📣 Introducing Tracenable Pro: Unlock Unlimited Data Exports & Disclosures Access.
Galaxy Digital Inc
Galaxy Digital's GHG Emissions Data Preview
In 2024, Galaxy Digital completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Galaxy Digital has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. | 0000000 |
a
b
a
a
b
a
b
a
bVerified Sources Behind Galaxy Digital’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Galaxy Digital’s data sources below and access millions more through our Disclosure Search.
Insights into Galaxy Digital's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofGalaxy Digital amounted to547,999.65metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Galaxy Digitalincreased by 100.65%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Galaxy Digital's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Galaxy Digital's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Galaxy Digital were 518.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), Galaxy Digital's Scope 1 emissions increased by 123.5%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Galaxy Digital's Scope 2 emissions?
In 2024, Galaxy Digital reported Scope 2 greenhouse gas (GHG) emissions of 547,481.45 tCOâ‚‚e using the location-based method.a
Has Galaxy Digital reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Galaxy Digital's Scope 2 emissions(Location-Based) rose by 100.63% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Galaxy Digital use for Scope 2 reporting?
In 2024, Galaxy Digital reported its Scope 2 emissions using the location-based method.a
Galaxy Digital's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into Galaxy Digital's Value Chain Emissions
In 2024, Galaxy Digital reported 9,883.98 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Galaxy Digital includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Galaxy Digital's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Galaxy Digital's Scope 3 emissions?
In 2024, Galaxy Digital reported total Scope 3 emissions of 9,883.98 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Galaxy Digital's Scope 3 emissions increased by 52.46%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does Galaxy Digital disclose?
In 2024, Galaxy Digital reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Galaxy Digital's Scope 3 emissions?
In 2024, the largest contributors to Galaxy Digital's Scope 3 emissions were:a
- Business Travel (Cat. 6): 5,721.54 tCOâ‚‚e(57.89%)
- Purchased Goods and Services (Cat. 1): 3,981.28 tCOâ‚‚e(40.28%)
- Employee Commuting (Cat. 7): 164.13 tCOâ‚‚e(1.66%)
Galaxy Digital's Scope 3 Emissions by Categories
Insights into Galaxy Digital's Total Carbon Footprint
In 2024, Galaxy Digital reported a total carbon footprint of 557,883.63 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.53% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Galaxy Digital's total carbon footprint was Scope 2 emissions, accounting for 98.14% of the company's total carbon footprint, followed by Scope 3 emissions at 1.77%.a