Polygon
Polygon, also known as Polygon Group, is a leading provider of innovative solutions in the field of digital asset management and blockchain technology. Headquartered in Sweden, the company operates extensively across Europe and North America, catering to a diverse clientele. Founded in 2017, Polygon has rapidly established itself as a key player in the decentralised finance (DeFi) and non-fungible token (NFT) sectors. The company is renowned for its unique Layer 2 scaling solutions, which enhance the efficiency and scalability of Ethereum-based applications. Polygon's core offerings include a suite of tools designed to improve transaction speeds and reduce costs, making it a preferred choice for developers and businesses alike. With significant milestones such as partnerships with major blockchain projects, Polygon continues to solidify its market position, driving innovation in the rapidly evolving digital landscape.
DitchCarbon Score
How does Polygon'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 Business Services 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
Polygon's score of 71 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Polygon's reported carbon emissions
In 2024, Polygon reported total carbon emissions of approximately 396,000,000 kg CO2e. This figure includes Scope 1 emissions of about 38,064,000 kg CO2e, Scope 2 emissions of approximately 4,997,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 352,939,000 kg CO2e. Notably, the largest portion of Scope 3 emissions came from the use of sold products, accounting for about 201,494,000 kg CO2e. Comparatively, in 2023, Polygon's total emissions were approximately 366,213,000 kg CO2e, with Scope 1 emissions at about 38,890,000 kg CO2e and Scope 2 emissions at around 6,089,000 kg CO2e (market-based). The Scope 3 emissions for that year were approximately 321,233,000 kg CO2e. Polygon has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, starting from a baseline year of 2022. This target reflects a proactive approach to mitigating climate impact and aligns with industry standards for sustainability. The company is currently on track to meet its near-term reduction goals, demonstrating a commitment to environmental responsibility.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 44,466,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 8,600,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 312,490,000 | 000,000,000 | 000,000,000 |
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.
Polygon 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.
