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Public Profile
Financial Intermediation
US
updated 10 days ago

Bakkt Holdings, Inc. Sustainability Profile

Company website

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.

DitchCarbon Score

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.

43

Industry Average

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.

29

Industry Benchmark

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.

65%

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Bakkt Holdings, Inc.'s reported carbon emissions

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.

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202220232024
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

How Carbon Intensive is Bakkt Holdings, Inc.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bakkt Holdings, Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Bakkt Holdings, Inc.'s Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bakkt Holdings, Inc. is in US, which has a low grid carbon intensity relative to other regions.

Bakkt Holdings, Inc.'s Scope 3 Categories Breakdown

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.

Top Scope 3 Categories

2024
Purchased Goods and Services
87%
End-of-Life Treatment of Sold Products
4%
Capital Goods
2%
Downstream Transportation & Distribution
2%
Business Travel
<1%
Employee Commuting
<1%
Use of Sold Products
<1%
Upstream Transportation & Distribution
<1%

Bakkt Holdings, Inc.'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.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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