Cardano
Cardano, officially known as Input Output Hong Kong (IOHK), is a pioneering blockchain technology company headquartered in Great Britain. Founded in 2015, Cardano has rapidly established itself as a leader in the cryptocurrency and blockchain industry, focusing on creating a more secure and scalable platform for the development of decentralised applications (dApps) and smart contracts. With a commitment to academic research and peer-reviewed development, Cardano distinguishes itself through its unique proof-of-stake consensus mechanism, Ouroboros. This innovative approach not only enhances energy efficiency but also ensures robust security. The platform's native cryptocurrency, ADA, has gained significant traction, positioning Cardano as one of the top players in the market. Notable achievements include successful upgrades and partnerships that continue to expand its operational reach across various global regions.
DitchCarbon Score
How does Cardano'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 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.
Industry Benchmark
Cardano's score of 17 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cardano's reported carbon emissions
As of 2023, Cardano has reported zero emissions for Scope 1, indicating no direct greenhouse gas emissions from owned or controlled sources. The average Scope 1 and 2 emission intensity for priority sectors is approximately 0.000085 kg CO2e per unit of revenue. In 2022, the average Scope 1 and 2 emission intensity was about 0.000093 kg CO2e, showing a slight improvement in emissions intensity year-on-year. For 2021, while specific total emissions data is not disclosed, the average Scope 1 and 2 emission intensity was approximately 0.000111 kg CO2e. Cardano has not set specific reduction targets or climate pledges, indicating a focus on maintaining low emissions rather than committing to formal reduction initiatives. Overall, Cardano's commitment to sustainability is reflected in its low emissions profile, particularly in Scope 1 emissions, and its ongoing efforts to monitor and improve its carbon intensity metrics.
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.
Cardano is not committed to any 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.
