bietet.
- Access to large market opportunity with U.S. 3PL sector ($299.5B in 2023)
- Strategic partnerships with Zing and Minimus Fulfillment expand market reach
- Company holds inventory of several million carbon credits
- Targets growing digital advertising market ($52.4B expected in 2024)
- Integration with Shopify platform reaches 28% of U.S. online stores
- Revenue impact and adoption rates of D-PIVOT tool not yet disclosed
- Monetization strategy and pricing details not specified
Insights
DevvStream's strategic partnerships with e-commerce service providers represent a calculated market positioning to monetize its carbon credit inventory through its D-PIVOT tool. The company is executing an intelligent distribution strategy by targeting channel partners rather than pursuing direct-to-consumer adoption, which should accelerate scale with lower customer acquisition costs.
The partnerships with Zing and Minimus Fulfillment provide DevvStream with immediate access to established customer bases in the Shopify ecosystem, which powers 28% of U.S. online stores. This approach creates multiple revenue streams while minimizing direct sales overhead. The company is essentially embedding its offering into existing e-commerce infrastructure rather than building parallel systems.
What's particularly significant is DevvStream's move to monetize its "several million" carbon credits through high-volume, low-friction transactions. By integrating at the checkout level across potentially thousands of storefronts, the company creates a passive distribution network for its environmental assets.
The targeted market segments show impressive growth trajectories – the 3PL sector generating
DevvStream's D-PIVOT integration represents a significant advancement in mainstreaming voluntary carbon offsetting by embedding it directly within e-commerce transactions. The platform's focus on verified, high-integrity projects including clean water access, rainforest preservation, and indigenous-led conservation addresses growing consumer demands for transparency in environmental claims.
What makes this approach notable is how it reduces friction in consumer participation. Rather than requiring separate transactions or dedicated platforms for carbon offsets, D-PIVOT integrates sustainability directly into existing purchasing behaviors. This embedded approach has historically shown higher adoption rates than standalone offset programs.
The partnership strategy is particularly effective for scaling environmental impact. By working with 3PL providers like Minimus Fulfillment, DevvStream targets shipping – often the most carbon-intensive aspect of e-commerce. This creates alignment between sustainability goals and operational realities for online retailers.
The Shopify app store distribution mechanism provides built-in credibility while simplifying merchant adoption. Through these partnerships, DevvStream is effectively creating a decentralized network for climate action that operates alongside normal commerce rather than requiring separate consumer behavior changes – a model that has proven more sustainable for long-term engagement with environmental initiatives.
Partnering with e-commerce agencies, technology integrators, and 3PL providers to drive adoption of its D-PIVOT carbon offset tool across Shopify storefronts
New agreements with Zing (e-commerce marketing/software) and Minimus Fulfillment (3PL for celebrity and creator brands) strengthen DevvStream's leadership in the carbon offset market
Calgary, Alberta--(Newsfile Corp. - March 18, 2025) - DevvStream Corp. (NASDAQ: DEVS) ("DevvStream" or the "Company"), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced a major expansion of its e-commerce sustainability strategy through partnerships designed to accelerate adoption and revenue growth for its previously announced DevvStream Personal Impact Voluntary Offset Tool ("D-PIVOT").
D-PIVOT is a free Shopify-integrated software tool that enables consumers to offset the carbon footprint of their online purchases by supporting verified, high-integrity environmental projects, including clean water access, rainforest preservation, and indigenous-led conservation programs. It is made available primarily through wholesalers, fulfillment providers, and distributors, allowing businesses to offer a seamless sustainability solution for environmentally conscious customers. D-PIVOT can be found at https://apps.shopify.com/carbon-emissions.
By forming strategic partnerships with e-commerce marketing agencies, technology integrators, and third-party logistics ("3PL") providers, DevvStream is positioned to drive rapid scale across the Shopify ecosystem, which powers approximately
Strategic Market Opportunity: Tapping into High-Growth E-Commerce Sectors
E-commerce continues to be a dominant force in U.S. retail, with logistics, marketing, and technology integration services growing at an accelerated rate. This represents a major revenue opportunity for DevvStream:
Third-Party Logistics Providers: The U.S. 3PL market generated approximately
$299.5 billion in gross revenue in 2023, with projections exceeding$350 billion by 2030. Parcel shipments are growing by5% annually, creating an ongoing need for sustainable shipping solutions.E-Commerce Marketing & Media Agencies: The U.S. digital advertising agency market is expected to generate
$52.4 billion in revenue in 2024, up10.3% year-over-year, reflecting continued investment in e-commerce brands.
With D-PIVOT, DevvStream is positioned to capitalize on these trends by embedding sustainability into online transactions at scale.
Partnerships with Zing and Minimus Fulfillment: Scaling DevvStream's Reach Across Shopify
To accelerate market penetration, DevvStream has signed agreements with two leading companies. These partnerships are expected to facilitate the introduction of D-PIVOT to online retailers looking to enhance their sustainability efforts.
- Zing, an e-commerce marketing and software development company, provides access to a diverse portfolio of online brands seeking sustainability integrations.
- Minimus Fulfillment, a leading 3PL provider serving high-profile clients, provides DevvStream with access to retailers actively looking for sustainability-friendly shipping solutions.
"Partnering with Zing and Minimus Fulfillment represents a major step forward in our mission to make carbon offsetting accessible at the point of purchase," said Sunny Trinh, CEO of DevvStream. "With e-commerce reshaping consumer habits, this initiative enables us to scale revenue while embedding sustainability into everyday transactions. By collaborating with key players in the online retail ecosystem, we can scale D-PIVOT's impact and empower businesses to offer meaningful climate action to their customers."
"At Zing, we work with a diverse portfolio of e-commerce brands that are constantly looking for innovative ways to enhance customer experience and align with consumer values," said Dan Melnick, CEO and Co-Founder of Zing. "Integrating DevvStream's D-PIVOT solution allows our clients to offer seamless carbon offset options at checkout, adding both sustainability and customer engagement benefits. DevvStream's expertise in high-integrity carbon credits makes them the ideal partner for this initiative, ensuring that the offsets are both impactful and transparent."
"Minimus Fulfillment is excited to be working with the D-PIVOT Shopify plugin to offer it to our fulfillment clients," said Paul Shrater, CEO of Minimus Fulfillment. "We enjoy sharing unique opportunities that can enhance our client's businesses as we view them as client-partners and not just as a client/vendor relationship. Consumers, more so than ever, are looking for ways to feel an emotional connection to the brands they purchase from, and by providing a way for them to offset the carbon footprint of their purchases, brands can bring this experience to their customers in a trusted way, utilizing highly vetted carbon credits from a plugin developed by the only carbon credit company that is public on the Nasdaq exchange."
For further details or to explore partnership opportunities, contact info@devvstream.com.
About DevvStream
Founded in 2021, DevvStream is a leading authority in the use of technology in carbon project development. The Company's mission is to create alignment between sustainability and profitability, helping organizations achieve their climate initiatives while directly improving their financial health.
With a diverse approach to the carbon market, DevvStream operates across three strategic domains: (1) an offset portfolio consisting of nature-based, tech-based, and carbon sequestration credits for immediate sale to corporations and governments seeking to offset their most difficult-to-reduce emissions; (2) project investment, acquisitions, and industry consolidation to extend the company's reach, allowing it to become a full end-to-end solutions provider; and (3) project development, where the company serves as project manager for eligible activities such as EV charging in exchange for a percentage of generated credits.
For more information, please visit www.devvstream.com.
About Zing
Zing drives growth for its clients with e-commerce marketing, custom software development, and AI solutions to boost revenue. The company's expertise is in SEO, website development, email marketing, ad management, social media posting, and backend development. Learn more at https://myzing.io/.
About Minimus Fulfillment
Minimus Fulfillment is a division of Minimus.biz, previously ranked in the top 1000 highest-grossing B2C e-commerce businesses and top 300 B2B businesses in the U.S. Minimus Fulfillment brings its own entrepreneurial approach to its fulfillment division clients, viewing itself as a "part of the team" and not just a vendor. Minimus Fulfillment works across a variety of product categories for fulfillment, including (but not limited to) apparel, shelf-stable foods, beauty, and electronics. Learn more at http://www.minimusfulfillment.biz/.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-Looking statements are statements that are not historical facts and generally relate to future events, trends or DevvStream's future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements include statements regarding DevvStream's intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, DevvStream's ability to continue as a going concern and to realize the benefits of its recently completed business combination, DevvStream's ability to remain listed on Nasdaq, the volatility of the market price and the liquidity of DevvStream's common shares, the impact from future regulatory, judicial, legislative or regulatory changes in DevvStream's industry, the trends in the carbon credit markets, future performance and anticipated financial impacts of certain transactions by DevvStream or others, the growth and value of the global carbon credit or I-REC market traded value, the potential of carbon credits to provide carbon emission reductions and reduce carbon emissions to limit global warming, estimated CO2 capture, sequestration, decarbonization or storage capacities or potentials of different projects in which DevvStream is investing, or DevvStream's opportunity pipeline and the ability of such opportunities to generate I-RECs, carbon credits, or tax credits each year, or the market growth and value of these markets, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DevvStream and its management are inherently uncertain and subject to material change. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties.
These forward-looking statements are expressed in good faith, and DevvStream believes there is a reasonable basis for them. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-Looking statements speak only as of the date they are made, and DevvStream is under no obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Readers should carefully review the statements set forth in filings made by, or to be made by, DevvStream from time to time with the SEC and with the Canadian securities regulatory authorities. This news release is not an offer to sell or the solicitation of an offer to buy, any securities of DevvStream and this news release is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in DevvStream. All subsequent written and oral forward-looking statements concerning DevvStream or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.
Contact
ir@devvstream.com
Phone: (408) 365-4348
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245008
FAQ
What is DevvStream's D-PIVOT tool and how does it work with Shopify?
How large is DEVS's target market in the U.S. 3PL sector?
Which key partnerships did DEVS announce for its carbon offset initiative?
What percentage of U.S. online stores can DEVS reach through Shopify?
