NEW YORK, Feb. 3, 2022 /CNW/ - Galaxy Digital Holdings Ltd.
(TSX: GLXY) ("Galaxy Digital" or "the Company"), a financial
services and investment management innovator in the digital asset,
cryptocurrency, and blockchain technology sectors, today announced
the launch of the Company's Sustainability Program and Strategy
("the Program"). The Program underscores Galaxy Digital's
commitment to responsible environmental practices, a robust
corporate governance strategy and an equitable, inclusive
environment for employees.
"We strive to drive systems change through technology, and as we
continue to scale our business globally, we are committed to
operating firmwide consistently with environmental, social, and
governance ("ESG") best practices. To this end, we are pleased to
announce Galaxy Digital's Sustainability Program. We look forward
to sharing our first sustainability report in the second half of
2022 and will keep stakeholders updated throughout our program
evolution," said Mike Novogratz,
Founder and Chief Executive Officer of Galaxy Digital.
Galaxy Digital's Sustainability Program is focused on three key
tenets:
Environmental
Galaxy Digital is committed to actively managing and improving
its environmental and carbon footprint by integrating sustainable
practices into its global business and increasing the use of
sustainable energy across the company, with a particular focus on
mining.
The Program builds upon the Company's previously announced
commitment to achieve an over-80% sustainable power mix across
mining operations in a three-year target. In the third quarter of
2021, Galaxy Digital Mining utilized electricity with an over-80%
sustainable electricity mix.
The Company is a founding member of the Bitcoin Mining Council
("BMC") and is working with the BMC to promote transparency around
energy usage for mining, educate the public on the benefits of
Bitcoin and Bitcoin mining, and share best practices with peers in
the mining community.
Galaxy Digital's New York and
Chicago offices, where a majority
of the Company's workforce resides, hold LEED Gold Certifications
and WELL Health Safety Ratings, are equipped with EnergyStar and
WaterSense fixtures that help minimize energy and water intensity,
and have established paper, plastic, and electronic waste reduction
strategies.
Social
Galaxy Digital operates in an innovative and dynamic industry,
and remains focused on fostering a diverse, equitable, and
inclusive environment for its people, stakeholders, clients, and
communities.
The Company is committed to cultivating opportunities that best
serve its employees, and has implemented robust strategies to
ensure diverse hiring, development, advancement, and retention,
along with the offering of competitive compensation and benefits.
Galaxy Digital's Diversity, Equity, and Inclusion ("DE&I")
strategy is overseen by the Board of Directors, ESG Steering
Committee, and a dedicated DE&I Committee.
Governance
Galaxy Digital established a structured corporate governance
approach to advance the Sustainability Program and Strategy and
ensure strong oversight.
The Sustainability Program is overseen by the Company's Board of
Directors and its Compensation, Corporate Governance and Nominating
("CCGN") Committee. The Program is supported by an ESG Steering
Committee, comprised of senior executives across the Company's
business lines and corporate functions, responsible for program
implementation and continuous improvement of ESG initiatives. The
Steering Committee is supported by a dedicated ESG Working
Group.
Galaxy Digital recently completed its first ESG materiality
assessment to identify and prioritize focus areas, shape the
Program strategy, and ensure that future reporting addresses ESG
issues of greatest importance. Assessment results will be evaluated
on an ongoing basis, and the Company's first sustainability report
will be published in the second half of 2022.
For more information on Galaxy Digital's sustainability program,
please visit
https://investor.galaxydigital.io/Governance/Sustainability/.
About Galaxy Digital
Galaxy Digital (TSX: GLXY) is a
technology-driven financial services and investment management firm
that provides institutions and direct clients with a full suite of
financial solutions spanning the digital assets ecosystem. Galaxy
Digital operates in the following businesses: Trading, Asset
Management, Principal Investments, Investment Banking, and Mining.
Galaxy Digital's CEO and Founder is Mike
Novogratz. The Company is headquartered in New York City, with offices in Chicago, San
Francisco, London,
Amsterdam, Tokyo, Hong
Kong, the Cayman Islands
(registered office), and New
Jersey.
Additional information about the Company's businesses and products
is available on www.galaxydigital.io.
Disclaimers
The TSX has neither approved nor
disapproved the contents of this press release.
SOURCE Galaxy Digital Holdings Ltd.