4. Decentralizing, Demonstrating, Democratizing ESG - Taipei 2023

[Music] okay uh good morning everyone including David and Noah and Vivian and uh taka uh uh I'm ni Chen I'm the uh former chairperson uh of uh National Communications Commission I'm the former Minister and right now I'm The Honorable honorary uh chairperson of uh tab so uh today uh thank you for having me here and I would like to use a few minutes to share some thoughts about the uh decentralizing demonstrating and democratizing ESG I think that's a very important uh uh topic and I think that will be a potential uh uh usage important usage about blockchain uh especially during uh this time right now the C 28 is in debay right now so um sdg development in uh 2015 the United Nation released Transforming Our word the two uh 2030 agenda for a sustainable development as a guiding framework this agenda focus on critical connection among people the planet the prospect Prosperity peace and Partnerships to Foster the global unity and introduce the sustain uh sustainable devel velopment goals which are sdgs comprising 17 cor goals and 169 specified targets so hundreds of indicators have since been established to Major progress environmental sustainability governance in compressing ESG has become an all encompassing issue for domestic and in and international Enterprise taiwan's Financial supervisory commission has collaborated with the financial and the capital markets to declare blueprints including construction and ESG ecosystem meanwhile apart from the leading slides taken by the European Union taiwan's National Development Council also announced the 20150 Net Zero carbon paway plan the trend towards decentralize uh decentralization of public goods however the current ESG landscape faces challenges of unreliable data OPEC funding re relatively efficient operation and Etc the decentralized nature of blockchain aligns with the need to aggregate collective intelligence to optimize consensus which regulatory standards are yet to be fully clarified it represents the best approach to form standards from the group up group up the bottom of aiming to initiate a conference that Sparks further discussion and Builds an equitable and mutually beneficial platform for all we can say that the ESG digital transformation wave is looming with blockchain technology acting as a catalyst to drive the integration of ESG and the digital transformation Beyond its intensive applications in the metaverse and decentralized finance blockchain is poised to become the next Frontier in the web stre new economy particularly in the decentralized decentralization of public goods what is deg we can see some cases which include kind of invest investment by corporate Enterprise empowered ex uh execution of charitable by uh charitable actions and uh subsequent uh certification of sustainable benefits by thirdparty organizations create a sustainable and traceable impact ecosystem blockchain can meet the needs of ESG through its capability in fulfilling the requirements of 3T which are trust transparency transability and mrv which are measurement reporting and verification to promote the concept and value application of DSG to more individuals and organizations tabe has launched the Taiwan decentralized sustainable development Alliance named deg in September 2022 and also organized the decentralized uh sustain sustainable development Forum 2022 and the 2023 why and how do we do it the deg concept leverages core technological Concepts to Advocate the blockchain 3D carries uh car characteristic supporting esg's requirement for measurement reporting and verification ensuring The Trusted discrimination of ESG information blockchain's essential 3D characteristic trust immutable Ledger records ensure data credibility after being uploaded transparency open accessibility of information after being uploaded ensure transparency tracability retention of Records on the Chain allows for tracking and the tracing so ESG requires long-term monitor of sustainable impact utilizing realtime tracking and certification and the ESG reports by Enterprise needs to be adhere to mrv indicators to establish the digital trust take green in power lab which is comprised with of good point exchange and National Taiwan University the team is right now in Dubai to share the experience as an example the three arrows of urban Net Zero governance Green Trust material green Empower model Green P and the green CS aimed Global Trends in sustainable development and the nzero transformation focusing on the sdgs they advocate for blockchain 3D and ESG mrv mechanism DG focuses on impact certification sustainable Financial investment and ESG solution and the case analysis such as blockchain plus DG and hypers certs and the BNS attestation how they assist in low carbon tracing for instance if a company commits to planting uh 100,000 trees in the next 10 years they can obtain philanthropic certification on hypers certs when the trees are actually planted they can acquire tree planted nfts and the record the fulfilling commitments will be written on the blockchain through workshop and case sharing we contain a discuss to the impact and assistance of blockchain decentralization in transparency trust and tracability on sustainable development by collectively establish uh establishing sustainable useth cases for Taiwan through Workshop among blockchain Enthusiast and replace uh uh replicating diffusion and the transferring paradigms more Taiwanese Enterprise and a sustainable development organization can join new word in the era of wb3 with new technologies comes the need for in Innovative approaches of course the adoption of these Techni uh Tech technological application requires time and case validation adopting a decentralized structure could be one of the potential Solutions our continuous collaboration and effort and for a collectivity better future so our aspirations are include first of course to empower Taiwanese Enterprise with more impactable outcomes through additional public open- Source tools like hypers certs and the second to combine resources and energies from Partners like protocol Labs uh the funding the commons and DOW zero to create and establish a validated field for green influence that's all thank you for your attention [Music]