This unique Web 3 collaboration between the network and the ecosystem, powered by block chain It will provide transparency and verifiability in sustainability goal setting and reporting.
NEW YORK–(BUSINESS WIRE)–holona next generation investment manager and data warehouse provider Web 3 and Filecoin Greena Protocol Labs initiative to decarbonize the Filecoin network, today announced the release of its first comprehensive Web 3 Environmental, Social and Governance (ESG) report.
this reportrevealed in the Sustainable Blockchain Summit in Paris, establishes a model of ESG objectives and actions among storage providers. As a collaborative effort between storage providers and the network, enabled by block chain technology, this ESG report sets a new standard for accountability for sustainability claims.
The report is based on the last twelve months of Filecoin network activity and details how Holon, as one of its storage providers, will contribute to reaching 100% renewable electricity purchases by the end of fiscal 2025, a commitment embedded in the Filecoin Green Pledge. Filecoin Green is committed to empowering transparent sustainability monitoring and reporting among storage providers. Currently, the data storage industry consumes two percent of all electricity globally. This report demonstrates the opportunities offered by Web 3 technologies and processes for the industry to improve environmental, social, and governance efforts.
Traditional ESG Web 2.0 systems are voluntary and lack standardization. The open source nature of Blockchain allows investors to view granular energy usage metrics in real time and verify sustainability claims, combating greenwashing and providing a model for sustainability transactions across economies.
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“This report takes ESG efforts to the next level, harnessing the power of Web 3 and opening up myriad possibilities for further climate action, encouraging investors to redefine their expectations for sustainability accounting,” says Alan Ransil, Filecoin Green Project. Lead. “We aspire to help other storage providers in our network break down the tangible efforts they can take to improve their sustainability, embracing a new standard of granularity, verifiability and accountability.”
Holon is investing in and building Web 3 infrastructure, including implementing data storage on the Filecoin network in the Australia-Pacific region. Holon is guided by Filecoin Green’s Green Storage Provider Guide, which applies a tiered approach to sustainability claims to address energy inefficiencies in a verifiable and transparent manner. As an Australian storage provider, Holon faces volatile and often high energy prices and limited access to clean energy alternatives. australia currently ranges the penultimate of twenty-four developed countries in emissions and renewable energy infrastructure.
“A country like Australia is a great environment to become a leading renewable energy nation and we are way behind and need to invest in this now. A framework like this is the engine of action and we must have both awareness and responsibility if we want to create a positive climate impact”, says Heath Behncke, founder of Holon.
Corporations, regulators, and consumers care about ESG issues, and investors simply can’t shut them out. The Filecoin data storage system is one of the most important Web 3 technologies that will underpin the next generation of the Internet. It recognizes that the future must place the environment, the social and governance at its center.
Through this report, Holon and Filecoin Green provide guidance for energy-intensive industries to set and meet sustainability goals in a verifiable and transparent manner. This ESG report is unique in illustrating the collaboration between companies and investor groups, exerting their investment power and their contribution to the ecosystem to drive and generate positive ESG results.
Holon is a next generation asset manager and Web 3.0 data storage provider. We believe that innovation drives wealth creation, and everyone should have access to invest in the best companies and technology of today, tomorrow and the future. For more information visit www.holon.inversiones.
Holon Global Innovations Pty Ltd (HGI) is a wholly owned subsidiary of Holon Global Investments Limited. HGI is a Filecoin (FIL) storage provider and is positioned as a major player in the field of decentralized FIL data storage for Asia Pacific.
ABOUT GREEN FILECOIN
Filecoin Green is an initiative by Protocol Labs to decarbonize the Filecoin network. The initiative spearheads a verifiable clean energy future powered by crypto. By marrying the granular tracking functionality of blockchain with the information exchange infrastructure of Web3, Filecoin Green will incentivize its network to reduce emissions. Starting with the decarbonization of the Filecoin Network, the initiative then aims to build open source tools that measurably measure and mitigate the emissions generated by crypto-related activity. Filecoin Green aspires to demonstrate that clean blockchain is not an aspiration, but a reality. To learn more about Filecoin Green’s mission, visit filecoin.io.
Green Filecoin Antenna
Head of Content and Media – Holon