Galaxy Digital Holdings Sustainability Profile
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.
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.
Industry Benchmark
Galaxy Digital Holdings's score of 31 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Galaxy Digital Holdings's reported carbon emissions
In 2023, Galaxy Digital Holdings reported total carbon emissions of approximately 279,597,000 kg CO2e. This figure includes Scope 1 emissions of about 3,232,000 kg CO2e, Scope 2 emissions of approximately 272,876,000 kg CO2e, and Scope 3 emissions totalling around 6,483,000 kg CO2e. Notably, the Scope 2 emissions represent the largest portion of their carbon footprint. Galaxy Digital has set ambitious reduction targets, aiming to decrease both Scope 1 and Scope 2 emissions by 50% by 2030, using 2023 as the baseline year. This commitment reflects their strategy to enhance the use of sustainable energy, which is expected to contribute to the decarbonisation of their operations. The company has not disclosed any emissions data inherited from a parent organisation, indicating that their reported figures are solely from their own operations. As part of their climate commitments, Galaxy Digital is focused on integrating sustainable practices to drive down emissions and improve overall environmental performance.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | 0,000,000 |
| Scope 2 | 4,822,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 1,713,000 | 00,000,000 | 0,000,000 |
How Carbon Intensive is Galaxy Digital Holdings's Industry?
How Carbon Intensive is Galaxy Digital Holdings's Location?
Galaxy Digital Holdings's Scope 3 Categories Breakdown
Galaxy Digital Holdings's Scope 3 emissions, which decreased by 62% last year and increased by approximately 278% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 2% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 69% of Scope 3 emissions.
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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.
