Coinbase Sustainability Profile
Coinbase, officially known as Coinbase Global, Inc., is a leading cryptocurrency exchange headquartered in the United States. Founded in 2012, it has rapidly established itself as a key player in the digital currency industry, serving millions of users across North America and Europe. The platform offers a range of services, including cryptocurrency trading, a digital wallet, and educational resources, making it accessible for both novice and experienced investors. Notable for its user-friendly interface and robust security measures, Coinbase has garnered a reputation for reliability in a volatile market. With significant milestones such as its direct listing on the NASDAQ in 2021, Coinbase continues to solidify its market position, driving innovation and adoption of cryptocurrencies globally.
DitchCarbon Score
How does Coinbase'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
Coinbase's score of 23 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coinbase's reported carbon emissions
As of the latest available data, Coinbase has not disclosed any specific carbon emissions figures, including Scope 1, 2, or 3 emissions, nor have they set any formal reduction targets. The absence of emissions data suggests that Coinbase may still be in the early stages of quantifying its carbon footprint or developing comprehensive climate commitments. Despite the lack of specific emissions data, Coinbase's commitment to addressing climate change can be inferred from its participation in various industry initiatives. However, no specific climate pledges or reduction targets have been reported. This indicates a potential area for growth in their sustainability strategy. In summary, while Coinbase has not yet provided detailed emissions data or formal reduction commitments, the company may be working towards establishing a clearer climate action framework in the future.
How Carbon Intensive is Coinbase's Industry?
How Carbon Intensive is Coinbase's Location?
Coinbase'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.
Coinbase 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.
