Facility Sustainability Report
Last updated
Last updated
The miner's sustainability report is a meticulously crafted document that employs a comprehensive and multidisciplinary approach to report on its environmental sustainability performance. This approach aligns with several globally recognized reporting frameworks and methodologies, ensuring the report is transparent, comparable, and credible. The report focuses on the environmental aspects of the organization's operations with particular emphasis on greenhouse gas (GHG) emissions, energy use, and broader environmental impacts.
The reporting methodology and frameworks utilized in the BEC platform are highly detailed and well-defined, which empowers stakeholders to gauge the organization's progress toward achieving its sustainability goals. Through this transparent and credible approach, the miner can demonstrate its commitment to environmental sustainability and stakeholder accountability.
Review a sample report from a data center in British Columbia, Canada
The GHG Protocol is a standardized approach that helps miners in accounting and reporting their greenhouse gas (GHG) emissions. It enables producers to quantify and manage their GHG emissions effectively by distinguishing between direct emissions (Scope 1), indirect emissions from purchased electricity (Scope 2), and other indirect emissions (Scope 3). By using this protocol, producers can comprehensively report their carbon footprint in a clear and standardized manner.
Miners who align with the CCA commit to reducing their carbon footprint and achieving net-zero emissions in the cryptocurrency sector. This demonstrates their proactive approach to contributing to global decarbonization efforts within the digital asset industry.
Miners employ SASB standards to integrate material sustainability information into their reporting. This ensures that the report addresses the environmental, social, and governance (ESG) issues most relevant to their stakeholders, emphasizing transparency and accountability in sustainability reporting.
The GRI standards assist mining companies in reporting their economic, environmental, and social performance. By following these guidelines, miners ensure that they present a comprehensive and balanced view of their sustainability efforts and performance, making it easier for stakeholders to engage and compare sustainability efforts across the industry.
Miners' alignment with TCFD recommendations highlights their commitment to disclosing climate-related financial risks and opportunities. This forward-looking approach enables miners to communicate their strategies for managing climate risks and leveraging opportunities, providing valuable insights to investors and other stakeholders.
KryptoVault's report also reflects its contributions toward achieving specific SDGs, particularly those related to environmental sustainability. This underscores the company's role in promoting sustainable development through its operations and business strategy.
Miners' environmental footprint is assessed with a focus on energy use, carbon emissions, and e-waste, providing a clear picture of its environmental impacts. The methodology for quantifying GHG emissions follows the operational control approach, including comprehensive Scope 1, 2, and selected Scope 3 emissions based on relevance to their operations.
The report delineates a methodological approach for data collection, quantification, and presentation of GHG emissions and energy use. This includes detailing the calculation methods for Scope 1, 2, and Scope 3 emissions, adherence to dual-reporting methodology for Scope 2 emissions (location-based and market-based methods), and the inclusion of specific categories within Scope 3 that are relevant to miners' business operations.
Miners acknowledges the inherent limitations in non-financial metrics due to measurement uncertainties and the reliance on third-party information for certain data points. The report includes a statement of limited assurance from an independent auditor, reinforcing the credibility and reliability of the data and assertions made within the report.
The report articulates miners' sustainability goals, including the commitment to using renewable energy, energy-efficient operations, and contributing to local communities. It showcases the company's efforts in environmental stewardship and outlines its approach to measuring, managing, and reducing its environmental footprint.
