CipherTrace, Inc. Sustainability Profile
CipherTrace, Inc., a leading player in the cryptocurrency intelligence and blockchain analytics industry, is headquartered in the United States. Founded in 2015, the company has established itself as a trusted provider of solutions that enhance compliance and security for digital assets. With a focus on anti-money laundering (AML) and fraud detection, CipherTrace offers unique products such as its cryptocurrency tracing tools and risk assessment services, which are designed to help businesses navigate the complexities of the evolving digital currency landscape. The company has achieved significant milestones, including partnerships with law enforcement agencies and financial institutions, solidifying its position in the market. CipherTrace's innovative approach to blockchain forensics and its commitment to transparency have earned it recognition as a key player in the fight against cryptocurrency-related crime, making it an essential resource for organisations seeking to mitigate risks in the digital economy.
DitchCarbon Score
How does CipherTrace, 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 Computer 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
CipherTrace, Inc.'s score of 86 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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CipherTrace, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is part of a corporate family relationship with Mastercard Incorporated, from which it inherits climate commitments and initiatives. Mastercard has established various climate initiatives that influence CipherTrace's sustainability efforts. These include commitments to the Science Based Targets initiative (SBTi), the Carbon Disclosure Project (CDP), and the RE100 initiative, all of which are cascaded down to CipherTrace as a current subsidiary. While specific reduction targets for CipherTrace are not detailed, the overarching goals set by Mastercard aim to significantly reduce carbon emissions across its operations. As part of its climate strategy, Mastercard has pledged to achieve net-zero emissions by 2040, which reflects a strong commitment to addressing climate change. CipherTrace aligns with these initiatives, contributing to the broader corporate responsibility of reducing environmental impact. In summary, while CipherTrace does not have specific emissions data or reduction targets available, it is actively engaged in climate commitments through its association with Mastercard, which sets a robust framework for sustainability and emissions reduction.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,486,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 94,728,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 849,277,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is CipherTrace, Inc.'s Industry?
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CipherTrace, Inc.'s Scope 3 Categories Breakdown
CipherTrace, Inc.'s Scope 3 emissions, which decreased by 8% last year and decreased by approximately 45% since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 85% of Scope 3 emissions.
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CipherTrace, 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.
CipherTrace, 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.
