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Public Profile
Services Auxiliary to Financial Intermediation
US
updated 15 days 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.

31

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.

29

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.

52%

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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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202120222023
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?

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 (67), 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

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.

Top Scope 3 Categories

2023
Business Travel
69%
Purchased Goods and Services
30%
Employee Commuting
2%
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

Block

US
•
Computer and related services (72)
Updated 13 days ago

Blackstone

US
•
Services auxiliary to financial intermediation (67)
Updated 2 days ago

Bit Digital, Inc.

US
•
Computer and related services (72)
Updated 11 days ago

Ares Management

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Ase Global

TW
•
Research and development services (73)
Updated 2 months ago

Ameriprise Financial

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 26 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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