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Public Profile
Services Auxiliary to Financial Intermediation
US
updated 2 months ago

Galaxy Digital Holdings Sustainability Profile

Company website

Galaxy Digital Holdings Ltd., commonly referred to as Galaxy Digital, is a leading financial services and investment management firm focused on the cryptocurrency and blockchain sectors. Headquartered in the United States, the company has established a significant presence in major operational regions, including North America and Europe. Founded in 2018, Galaxy Digital has quickly become a key player in the digital asset industry, offering a range of services such as trading, asset management, and advisory solutions. What sets Galaxy Digital apart is its comprehensive approach to the digital asset ecosystem, combining institutional-grade services with deep market expertise. The firm has achieved notable milestones, including strategic partnerships and significant investments in blockchain technology. With a strong market position, Galaxy Digital continues to drive innovation and growth within the rapidly evolving cryptocurrency landscape.

DitchCarbon Score

How does Galaxy Digital Holdings'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.

30

Industry Average

Mean score of companies in the Services Auxiliary to 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.

32

Industry Benchmark

Galaxy Digital Holdings's score of 30 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.

48%

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Galaxy Digital Holdings's reported carbon emissions

In 2024, Galaxy Digital Holdings reported total carbon emissions of approximately 186.7 million kg CO2e, comprising 658,080 kg CO2e from Scope 1 and about 186.1 million kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Comparatively, in 2023, the total emissions were approximately 64.1 million kg CO2e, with Scope 1 emissions at 861,160 kg CO2e and Scope 2 emissions at about 63.2 million kg CO2e. In 2022, the total emissions were approximately 19.0 million kg CO2e, with Scope 1 at 652,070 kg CO2e and Scope 2 at about 18.3 million kg CO2e. Notably, in 2021, Galaxy Digital Holdings reported total emissions of approximately 6.5 million kg CO2e, with no Scope 1 emissions, Scope 2 emissions at about 4.8 million kg CO2e, and Scope 3 emissions at approximately 1.7 million kg CO2e. Despite these figures, Galaxy Digital Holdings has not set any specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions at this time. The emissions data is not cascaded from any parent organisation, and all figures are reported directly from Galaxy Digital Holdings Ltd.

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2021202220232024
Scope 1
-
000,000
000,000
000,000
Scope 2
4,822,000
00,000,000
00,000,000
000,000,000
Scope 3
1,713,000
-
-
-

How Carbon Intensive is Galaxy Digital Holdings's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Galaxy Digital Holdings's primary industry is Services Auxiliary to Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Galaxy Digital Holdings's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Galaxy Digital Holdings is in US, which has a low grid carbon intensity relative to other regions.

Galaxy Digital Holdings's Scope 3 Categories Breakdown

Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 26% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 46% of Scope 3 emissions.

Top Scope 3 Categories

2021
Business Travel
46%
Purchased Goods and Services
38%
Employee Commuting
16%
Fuel and Energy Related Activities
1%
Waste Generated in Operations
<1%

Galaxy Digital Holdings'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.

Galaxy Digital Holdings 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Galaxy Digital Holdings's Emissions with Industry Peers

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•
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Affiliated Managers Group, Inc.

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•
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Updated about 1 month ago

Bridge Investment Group Holdings Inc.

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•
Financial intermediation services, except insurance and pension funding services (65)
Updated 11 days ago

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