Canaan Co Sustainability Profile
Canaan Co., a leading player in the blockchain technology sector, is headquartered in the United States and operates extensively across Asia and Europe. Founded in 2013, the company has established itself as a pioneer in the cryptocurrency mining industry, particularly known for its innovative ASIC (Application-Specific Integrated Circuit) miners. Canaan's flagship products, including the AvalonMiner series, are distinguished by their high efficiency and performance, catering to both individual miners and large-scale operations. With a commitment to advancing blockchain technology, Canaan has achieved significant milestones, including being one of the first companies to go public in the sector. Recognised for its technological advancements and robust market position, Canaan Co. continues to shape the future of cryptocurrency mining, making it a notable name in the industry.
DitchCarbon Score
How does Canaan Co'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 Food Product Manufacturing 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
Canaan Co's score of 13 is lower than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Canaan Co's reported carbon emissions
Canaan Co, headquartered in the US, currently does not report any carbon emissions data, as there are no available figures for emissions in kg CO2e. Additionally, the company has not established any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate initiatives. Without emissions data or defined climate commitments, it is unclear how Canaan Co is addressing its carbon footprint or contributing to climate action. The absence of reported emissions and reduction initiatives suggests a need for enhanced transparency and accountability in their environmental strategy.
How Carbon Intensive is Canaan Co's Industry?
How Carbon Intensive is Canaan Co's Location?
Canaan Co'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.
Canaan Co 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.
