ENVIRONMENTAL, SOCIAL AND GOVERNANCE
A global impact beyond business
R3 is committed to integrating environmental, social and governance (ESG) best practices into our business operations and product strategy. Our company-wide ESG approach is anchored in the UN’s 17 Sustainable Development Goals and is tailored to meet the specific needs of our customers and colleagues.
The meaning of ESG
ESG refers to environmental, social and governance indicators which are increasingly used by corporate entities. They enable the measurement of the environmental, social and governance-related performance of a business.
Climate change strategy, biodiversity, water efficiency, energy efficiency, carbon intensity, environmental management system
Equal opportunities, freedom of association, health and safety, human rights, customer and products responsibility, child labor
Business ethics, compliance, board independence, executive compensation, shareholder democracy, technology governance
BUILDING A MORE SUSTAINABLE FUTURE
Our commitment to environmental protection
As a company, R3 is committed to reducing our carbon footprint. This commitment influences everything we do—from the partnerships we form to the products we develop. Our flagship DLT platform, Corda, is one of the most sustainable blockchain platforms—by design—on the market. Being a private, permissioned infrastructure, Corda uses minimal energy per transaction making it an inherently more sustainable option than public, permissionless blockchains, such as Ethereum.
A CULTURE OF GIVING
Our social commitment
Contributing to society through our products, our people and our business strategy is deeply rooted in R3’s culture. Led by R3 employees, our corporate social responsibility initiatives have contributed over 400K USD to more than 100 charities across the globe.
R3 also works to ensure entrepreneurs and small businesses can leverage the opportunities offered by DLT and our products through our Venture Development program. By incubating these firms and supporting them as they build solutions on our network, we have jointly created millions of dollars of value to economies all over the world.
ADHERING TO INDUSTRY STANDARDS
Our commitment to responsible corporate governance
In providing technology for highly regulated markets, R3 employees are held to the same regulatory standards as the markets we serve. We provide yearly mandatory training for all employees in areas such as AML, KYC, insider trading and other important governance considerations. These are regularly reviewed and refreshed as needed.
BLOCKCHAIN GOVERNANCE FOR ESG REPORTING
Leveraging DLT for ESG reporting and ecosystem data collaboration
ESG reporting and calculation of a company’s carbon footprint are only growing ever more important. Financial data alone no longer suffices. Blockchain platforms like Corda provide a distributed approach for sharing data in a secure, trusted and standardized way and can propel next-gen network ESG collaboration. For companies to truly capitalize on DLT for ESG reporting and sustainability data, they need to explore decentralized data governance mechanisms, integrate with existing IT infrastructure, as well as industry standards for ESG reporting.
Interested in learning how blockchain can accelerate your ESG journey?
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