Report
Addendum to the Blockchain Sustainability Framework: EU MiCA Regulation
As blockchain technology adoption becomes more widespread, regulators are looking for assurances that blockchains are environmentally sustainable. In 2022, the Stellar Development Foundation (SDF) commissioned PwC to develop a framework to evaluate the environmental sustainability of blockchains and apply the framework to benchmark the environmental footprint of the Stellar network.
Building on this framework, SDF commissioned PwC to develop an addendum to the Blockchain Sustainability Framework (BSF) that focuses on the sustainability indicators outlined in the European Security and Markets Authority’s regulatory technical standards. Among other requirements in the Markets in Crypto-Assets (MiCA) Regulation, crypto-asset service providers (CASPs) are required to disclose certain sustainability metrics. The SDF is providing this addendum as a resource for CASPs and others in the Stellar ecosystem as a public resource.
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The contents of this report:
This addendum updates the BSF’s methodologies and data sources as needed, proposes new quantitative methodologies for additional sustainability metrics such as e-waste, and applies these methodologies to the Stellar network.
In this addendum, you will learn:
- The Stellar network's sustainability performance.
- The methodologies used to assess the Stellar network.
- Information to support the builders in the Stellar ecosystem with their own sustainability reporting.