Galaxy Digital Holdings

In 2023, Galaxy Digital Holdings reported total carbon emissions of approximately 278,000,000 kg CO2e. This figure includes 3,232,000 kg CO2e from Scope 1 emissions, 272,876,000 kg CO2e from Scope 2 emissions, and 6,483,000 kg CO2e from Scope 3 emissions. Notably, the Scope 2 emissions represent a significant portion of their total emissions, indicating a reliance on purchased electricity. In 2022, the company recorded total emissions of about 31,950,000 kg CO2e, with Scope 2 emissions at 15,042,400 kg CO2e and Scope 3 emissions at 16,907,400 kg CO2e. The previous year, 2021, saw emissions of approximately 6,000,000 kg CO2e, with Scope 2 emissions at 4,822,000 kg CO2e and Scope 3 emissions at 1,713,000 kg CO2e. Despite these figures, Galaxy Digital Holdings has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s emissions intensity metrics suggest a focus on improving efficiency, with emissions intensity per employee reported at 644,000 kg CO2e in 2023. Overall, while Galaxy Digital Holdings has made strides in tracking and reporting its emissions, the lack of defined reduction targets highlights an area for potential improvement in their climate commitments.