‘The higher you climb, the harder you fall' is a sentiment felt - perhaps for the first time - by both ESG and crypto tribes this month. Ten years ago, the terms were relatively new. Despite little overlap, their early advocates shared similar views about the post-crash direction of finance, the inextricable influence of society, and the potential for better accounting. From 2016 to 2021, digital assets rose from $14bn to $3trn (depending on who you ask); ESG assets, from $23trn to $35trn (depending on who you ask). Tides turned in 2022, as markets sank and pulled down ESG and digital...
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