Argo Blockchain Sustainability Profile
Argo Blockchain plc, a prominent player in the cryptocurrency mining industry, is headquartered in Great Britain. Founded in 2017, the company has rapidly established itself as a leader in the sector, focusing on Bitcoin and cryptocurrency mining operations across North America and Europe. Argo Blockchain is renowned for its commitment to sustainable mining practices, utilising renewable energy sources to power its operations. This unique approach not only enhances efficiency but also aligns with the growing demand for environmentally responsible solutions in the blockchain space. With a strong market position, Argo Blockchain has achieved significant milestones, including a successful listing on the London Stock Exchange. The company continues to innovate, positioning itself at the forefront of the evolving cryptocurrency landscape.
DitchCarbon Score
How does Argo Blockchain's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Argo Blockchain's score of 33 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Argo Blockchain's reported carbon emissions
In 2023, Argo Blockchain, headquartered in Great Britain, reported total carbon emissions of approximately 232,932,000 kg CO2e. This figure includes about 192,872,000 kg CO2e from Scope 2 emissions and around 40,060,000 kg CO2e from Scope 3 emissions. The company has made significant strides in its climate commitments, having achieved climate positive status in 2021 by offsetting more greenhouse gas emissions than it emitted in 2020 and 2021. Argo's climate strategy focuses on utilising renewable energy for its mining operations. The company has set near-term targets to maintain its climate positive status through ongoing efforts to offset emissions, particularly in Scope 1 and Scope 2 categories, with a commitment to continue these initiatives through 2025. In the previous year, 2022, Argo's emissions were reported at approximately 216,960,000 kg CO2e, with Scope 2 emissions contributing about 168,718,000 kg CO2e and Scope 3 emissions at around 48,242,000 kg CO2e. This demonstrates a proactive approach to managing and reducing carbon footprints within the blockchain and cryptocurrency industry. Overall, Argo Blockchain is positioned as a leader in sustainability within its sector, actively working towards reducing its environmental impact while promoting the use of renewable energy sources.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 46,880,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 10,389,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Argo Blockchain's Industry?
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Argo Blockchain's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Argo Blockchain has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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