Binance Holdings Limited Sustainability Profile
Binance Holdings Limited, commonly known as Binance, is a leading global cryptocurrency exchange headquartered in China. Founded in 2017, Binance has rapidly established itself as a dominant player in the digital asset industry, offering a comprehensive suite of services that includes spot trading, futures, and staking. With a presence in multiple operational regions, Binance caters to millions of users worldwide, providing a platform that supports a vast array of cryptocurrencies. Its unique features, such as low trading fees and an intuitive user interface, set it apart from competitors. Recognised for its innovative approach, Binance has achieved significant milestones, including the launch of its own blockchain, Binance Smart Chain, which enhances its ecosystem. As a market leader, Binance continues to shape the future of finance through its commitment to security, transparency, and user empowerment.
DitchCarbon Score
How does Binance Holdings Limited'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 Real Estate 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
Binance Holdings Limited's score of 15 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Binance Holdings Limited's reported carbon emissions
As of the latest available data, Binance Holdings Limited does not report any specific carbon emissions figures, indicating a lack of publicly disclosed emissions data. Consequently, there are no recorded Scope 1, 2, or 3 emissions figures to analyse. Additionally, the company has not established any formal reduction targets or climate commitments, such as those outlined by the Science Based Targets initiative (SBTi) or other industry standards. In the absence of specific emissions data or reduction initiatives, it is important to note that Binance Holdings Limited has not publicly committed to any climate pledges or sustainability frameworks. This lack of transparency may reflect broader industry trends where cryptocurrency firms are increasingly scrutinised for their environmental impact, particularly regarding energy-intensive operations. Overall, without concrete emissions data or climate commitments, Binance's position on carbon emissions remains unclear, highlighting a potential area for improvement in corporate sustainability practices.
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Binance Holdings Limited'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.
Binance Holdings Limited 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.
