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 39 is higher than 58% 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 2024, Galaxy Digital Holdings reported total carbon emissions of approximately 186,746,770 kg CO2e, comprising 658,080 kg CO2e from Scope 1 and 186,088,690 kg CO2e from Scope 2 emissions. This marks a significant increase from 2023, where emissions totalled about 64,071,780 kg CO2e, with Scope 1 emissions at 861,160 kg CO2e and Scope 2 emissions at 63,210,620 kg CO2e. 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 reflects Galaxy's strategy to enhance its use of sustainable energy, which is expected to contribute to the decarbonisation of its operations and reduce marginal production costs. Galaxy Digital Holdings has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations. The company is actively working towards its climate commitments, with a clear roadmap for reducing its carbon footprint in the coming years.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,822,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 3 | 1,713,000 | - | - | - |
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Galaxy Digital Holdings's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 26% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 46% 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.
