According to a PricewaterhouseCoopers report from late-2022, a large portion of institutional money in the world has an ESG mandate. Global ESG-related assets under management (AUM) are projected to reach $33.9 trillion by 2026, constituting 21.5% of total global AUM, according to a late-2022 report from PricewaterhouseCoopers.

ESG is a must for blockchain companies that want to attract institutional dollars.

This article is an excerpt from CoinDesk’s first Consensus @ Consensus Report. It was the result of intimate and curated group discussions which took place during Consensus. Download the complete report by clicking here.

Participants in a Consensus roundtable were optimistic about ESG, and the participants embraced it rather than hid from it.

Some people believe that the best solution to climate change is to encourage the adoption of Proof-of-Stake (PoS), which requires users to pledge their assets in order for them become transaction validators. Just over half of the Consensus attendees that responded to an electronic survey chose this option as the best way to address climate change.

One attendee who was a professional in Washington said, “Proof of work versus proof-of stake will just fly over many Washingtonians’ heads,” during the discussion. The first step is to use blockchain as a utility in order to solve real world problems.


Although there was no consensus among attendees on certain key issues, such as whether or not blockchains should abandon the carbon-intensive mining process, they did agree on the disconnect between crypto industry and regulators.

There are very few areas where crypto could reach consensus on the ESG mandate unless it learns to speak Washington D.C.’s language and can converse with those in Capitol Hill.