Bakkt Holdings, Inc., a prominent player in the digital asset industry, is headquartered in the United States. Founded in 2018, Bakkt has rapidly established itself as a leader in the cryptocurrency and blockchain sectors, focusing on providing innovative solutions for institutional and retail clients alike. The company offers a range of core products and services, including a secure digital wallet, cryptocurrency trading, and asset management solutions, all designed to enhance the accessibility and usability of digital assets. Bakkt's unique approach combines regulatory compliance with cutting-edge technology, setting it apart in a competitive market. With significant milestones such as partnerships with major financial institutions and a successful public listing, Bakkt Holdings continues to solidify its market position, driving the adoption of digital currencies and transforming the financial landscape.
How does Bakkt Holdings, Inc.'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.
Mean score of companies in the Financial Intermediation 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.
Bakkt Holdings, Inc.'s score of 43 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Bakkt Holdings, Inc. reported total carbon emissions of approximately 2,874,060,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 2,874,060,000 kg CO2e. Scope 1 emissions were reported at approximately 59,491,000 kg CO2e, while Scope 2 emissions totalled about 26,107,000 kg CO2e (market-based). The company has set ambitious climate commitments, aiming to reduce its total Scope 1 and Scope 2 emissions by 50% from a 2020 baseline by the year 2030. This target was established in 2021 and reflects Bakkt's commitment to addressing its carbon footprint. In previous years, Bakkt's emissions were as follows: in 2023, Scope 1 emissions were approximately 64,431,000 kg CO2e and Scope 2 emissions were about 26,602,000 kg CO2e (market-based). In 2022, Scope 1 emissions reached approximately 76,061,000 kg CO2e, with Scope 2 emissions at about 29,994,000 kg CO2e (market-based). Bakkt's emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. The company continues to focus on its climate commitments as part of its broader sustainability strategy.
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 76,061,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 29,994,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 |
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 87% of Scope 3 emissions.
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.
Bakkt Holdings, Inc. 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.
