Galaxy Digital Holdings
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 34 is higher than 56% 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 2 emissions of about 272,885,640 kg CO2e and Scope 3 emissions totalling approximately 4,450,930 kg CO2e from business travel, 107,670 kg CO2e from employee commuting, and 1,918,750 kg CO2e from purchased goods and services. Notably, there is no reported data for Scope 1 emissions. In comparison, the 2022 emissions data indicated a total of about 31,950,000 kg CO2e, with Scope 2 emissions at approximately 15,042,400 kg CO2e and Scope 3 emissions around 16,907,400 kg CO2e. The 2021 data showed total emissions of about 4,800,000 kg CO2e for Scope 2 and approximately 1,713,000 kg CO2e for Scope 3. Galaxy Digital has set ambitious climate commitments, aiming to reduce its Scope 2 emissions by 50% by 2030 from a 2023 baseline. Additionally, the company plans to achieve a 50% reduction in Scope 1 emissions by the same year. These initiatives are part of their broader strategy to expand the use of sustainable energy, which is expected to contribute to the decarbonisation of their operations. Overall, Galaxy Digital Holdings is actively working towards significant emissions reductions while focusing on sustainable energy solutions to mitigate its environmental impact.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | - | - | - |
| Scope 2 | 4,822,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 1,713,000 | 00,000,000 | 0,000,000 |
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.
Galaxy Digital Holdings 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.
