Coinbase
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 69% 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 publicly reported any specific carbon emissions figures, including Scope 1, 2, or 3 emissions, nor has it set any formal reduction targets. The absence of emissions data suggests that the company may still be in the early stages of quantifying its carbon footprint or developing comprehensive climate commitments. Coinbase has not disclosed any initiatives related to the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential gap in their climate strategy. Without specific targets or commitments, it is challenging to assess their progress in addressing climate change or their overall environmental impact. In the context of the cryptocurrency industry, which is often scrutinised for its energy consumption and associated emissions, Coinbase's lack of publicly available data may reflect broader challenges within the sector regarding transparency and accountability in climate action.
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.
Coinbase is not participating in any of the initiatives that 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.
