{"id":4388,"date":"2022-08-04T08:00:50","date_gmt":"2022-08-04T06:00:50","guid":{"rendered":"https:\/\/www.chainon.it\/?p=4388"},"modified":"2022-08-03T15:25:27","modified_gmt":"2022-08-03T13:25:27","slug":"4388","status":"publish","type":"post","link":"https:\/\/www.chainon.it\/en\/4388\/","title":{"rendered":"Blockchain for sustainable sports"},"content":{"rendered":"

Increasingly, we are hearing more and more about ESG<\/strong>, a term that is also beginning to be juxtaposed with the world of sports. But exactly what does ESG mean? What impact will Blockchain technology have on sports and how will it affect this sector?<\/p>\n

As defined by Wikipedia, being ESG compliant<\/strong><\/em> <\/a>means implementing the concept of sustainable development to financial activity by making it sustainable finance<\/strong>. As the acronym ESG<\/strong> (Environmental, Social, Governance) suggests, sustainability is not understood to be limited to the environment, although it has been the pivotal principle behind the movement. To date, companies that most respect ESG<\/strong> parameters have an advantage in raising public and private investment. The world of sports, mainly in the event and sports facility sectors, is also beginning to monitor ESG<\/strong> factors, aligning itself with the European vision contained in Agenda 2030<\/strong>. During Cop26 i<\/strong>n Glasgow, the major players in the sports scene set themselves very ambitious goals: halving emissions by 2030 and zero by 2040, a more challenging target than the EU<\/strong> target of zero by 2050. The very sport you don’t expect, Formula 1, has launched its Net-Zero Carbon<\/strong> program to zero emissions by 2030.<\/p>\n

ESG, sport e infrastructures in Italy\u00a0<\/strong><\/h2>\n

The issue of environmental sustainability turns out to be intertwined with the issue of infrastructure, and this also happens in sports. It is no coincidence that the 700 million euros available through the PNRR<\/strong> are dedicated to the modernization and construction of sports infrastructure with a view to sustainability. For Italy, the topic of infrastructure turns out to be a sore point, just think that according to a census by the Istituto per il Credito Sportivo<\/strong><\/a>, 60 percent of the sports infrastructure in Italy was built before 1980. This leads to a squandering of more than 800 million euros annually as well as significant climate-changing emissions.<\/p>\n

The main critical issues: disclosure and measurement of offsets<\/h2>\n

To date, the main critical issues we find in the sports world with respect to the ESG movement relate to the disclosure and measurement of CO2e<\/strong>\u00a0offsets<\/em>. The majority of European soccer clubs do not make their emissions data public, and furthermore, since there is no gold standard<\/strong> for making measurements, the few data available are not entirely reliable. We can take as a reference soccer, the most played sport with the greatest impact on GDP in Europe, and research conducted by Standard Ethics<\/strong>, which established a European Football Index<\/strong> on sustainability based on a nine-grade rating.<\/p>\n

\"rating
\n<\/span><\/p>\n

The research was conducted on the 15 top listed European clubs and from this it emerged that:<\/p>\n