Canaan Inc. Sustainability Profile
Canaan Inc., a prominent player in the blockchain technology sector, is headquartered in Singapore (SG) and operates extensively across Asia and North America. Founded in 2013, the company has established itself as a leader in the cryptocurrency mining industry, particularly known for its innovative ASIC (Application-Specific Integrated Circuit) mining hardware. Canaan's flagship product, the AvalonMiner series, is distinguished by its 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 cryptocurrency space. As a result, Canaan Inc. has solidified its market position, recognised for its technological advancements and contributions to the evolving landscape of digital currencies.
DitchCarbon Score
How does Canaan 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.
Industry Average
Mean score of companies in the Communication Equipment 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 Inc.'s score of 23 is lower than 63% 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 Inc.'s reported carbon emissions
Canaan Inc., headquartered in Singapore (SG), currently does not report any carbon emissions data, as indicated by the absence of specific figures in kg CO2e. Additionally, there are no documented reduction targets or climate pledges associated with the company. This lack of emissions data and commitments suggests that Canaan Inc. may not yet have established a formal framework for addressing its carbon footprint or engaging in climate action initiatives. In the context of the industry, many companies are increasingly adopting science-based targets and sustainability commitments to mitigate climate change impacts. However, without specific data or commitments from Canaan Inc., it remains unclear how the company aligns with these industry standards or what steps it may be taking towards carbon neutrality.
How Carbon Intensive is Canaan Inc.'s Industry?
How Carbon Intensive is Canaan Inc.'s Location?
Canaan 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.
Canaan 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.
