KPMG, one of the Big Four professional services firms, has published a report on Bitcoin and ESG issues, finding that the cryptocurrency offers benefits across an ESG framework. The report notes that emissions are a more significant indicator of environmental damage than energy usage, and contextualises Bitcoin's emissions in relation to other sources, finding it to be the second smallest contributor. The report also highlights positive use cases for Bitcoin, such as fundraising for Ukraine and electrification in rural Africa, and notes that its governance is robust due to its decentralisation. However, the report points out that Bitcoin remains misunderstood and offers crypto-related advisory services.
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