Is bitcoin ESG-compliant? A sober look

【Author】 Proelss, Juliane; Schweizer, Denis; Sevigny, Stephane

【Source】EUROPEAN FINANCIAL MANAGEMENT

【影响因子】2.295

【Abstract】Much of the media focus surrounding Bitcoin (BTC) has been on the 'E' (environmental) element of the ESG investing approach. Given the amount of electricity consumed by BTC mining, and the resulting large carbon emissions, BTC has faced substantial criticism of its overly negative environmental impact, which is critically reviewed in this article. This one-sided discussion, however, ignores the 'S' (social) and 'G' (governance) elements entirely. To remedy that, we explore BTC's positive impact on the 'S' (user satisfaction, data protection and privacy, human rights, and criminal activity), and 'G' (accounting integrity and transparency, compensation, and principles of good governance) components.

【Keywords】Bitcoin; carbon emissions; climate; crypto; environmental; ESG; sustainability; sustainable development goals

【发表时间】2023 2023 SEP 1

【收录时间】2023-09-13

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