- Increased pricing of GHG emissions and introduction of mandatory carbon pricing.
- Enhanced emissions-reporting obligations.
- Mandates on and regulation of existing products and services.
- Uncertainty in market signals.
- Changes in network dynamics (increased cost of raw materials, infrastructure expansion costs, increased cost of electricity).
- Shifts in client preferences and stigmatization of the sector.
- Increased severity of extreme weather events and rising mean temperatures.
Galaxy Digital Holdings Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Galaxy Digital Holdings Ltd. disclosed greenhouse gas emissions of 279.6K tCO2e. By scope: Scope 1: 5.2K tCO2e; Scope 2: 6.3M tCO2e; Scope 3: 76.5K tCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
279.6K tCO2e
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 5.2K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.3M tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 76.5K tCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved a 65% landfill diversion rate (100% including waste-to-energy) in New York office.
- Implemented a composting program in New York office.
- Achieved LEED Gold Certification at New York and Chicago office locations and LEED Certification at San Francisco office location.
- Held WELL Health Safety Ratings at New York and Chicago office locations.
- Held Good Class Certification for Indoor Air Quality as well as Flushing Water Gold and Fresh Water Blue Management System Certifications from the Quality Water Supply Scheme for Buildings at Hong Kong office location.
- Galaxy’s Mining business achieved an energy mix that utilizes a higher percentage of energy from renewable sources than the Electric Reliability Council of Texas (ERCOT) grid as a whole.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Expand its use of sustainable energy
🌱 ESG Focus Areas
EnvironmentalSocialGovernance