expect price explosion

Over the past decade, the world of investing has become ever more politicised as the push to invest in a “socially responsible” manner has only grown, and there is no reason to suspect that this trend will slow down in the coming years – Broadridge Financial Solutions expect that the total market cap of the ESG industry will be worth in excess of $30 trillion by 2030.

Companies around the world are constantly rated on their ESG scores, and forced to increase them if they want to be able to attract capital more easily.

ESG stands for “Environmental, Social and [corporate] Governance”, and is a reflection of the ways in which a company looks after the environment (both in terms of green initiatives and in terms of not polluting too much), cares for their workers and isn’t too exploitative, and operates in a manner of sound governance.

Given that many of these metrics are quite subjective, and cannot be easily quantified, there are a variety of different organisations around the world that work independently of one another to assign ESG scores to different companies.

This has been somewhat controversial at times, given that companies like Tesla, whose express purpose is to make the world a greener place by accelerating the transition to electric vehicles rather than those driven by fossil fuels, has been excluded from the S&P 500 ESG.

At the same time, arms manufacturers such as Lockheed Martin and Raytheon have been assigned extremely positive ESG scores, even though they are responsible for the deaths of hundreds of thousands of people worldwide and irreparable damage to the environment.

Investors expect IMPT to capitalise on the ESG boom

One of the less contentious examples of a company looking to benefit from this rise in ESG investing is IMPT, which is currently midway through its presale.

IMPT is a brand new project that hopes to use the blockchain in order to improve the preexisting industry of carbon credits.

There are many problems with carbon credits in their current form, and the team behind IMPT believes that these problems can be resolved by making the industry more transparent and efficient with blockchain technology.

First and foremost, there is the issue that carbon credits in their current form do not provide any incentives for individuals to pollute less – the entire focus of carbon credits at the moment is centred about companies.

Moreover, the current system in which carbon credits are traded is exceedingly bureaucratic and lacks transparency, which opens the door for all sorts of inefficiency and misallocation of capital.

IMPT hopes to dramatically improve the current state of carbon credits by ensuring that the entire process of issuing, trading and redeeming carbon credits is conducted in a provably fair and credibly neutral manner.

Relevant news:

IMPT - New Eco Friendly Crypto

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