Not so long ago, companies that were polluting, for example, were not so unpopular at all, but nowadays that is increasingly changing. To be able to measure properly how hard companies are doing their best for the world was invented the ESG, which stands for Environmental, Social and Governance. Of all the blockchains, Ethereum (ETH) is at the top of the list.
Ethereum best ESG token
Blockchain analytics company CCData has partnered with the Crypto Carbon Ratings Institute (CCRI). index created which measures how high companies score in terms of ESG. For this, it examined 40 of the largest cryptocurrencies for their consumption, decentralization and security, among other things.
Ethereum ranks 1st in this, with an overall score of 79 and an AA rating. Solana (SOL) is in second place with 69 points and an A certificate. The governance aspect is the biggest culprit here, with 16 points it is 9 points lower than Ethereum. Cardano (ADA) is not far off Solana, with a total of 68 points. The social aspects of cardano still require some work, according to CCData, although it is not clear exactly what arguments the research firm has for this.
Binance coin (BNB) is in fourth place. It scores 25 points lower than the higher scoring competitors, but it comes pretty close because BNB’s governance and social factors are said to be better.
Bitcoin, LEO and USDT less popular
The token with the lowest score is ‘UNUS SED LEO’, with which CCData presumably refers to Bitfinex’s token LEO. The environmental score of this is still relatively high at 25, but the governance score of 2 is lower than that of any other coin. Even USDT scores slightly higher with 5 governance points. However, USDT is not high on the list either. The 49 points are good for place 31.
Bitcoin (BTC) is in twentieth place. There is little wrong with the governance and social scores with 26 and 24 points, but the Proof-of-Work (PoW) coin has an environmental score of only 7. As a result, the world’s largest cryptocurrency is the most polluting of all, according to CCData all.