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 3 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Coinbase's reported carbon emissions
As of the latest available data, Coinbase has not publicly disclosed specific carbon emissions figures or detailed climate commitments. Without emissions data, it is challenging to assess their current carbon footprint or the scope of their emissions (Scope 1, 2, or 3). However, it is important to note that many companies in the cryptocurrency sector are increasingly recognising the need for sustainability and are setting ambitious climate targets. While Coinbase has not outlined specific reduction initiatives or targets, the industry is moving towards greater transparency and accountability regarding carbon emissions. In the absence of concrete data, it remains essential for Coinbase to establish clear climate commitments and reduction strategies to align with global sustainability goals.
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 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.
