A green future: how the cryptoasset sector can embrace ESG
We are delighted to have worked with leading payments platform Paysafe on an important new report: A green future: How the crypto asset sector can embrace ESG on the key environmental, social and governance (ESG) considerations for the cryptoasset industry. As new technology continues to transform financial markets, ESG principles are central to responsible innovation. Building them into the foundation of new technologies and future financial ecosystems is essential. However, there is still a lack of clarity for market participants around what best practice looks like, and the specific legal and regulatory frameworks that will drive change are largely still being developed. This report is an important addition to the ESG discussion as it captures legal, consumer and policy approaches and looks beyond the environmental impact which is often the focus in this space. We believe that clearer, more robust frameworks can be developed by policymakers to help our clients navigate the complex world of ESG considerations in the cryptoasset markets and achieve their ESG goals. The report includes five key policy recommendations to drive change and improve ESG outcomes in the crypto space. Implementing these recommendations would help the UK maintain its position as a leading hub for technology and innovation and cement its position as a leader in the development of ESG standards.