Reinventing Sustainability for the Digital Age: ESG and the Promise of Web3

Is there a connection between ESG (environmental, social, and governance) and web3? While the relationship is still developing, there are promising signs. Web3 technologies like blockchain and cryptocurrencies are addressing environmental concerns and exploring ways to track supply chains and promote sustainability. Companies such as Dapper Labs, Rarible, Coinbase, and Algorand Foundation are taking steps towards disclosing environmental impact and integrating ESG considerations. However, governance challenges within web3 persist. Developing tailored ESG reporting frameworks for web3 companies is an opportunity for further progress. Embracing ESG can enhance transparency, attract investors, and contribute to a more sustainable future.