· The social, governance, and environmental impact of cryptocurrency encompasses both new opportunities and challenges
· A new accelerator dedicated to shaping the future of crypto-enabled Environmental, Social and Governance (ESG) efforts aims to bring key players and industry leaders together to shape a more inclusive future
· The Accelerator aims to make progress on ESG targets by generating projects, learning, and leadership focused on advancing crypto-enabled efforts worldwide
Geneva, Switzerland, 14 January 2022 – Environmental and social impact is top of mind for investors as climate change and social cohesion top the list of Global Risks 2022.
Cryptocurrencies provide both new opportunities and new challenges related to ESG across a diverse and often-fragmented ecosystem.
To support the global efforts to accelerate the development and responsible use of cryptocurrency, the World Economic Forum, in collaboration with CoinDesk, announced today the Crypto Impact & Sustainability Accelerator (CISA).
CISA is designed to harmonize, enhance, and advance crypto-enabled ESG efforts across the globe. It aims to bring together a vibrant ecosystem around a uniform set of ESG goals through projects across three pillars that advance learning and enable leadership focused on diverse geographies. These include a digital ethnography of crypto-enabled financial inclusion efforts, the development of a toolkit on decentralized autonomous organizations, and the management of a workshop series focused on the intersection of crypto and net-zero efforts.
“The crypto ecosystem is expected to see massive worldwide adoption over the next few years,” said Sheila Warren, Head of Blockchain at the World Economic Forum. “There is an opportunity to shape an inclusive and sustainable future to ensure we maximize the benefits and minimize the risks ahead. This project aims to bring together leaders to accomplish just this.”
The Accelerator will bring together private companies, government representatives, academics, international organizations, experts, NGOs, in multistakeholder projects to further the global ESG agenda with actionable measures. Community members include Andreesen Horowitz, Celo, Chainalysis, CoinDesk, Coinshares, Ernst and Young, Goldman Sachs, Grayscale Capital, Ripple, and the Stellar Development Foundation.
“The world’s environmental, social and governance challenges defy national jurisdictions, corporate structures and any form of centralized authority,” said Michael Casey, Chief Content Officer at CoinDesk. “We need decentralized information solutions that are uniformly trusted by governments, companies, investors and the general public to inform reliable resource decisions that attack those problems. CoinDesk is thrilled to support CISA’s role in gathering a global, multi-stakeholder community to advance these kinds of crypto ESG solutions.”
About The Davos Agenda 2022
For over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Davos Agenda 2022 is the focal point at the start of the year for leaders to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform to accelerate the partnerships needed to tackle shared challenges and shape a more sustainable and inclusive future. Learn more about the programme and view sessions live and on-demand.
Notes to editors:
How to follow Davos Agenda 2022 and watch sessions
Explore more about the Crypto Impact & Sustainability Accelerator and the Forum’s Blockchain and Digital Assets Platform
More information on Centre for The Fourth Industrial Revolution
Learn about the Forum’s impact and explore the Strategic Intelligence platform
Read the Forum Agenda news site also in Mandarin | Japanese
Social media handles: @wef@davos on Twitter | Instagram | LinkedIn | TikTok | Facebook
Watch Forum videos and view Forum photos
Subscribe to Forum news releases and Podcast