Bit
Bit, officially known as Bit Group, is a prominent player in the technology sector, headquartered in Lithuania (LT). Founded in 2018, the company has rapidly established itself in the blockchain and cryptocurrency industry, focusing on innovative solutions that enhance digital asset management and trading. With a strong operational presence across Europe and beyond, Bit offers a range of core services, including cryptocurrency exchange, wallet solutions, and blockchain consulting. What sets Bit apart is its commitment to security and user experience, ensuring that clients can navigate the digital landscape with confidence. Recognised for its robust platform and customer-centric approach, Bit has achieved significant milestones, positioning itself as a trusted name in the market. As the demand for digital financial solutions continues to grow, Bit remains at the forefront, driving innovation and excellence in the blockchain space.
DitchCarbon Score
How does Bit'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 Telecommunications 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
Bit's score of 12 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bit's reported carbon emissions
As of the latest data, Bit has not reported any specific carbon emissions figures. However, the company has made significant climate commitments aimed at reducing its greenhouse gas emissions. Bit Group, headquartered in Lithuania, has set ambitious targets through the Science Based Targets initiative (SBTi). The company commits to reducing its absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by the year 2030, using 2020 as the baseline year. Additionally, Bit Group aims to achieve a 51.6% reduction in Scope 3 emissions, which encompass emissions from purchased goods and services, capital goods, and the use of sold products, per service subscription within the same timeframe. These targets align with the global goal of limiting temperature rise to 1.5°C, demonstrating Bit's commitment to sustainable practices and climate action. The company is also committed to achieving net-zero emissions in the long term, further solidifying its role in combating climate change.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bit is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
