Does Social Impact Investing Work In Crypto?
Friday, September 6, 2019
By Paul de Havilland
Social impact investing isn’t just for bleeding hearts anymore. Investing in companies with strong environmental, social, and governance (ESG) credentials has grown from an idealistic niche to a highly profitable investment strategy.
A number of studies and data points suggest that an ESG investment portfolio tends to outperform one that gives scant regard to corporate ethics, environmental sustainability, and social impact.
However, those patterns have yet to play out in the cryptocurrency and blockchain market. Indeed, crypto’s best investment vehicle to date, bitcoin, is notorious for the power consumption required to process transactions.
Photo courtesy of Pexels.
Source: Crypto Briefing (link opens in a new window)
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