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- VeChain has partnered with global leader Boston Consulting Group to help drive blockchain adoption in its sustainability initiative.
- This growing industry has attracted over $75 billion in climate transition funds in 2022, a 29 percent increase from 2021, and is projected to keep rising.
Earlier this year, Vechain partnered with Boston Consulting Group (BCG) as it sought for a corporate global leader to accelerate its climate and sustainability initiative. VeChain has been committed to promoting the agenda of Environmental, Social, and Governance (ESG) in the last few years and has consequently launched a number of technological services and products to address these issues.
As CNF reported, in May, VeChain collaborated with BCG to unveil its new sustainability-focused whitepaper ‘Web3 For Better’ as part of its effort to bring blockchain adoption to billions of people and companies. The paper highlighted its new development tools to understand why enterprises should seek its blockchain and its native token VET to achieve their sustainability goals.
We recently launched our whitepaper, co-developed with Boston Consulting Group, detailing our approach to solving global #sustainability challenges with #blockchain.
Below, we summarise how $VET will lead real-world #web3 adoption & meet #ESG/#SDG goals:https://t.co/bReeFwve63 pic.twitter.com/aCcQkTicFe
— vechain (@vechainofficial) March 24, 2023
VeChain has previously noted that it aims to build a Blockchain Biosphere, ”a modular series of ‘ecosystems’ consisting of stakeholders, from individuals to enterprises, tackling specific sustainability challenges that utilize ‘nudge economics’ to drive desired outcomes.”
BCG has an incredible reputation in the ESG/sustainability field working with market leaders and some of the largest companies in the world. In May, BCG held a private event with 1800+ leaders from global enterprises. Interestingly, VeChain was the only blockchain project invited. The reasons for choosing VeChain remain clear.
A recent report by BCG shows that fundraising for climate transition funds reached $75 billion in 2022, a 29 percent increase from 2021. Based on this, the consulting firm notes;
By allocating to climate funds, or by co-investing or directly investing in climate projects, asset owners can advance the net zero transition in several ways.
Fast-growing, ever-more important, the sustainability movement is unstoppable.
The circular economy & responsible re-use of resources is core to this transition.
Working with global leaders like @BCG is key to the goal.
#vechain is the truth layer that ties it all together.
These initiatives will be key to the growth of the project’s native token VET. At the time of press, VET is trading for $0.01628943 after a marginal increase of less than 1 percent in the last 24 hours. In the last 2 years, the token has lost nearly 95 percent since it reached its all-time high of $0.280991 in 2021.
