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Holon and Filecoin Green, Web3 Data Storage Services and Next Generation Investment Managers, are initiatives to decarbonize the Filecoin ecosystem and have published one of the first complete Web3 Environment, Society and Governance (ESG) reports. press release..
This report sets new standards for storage service provider ESG action and targeting models, and sustainability as a collaborative effort.
Filecoin has promised to reach 100% renewable electricity by the end of fiscal year 2025. The data storage industry currently consumes only 2 percent of the world’s total electricity.
This report highlights the opportunities Web3 processes and technologies offer to improve ESG efforts.
Traditional Web2ESG systems are non-standardized and arbitrary. The open nature of blockchain allows investors to view detailed energy usage indicators in real time, validate sustainability claims and fight greenwashing in the process. Filecoin Green’s Alan Ransil said:
This report takes ESG efforts to the next level, opens up countless possibilities for strengthening climate change measures, and harnesses the power of Web3 to redefine investors’ expectations for sustainability accounting. I urge you.
FilecoinGreen’s Green Guide guides Holon and applies a step-by-step approach to sustainability claims to handle energy inefficiencies in a transparent and verifiable manner.
Holon is an Australian storage provider, often facing high and variable energy costs and limited access to clean energy alternatives. Australia is one of the lowest ranked developed countries in terms of renewable energy infrastructure.
Holon founder Heath Behncke said:
Australia can become a major renewable energy country, but we are still far behind. Such frameworks can take action. Both accountability and awareness are needed to have a positive impact on the climate.
Regulators, businesses and consumers believe ESG issues are important and investors cannot afford to keep ignoring them.
The Filecoin data storage system is one of the most useful Web3 technologies to support the next generation of the Internet. We are aware of the fact that ESG must remain at the core of the future.
