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 37 is higher than 59% 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 are primarily location-based. The company has set ambitious reduction targets, aiming to decrease its Scope 1 and Scope 2 emissions by 50% by 2030, using 2023 as the baseline year. This commitment is part of Galaxy's broader strategy to enhance its use of sustainable energy, which is expected to contribute to the decarbonisation of its operations. In previous years, Galaxy's emissions were significantly lower, with total emissions of approximately 31,950,000 kg CO2e in 2022 and about 4,823,000 kg CO2e in 2021. The increase in emissions from 2022 to 2023 highlights the company's ongoing challenges in managing its carbon footprint while pursuing growth. Galaxy Digital Holdings is not currently inheriting emissions data from any parent organisation, indicating that its reported figures are solely based on its own operations. The company remains focused on its climate commitments and is actively working towards achieving its reduction targets.
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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 |
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.
